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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Jan 22, 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 higher opening, as traders are looking for value after a three day sell off. While there is no UK economic data today, there will be plenty from our neighbors from across the ocean which will more then likely affect the London Index.
    The FTSE will probably spend the day in positive territory.

    Crude oil gained more then 6% on speculation a bank-rescue plan by the new US president will help boost economic growth and increase fuel demand. Prices could fall on speculation that the U.S. crude-oil inventories rose last week when the inventory numbers are released at 11 a.m. today a day later than usual because of the Martin Luther King Jr. holiday on Monday.

    Predicted opens as of 06:00 GMT
    FTSE: 4138.3 (+73.3)
    CAC40 2976.30 (+75.50)
    DAX30 4355.2 (+102.20)
    DOW: 8235 (+12)
    SP500 842.73 (+2.75)
    Gold: 852.45 (+1.10)
    Oil: 43.93 (+0.42)


    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.


    BetOnMarkets.com.
     

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