European markets are expected to start on a flat note.
The Euro was mixed against its major counterparts. In Europe, euro zone PMI manufacturing index rose to 53.3 in April in preliminary estimation vs 53 in March. Economists anticipated to be unchanged. euro zone PMI services index was up to 53.1 vs 52.2 the month before and 52.5 expected by the consensus. German PMI manufacturing was up to 54.2 in April vs 53.7 in March and 53.8 expected. German PMI services was 55 in April vs 53 in March and 53.3 anticipated.
Gold was about flat to $1284.7. The precious metal was below its 20D MA (@ $1298) and below its 50D MA (@ $1320).
Copper Future (JUL 14) on Comex was about flat to 303.95c/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 950 tons to 240975 tons.
Today's Economic Events
FR 07:45: APR Business Confidence Indicator: 100
FR 07:45: APR Production Outlook Indicator: NA
GE 09:00: APR IFO - Business Climate: 110.4
GE 09:00: APR IFO - Current Assessment: 115.6
GE 09:00: APR IFO - Expectations: 105.8
US 13:30: W15 Initial Jobless Claims (Thsd): 313
US 13:30: MAR Durable Goods Orders: 2%
US 13:30: MAR Durable Goods Ex Transportation: 0.6%