European markets are expected to start on a positive note.
The Euro was mixed against its major counterparts. In Europe, euro zone CPI increased 0.9% in March after a 0.3% gain the month before. Economists anticipated prices to be up by 1%.
The British Pound was firm. In UK, unemployment rate was down to 6.9% for the December-February period vs 7.2% for the previous one. Jobless claims were down by 30.4K in March vs -37K the month before. Economists anticipated them to be down by 30K.
Gold was about flat to $1302.4. The precious metal was below its 20D MA (@ $1305) and below its 50D MA (@ $1319).
Copper Future (JUL 14) on Comex was up 3.8c to 302.05c/lb. The contract was above its 20D MA (@ 300.44c) and below its 50D MA (@ 310.7c). In Europe, the London Metal Exchange reported its copper inventories decreased 475 tons to 242300 tons.
ECB: Participation of Mr Mersch in a press conference on the occasion of launching the ECB cooperation programme with central banks in Western Balkans, 4 p.m. CET
Today's Economic Events
EC 09:00: FEB Euro-Zone: Current Account (Bln) (MoM): NA
US 13:30: W14 Initial Jobless Claims (Thsd): 315
US 15:00: APR Philadelphia Fed.: 10