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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Feb 17, 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 flat open, as traders are waiting for the release of the UK CPI and retail price numbers. Both numbers could shed some light on the health of the consumer; CPI is expected to fall by 1% while retail price index is expected to remain flat year over year. The FTSE is likely to start the day in the red.

    Crude oil fell below $37 a barrel on speculation that a deepening recession in Europe and Asia will stifle demand for fuels. Brent crude slumped to a three-week low yesterday after the Bank of England said the economy's first quarter contraction may match last quarter's 1.5 percent decline. Oil prices are likely to gravitate closer to the 35 dollars per barrel level before the inventory numbers are issued on Thursday.

    Predicted opens as of 06:00 GMT
    FTSE: 4125.1 (-5.7)
    CAC40 2952.30 (-5.50)
    DAX30 4345.7 (-14.80)
    DOW: 7705 (-40)
    SP500 809.78 (-1.50)
    Gold: 953.20 (+11.15)
    Oil: 36.73 (-0.47)

    Contacts:

    Dave Evans: 0208 977 8381/ Dave@regentmarkets.com
    MichaelWright:00 356 21316105 / Michael@regentmarkets.com


    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
     

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