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)
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
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)
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
