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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Jan 13, 2009.

  1. Erik

    Erik BetOnMarkets Representative

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

    The FTSE is currently indicating a lower opening as traders wait for the release of the trade balance numbers. Because the UK economy is trade driven, Trade data can give critical insight into developments in the economy and into foreign exchange rates. The FTSE will be highly sensitive to the numbers especially the retail sector.

    Crude oil fell for a sixth day in New York, extending yesterday's 7.9 percent slump on speculation oil inventories last week increased as demand declined. Saudi Arabian Oil Co., the world's biggest state oil company, sent notices to refiners in Asia on Jan. 9 that it would lower crude supplies to the region by about 10 percent in February. This is another attempt to help slow down the slide of oil prices by cutting supplies.

    Predicted opens as of 06:00 GMT
    FTSE: 4398.2 (-31.3)
    CAC40 3228.70 (-14.30)
    DAX30 4704.1 (-16.2)
    DOW: 8522 (+56)
    SP500 875.48 (+4.00)
    Gold: 825.60 (+6.25)
    Oil: 37.06 (-0.50)

    BetOnMarkets.com is the worlds 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 GBP.

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