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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Feb 12, 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 the sell off that started in Asia is expected to continue. Traders are worried that the Euro-Zone industrial production numbers will create more doubt regarding the economy in Europe and possibly UK. The FTSE is probably spend most of the day in the red.

    Crude oil is currently trading at $36 a barrel after dropping to the lowest level in four weeks yesterday as a U.S. government report showed a bigger-than-expected increase in inventories. Oil has declined 19 percent this year and dropped 61 percent from a year earlier. Oil prices will probably stay near the 35 dollar level for the rest of the week.

    Predicted opens as of 06:00 GMT
    FTSE: 4213.9 (-15.6)
    CAC40 3008.30 (-17.00)
    DAX30 4505.2 (-21.3)
    DOW: 7904 (-35)
    SP500 832.28 (-1.00)
    Gold: 940.75 (-0.60)
    Oil: 35.99 (+.01)


    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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