BetOnMarkets - Bradford and Bingley.

Erik

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The FTSE is currently indicating a higher opening, as traders are signaling their approval over the nationalization of Bradford and Bingley. Over the weekend the government and the biggest landlord tried to arrange a sale, however when no bidder came up, the government was forced to step in to protect the deposit holders. This should give the FTSE the boost it needs to start the week of on the positive foot.

Commodities are in for a volatile day, as details of the bailout package get finalized in congress and are due to be passed at any moment. Since the bill will have a negative effect on the US dollar, oil and gold will be the biggest beneficiaries from the bailout.

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