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BetOnMarkets Afternoon report

Discussion in 'Market Predictions and Reports' started by Erik, Apr 27, 2009.

  1. Erik

    Erik BetOnMarkets Representative

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    Please find below the Afternoon Report from David Evans, market analyst
    at BetOnMarkets.com

    World equity markets are lower today, but only slightly. The WHO
    elevating the swine flu outbreak to pandemic status has certainly hit
    markets with individual sectors such as travel firms and energy stocks
    selling off the most today. In a replay of the moves seen during the
    outbreak of SARS virus, pharmaceutical firms are actually rallying today
    as traders speculate that the sector could profit from futures
    investment in finding a cure. Astrazeneca in particular is finding
    support after European regulators approved the use of its drug Iressa
    for certain lung cancer patients.

    With further details on the results of the bank's stress test expected
    soon, investors certainly don't need any excuses to sell today. Anyone
    coming late to the rally may be quick to sell at the moment. The bullish
    sentiment hasn't completely evaporated though and world markets are
    actually recovering well as the afternoon progresses.


    BetOnMarkets.com is the world's leading fixed odds financial trading
    website. Since inception in 2000 it has processed over 15 million trades
    on financial indices, UK and US equities, gold and currencies. Over
    130,000 clients have the ability to place trades from £1 to £25,000.


    BetOnMarkets.com
     

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