European markets are expected to start on a positive note.
The Euro was mixed against its major counterparts. In Europe, German factory orders were down by 2.8% in March after a 0.9% increase in February (revised from +0.6%). Economists anticipated a 0.3% gain. French industrial production fell 0.7% in March after a 0.1% increase the month before. Consensus expected a 0.3% gain.
Gold was down $18.4 to $1289.6. The precious metal was below its 20D MA (@ $1300) and below its 50D MA (@ $1315).
Copper Future (JUL 14) on Comex was down 2.1c to 303.6c/lb. The contract was below its 20D MA (@ 304.03c) and below its 50D MA (@ 305.13c). In Europe, the London Metal Exchange reported its copper inventories decreased 8475 tons to 216950 tons.
Conference: 7th European Conference on Rare Diseases and Orphan Products
Today's Economic Events
UK 12:00: BoE: Rates decision: 0.5%
EC 12:45: ECB: Rates decision: 0.25%
US 13:30: W17 Initial Jobless Claims (Thsd): 325