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BetOnMarkets Morning Report

Discussion in 'Market Predictions and Reports' started by Erik, Dec 1, 2008.

  1. Erik

    Erik BetOnMarkets Representative

    Jul 23, 2008
    Likes Received:
    The FTSE currently indicates a flat opening, as traders wait for the release of the US ISM numbers before deciding the tone for the week. This could be a quiet week for the FTSE as there will be no economic data in UK except for the consumer confidence report on Wednesday. We could see a higher opening today if the Euro-Zone retail sales numbers come out better then expected.

    Oil traders were burned this week after OPEC decided to surprise everyone by not cutting output during the weekend meeting. Oil dropped below the 55 dollars per barrel mark and it is very likely that crude will be trading below the 50 dollar level by the end of the week.


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