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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Jan 15, 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 slightly lower opening, as traders have no UK economic data to help them move the market. In Europe on the other hand, traders will be all ears when the ECB announces its latest interest rate decision. Analysts are expecting a 50 basis point cut; however it would not surprise me if the ECB cut an extra 25 basis points to help stimulate the stagnant economy. An interest rate cut usually benefits the equity markets so look for a nice jump in the European markets today.

    Oil tumbled yesterday after a government report showed slowing demand sent U.S. stockpiles soaring to a 16-month high. Fuel demand fell 6 percent, the largest one-week decline in almost five years, as the Federal Reserve reported the U.S. economy weakened further in the past month. Oil prices should stabilize around the 35 dollars per barrel level for the near term.


    Predicted opens as of 06:00 GMT
    FTSE: 4156.3 (-19.2)
    CAC40 3030.50 (-18.80)
    DAX30 4407.2 (-18.3)
    DOW: 8154 (-43)
    SP500 834.98 (-7.50)
    Gold: 809.15 (-3.20)
    Oil: 36.54 (-0.70)

    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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