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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Feb 11, 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 are worried that the UK employment data will come out weaker then expected. Analysts are expecting the British economy to have shed 88 thousand jobs, however there are rumors that the loss is greater then that. The FTSE opening price will greatly depend on the employment numbers.

    Oil is up this morning partly retracing yesterday's 5.1 percent loss, as the U.S. Senate passed an economic stimulus plan, raising expectations for increases in fuel demand. Oil prices have been hurt this week over a concern that todays inventory numbers will show another build in supply. Oil prices are likely to stay below 40 dollars a barrel for the next few days.

    Predicted opens as of 06:00 GMT
    FTSE: 4160.4 (-30.1)
    CAC40 2972.20 (-42.30)
    DAX30 4448.9 (-96.1)
    DOW: 7919 (+33)
    SP500 830.53 (+1.00)
    Gold: 912.15 (-2.95)
    Oil: 37.93 (+0.37)



    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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