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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Feb 16, 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 weaker opening, after the right move house index showed a 9.1% drop in year over year in home prices. While Monday is expected to be a quiet day, with North America on holiday, Tuesday promises to be a day full of volatility. Between the CPI and retail sales data, we should get a good picture at how the British economy is doing.

    Crude oil is trading near the $38 a barrel on speculation that the recession in the world's largest economies will slash demand for fuel and energy. Reports today showed that Japan's economy, the world's largest oil consumer after the U.S. and China, shrunk at the fastest pace since 1974. Oil prices are likely to trade below the 40 dollars per barrel level until the inventory report later this week.

    Predicted opens as of 06:00 GMT
    FTSE: 4135.1 (-43.9)
    CAC40 2953.70 (-42.80)
    DAX30 4357.3 (-50.7)
    DOW: 7768 (-65)
    SP500 817.03 (-5.50)
    Gold: 937.85 (-3.80)
    Oil: 37.52 (+0.05)



    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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