European markets are expected to start on a positive note.
The Euro was mixed against its major counterparts. Euro zone PPI index was down by 0.2% in March, as expected and at the same pace than a month ago. Sentix investor confidence index fell to 12.8% for May vs 14.1 in April and 14.3 anticipated.
Gold was up $10.6 to $1310.2. The precious metal was above its 20D MA (@ $1301) and below its 50D MA (@ $1317).
Copper Future (JUL 14) on Comex was down 1.6c to 305.4c/lb. The contract was above its 20D MA (@ 304.03c) and above its 50D MA (@ 305.13c). In Europe, the London Metal Exchange reported its copper inventories decreased 1200 tons to 228600 tons.
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Today's Economic Events
US 13:30: MAR Trade Balance (Bln): -40.4