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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Jan 28, 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 higher opening, as traders hope that todays slew of economic data will help shed a positive light on the world economy. While there wont be any UK data today, we will be paying attention to the EU CPI inflation index along with the US interest rate decision this later this afternoon. Should the CPI numbers come out better then expected, the FTSE could get a nice boost.

    Commodity prices took a tumble yesterday as the global recession eroded demand for energy, metals and grains. The Energy Department announces the inventory numbers tomorrow, and rumors indicate that stockpiles probably rose again. Look for oil prices to test the 40 dollars per barrel level by the end of the week.

    Predicted opens as of 06:00 GMT
    FTSE: 4222.1 (+32.3)
    CAC40 3024.30 (+73.00)
    DAX30 4361.1 (+30.1)
    DOW: 8272 (+108)
    SP500 858.98 (+17.00)
    Gold: 894.95 (-1.95)
    Oil: 41.83 (+0.22)


    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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