European markets are expected to open on a flat note.
The Euro was mixed against its major counterparts. In Europe, Ifo said its Business Climate Index for Germany rose to a seasonally adjusted 111.2 in April, up from a reading of 110.7 in March.
Gold was up $8.9 to $1292.8. The precious metal was below its 20D MA (@ $1298) and below its 50D MA (@ $1320).
Copper Future (JUL 14) on Comex was up 4.7c to 308.65c/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 1025 tons to 239950 tons.
Today's Economic Events
US 14:55: APR U. of Michigan Confidence: 83