| Good morning Andrew,
Metals trading flat with a slight leaning towards the upside; caught between two data points that the investment world is mulling over at this moment.....The Euro-zone announced its lowest jobless rate since 2012.....Meanwhile; China found it necessary to lower interest rates again.....That has people scratching their heads....
In late morning European trading we find Silver up 7 cents to $16.68 per ounce....Gold is $1217.00 up $3.00..... Palladium is down by $1.00 to $819.00....Platinum sits at $1190.00 higher by $1.00.....You can almost sense the morning hesitation, in either direction.....
The employment data out of Europe sent the Euro up by 41/100ths of a U.S. cent.....Last trade $1.1234......
This morning's news out of China helped to pressure Oil.....Last trade $49.21 off 55 cents per barrel......
In stock market activity; Asia finished the day marginally higher on economic hopes surrounding the drop in Chinese interest rates.....Europe is marginally lower across the board with the exception of Germany....It's up 0.13%......Yawn!.....In New York the Dow is being called to open 36 points higher ahead of today's slate of U.S. economic data.....
Here are the estimates: Personal Income for January is estimated to be up 0.4% versus 0.3%......Personal Spending looks to be up 0.1%, as opposed to December's contraction of 0.3%.....PCE Inflation is estimated to be up 0.2% versus 0%...That's one of the first acknowledged signs of inflation in a long time....The ISM Manufacturing Index is being called to be 53 as compared to January's 53.5.....Construction Spending looks weaker with a rise of 0.2% ....The prior report showed a gain of 0.4%.....Israeli P.M. Natanyahu is getting ready to address the UN.with the ostensible disapproval of the White house....That's it.... | 
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