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BetOnMarkets Morning Report

Discussion in 'Market Predictions and Reports' started by Erik, Dec 2, 2008.

  1. Erik

    Erik BetOnMarkets Representative

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    The FTSE is currently indicating a slightly weaker opening, while traders wait for the release of the of the UK purchasing managers index. Analysts are concerned that a weaker then expected number could be just the thing to continue the sell off that saw the FTSE shed more then 5%.

    Oil prices have lost more then 10% of its value since OPEC has decided not to cut production during the weekend meeting. Some worry that by the time the next meeting rolls around oil prices will be below the 40 dollars per barrel mark. For today oil should stay above the 45 dollar mark.

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