BetOnMarkets Morning report

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 very strong opening, as traders are hoping that the improving Chinese economy will help the equities on the FTSE. We don't expect a lot of volume today; however the FTSE is likely to end in the green this week.

Oil traded at the lowest level in 7 weeks yesterday, leading to the worst weekly decline since December. Crude prices are a little higher after equities gained on speculation governments will widen efforts to help consumers weather a deepening global recession. We expect oil prices to stay around the 35 dollars per barrel level to end the week.

Predicted opens as of 06:00 GMT
FTSE: 4263.7 (+73.2)
CAC40 3013.70 (+52.40)
DAX30 4473.5 (+68.50)
DOW: 7970 (+41)
SP500 840.78 (+3.00)
Gold: 941.25 (-9.40)
Oil: 34.52 (+0.69)



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