BetOnMarkets Market Reports

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.

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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 minutes from the last meeting of the Bank of England. Traders are hoping to see if there are any clues in the minutes regarding future interest rate cuts. The opening price of the FTSE will greatly depend on what clues will be found in the release.

Crude oil traded below $35 a barrel on speculation that U.S. stockpiles climbed for the 19th time in 21 weeks amid a drop in demand because of the global economic contraction. While prices of the WTI oil are trading under 35 dollars per barrel, Brent oil is trading above 40 dollars per barrel. The price of crude will probably stay around the 35$ level until the inventory report later this week.


Predicted opens as of 06:00 GMT
FTSE: 4027 (+1.2)
CAC40 2860.60 (-12.90)
DAX30 4201.7 (-25.8)
DOW: 7555 (+5)
SP500 791.28 (+3.00)
Gold: 969.05 (-1.15)
Oil: 38.36 (+3.48)



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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Please find below the Morning Report from David Evans, market analyst at BetOnMarkets.com

The FTSE is currently indicating a higher opening, as traders are covering their short positions ahead of this weeks UK GDP numbers. Most traders are protecting their profits in case the number comes out better then expected. The FTSE will likely have an increase in volume over the next few days.

Crude oil traded near $40 a barrel as traders weighed the risk of a deepening global recession against government measures to revive economic growth. However it seems like traders are betting on the recovery as speculative long positions, or bets prices will rise, outnumbered short positions by 45,016 contracts on the New York Mercantile Exchange last week. Oil prices will probably stay near the 40 dollars per barrel level today.

Predicted opens as of 06:00 GMT
FTSE: 3915.8 (+30.8)
CAC40 2778.40 (+31.60)
DAX30 4043.9 (+1.4)
DOW: 7430 (+60)
SP500 790.03 (+7.50)
Gold: 987.65 (-4.78)
Oil: 40.25 (+0.36)




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
 
BetOnMarkets Weekly Briefing

Contents This Week:
Economic calendar for week 23rd - 27th February 2009.
Commentary: The week ahead.
Economic Calendar for week 23rd - 27th February 2009

PLEASE NOTE - All times GMT

Monday February 23rd:

EU - 08:10 - ECB President Trichet Speaks.
US - 17:40 - FOMC Member Lockhart Speaks.

Tuesday February 24th:

FR - 07:45 - Consumer Spending M/M.
GE - 09:00 - Ifo Business Climate.
EU - 09:00 - Current Account.
UK - 09:30 - BBA Mortgage Approvals.
UK - 09:30 - Prelim Business Investment Q/Q.
UK - 09:40 - MPC Member Sentance Speaks.
EU - 10:00 - Industrial New Orders M/M.
UK - 14:00 - S&P/CS Composite-20 HPI Y/Y.
US - 15:00 - CB Consumer Confidence.
US - 15:00 - Fed Chairman Bernanke Testifies.
US - 15:00 - HPI M/M.
US - 15:00 - Richmond Manufacturing Index.
US - 17:00 - FOMC Member Duke Speaks.

Wednesday February 25th:

GE - 07:00 - Final GDP Q/Q.
UK - 09:30 - Revised GDP Q/Q.
UK - 09:30 - Index of Services Q/Q.
US - 15:00 - Existing Home Sales.
US - 15:00 - Fed Chairman Bernanke Testifies.
US - 15:30 - Crude Oil Inventories.
US - 17:30 - MPC Member Blanchflower Speaks.

Thursday February 26th:

GE - 07:00 - GfK German Consumer Climate.
UK - 07:00 - Nationwide HPI M/M.
GE - 08:55 - Unemployment Change.
EU - 09:00 - M3 Money Supply Y/Y.
EU - 09:00 - Private Loans Y/Y.
EU - 10:00 - Consumer Confidence.
UK - 10:30 - BOE Gov King Speaks.
EU - 13:00 - ECB President Trichet Speaks.
US - 13:30 - Durable & Core Durable Goods Orders M/M.
US - 13:30 - Unemployment Claims.
US - 15:00 - New Home Sales.
US - 15:30 - Natural Gas Storage.

Friday February 27th:

UK - 00:01 - GfK Consumer Confidence.
EU - 10:00 - CPI & Core CPI Y/Y.
EU - 10:00 - Unemployment Rate.
US - 13:30 - Prelim GDP Q/Q.
US - 13:30 - Prelim GDP Price Index Q/Q.
US - 14:45 - Chicago PMI.
US - 14:55 - Revised UoM Consumer Sentiment.
US - 14:55 - Revised UoM Consumer Expectations.
UK - 15:00 - FOMC Member Yellen Speaks.

EU - Europe wide
FR - France
UK - United Kingdom
US - United States
GE - Germany


The week ahead.
Last week, world stock markets crumbled under the relentless barrage of bad news. Markets were left staring into the abyss as the global sell off continues. All eyes were on the wider S&P 500, which unlike the Dow Jones, managed to avoid breaching the lows of 2008. There is a huge fear that a technical breach of this level could result in a cascade of selling. After all, what is there left for world governments to do? They have already started printing money, and some like the UK government are taking on record levels of debt.

Investors were evidently purging any potential risk in their portfolio, and turning to the perceived safe haven of gold, which touched the underside of $1,000 on Friday.

Sterling was largely unmoved by the announcement that national debt is set to rise to 47.8% of GDP, the highest level since the 1970s. More worrying were the reports which estimated that the addition of the part nationalised banks to the government’s accounts, could see the debt to GDP ratio shoot up to 100%. Although this figure is alarming, it has largely been priced in by market participants. Businesses and individuals have been earning less money, and as a consequence, tax receipts have plummeted. At the same time there are increasing demands on the state such as the rising unemployment benefit claims.
Still, the UK economy isn’t bankrupt yet.... Credit default swaps show that the risk of the UK defaulting on its debt has shot up over the last year, but even so these risk levels are still below troubled economies such as Ireland, Spain and Greece. It remains to be seen if the chance of further bank bailouts have been fully priced in yet. That is of course, assuming that the government could afford to nationalise a bank like HSBC if it wanted to. After the various collapses over the last year, HSBC is actually now one of the largest banks in the world. HSBC fell 9% on the week on speculation that it may have to raise more than $15bn to cover write downs and exposure to Eastern Europe.
Oil and Financials, the FTSE’s two biggest sectors, pulled the benchmark index down while other sectors fared little better. Oil prices are going nowhere, while the outlook for the global economy remains bleak, and the financial sector is still hemorrhaging bad news.
There was little to cheer from the US after yet more economic data caused analysts to utter the familiar words “record” and “low”. Housing starts hit their lowest level since records began in 1959, and industrial production dropped 10% below the same period last year.

A revealing Washington Post article showed just how efficient markets can be sometimes. The article outlines the lead up to the Geithner announcement, and reveals that the big stimulus plan was rehashed at the last minute, leaving Geithner little choice but to go on air and offer vague outlines. At every stage of the crisis, time appears to be a luxury that officials just don’t have. They have to tread carefully between trying to do the right thing, and just trying anything to stop the financial world collapsing.
In the US, Automakers GM and Chryslers are still battling to avoid oblivion. The US Automaker industry is hanging by a thread. Further support is required to turn the sector back around, but this is far from being a dead certificate. Legacy costs from benefit support are now crippling the likes of the GM. It is ironic that the great US economy is in danger of losing a key industry, in part due to lavish benefits negotiated for union workers.

It is also worth noting that like many firms across the world that have gone to the wall, such as Woolworths in the UK, US Automakers were in trouble before the crisis broke. This global recession, like all recessions is exposing the weak businesses for what they really are. It remains to be seen if the remaining companies have enough strength to carry the world economy through this crisis.

The coming week’s highlights include Ben Bernanke testifying on Tuesday and Wednesday. US New home sales are released on Wednesday and existing home sales on Thursday. With no sign of an end to the housing slump in sight yet and so much riding on the market price of mortgage backed securities, these announcements will be followed with keen interest next week.

Gold has hit the headlines after breaching the $1,000 mark for the first time since last March. When this happened last time, the price pushed around 3% higher, before reversing back over the rest of the year. If the S&P 500 can manage to hold above the 752 level as it did on Friday, Gold’s onward march may be stifled in the short term.

A No Touch trade predicting that Gold/USD won"t touch 1050 at any time during the next 40 days could return 108% at BetOnMarkets.
 
Please find below the Morning Report from David Evans, market analyst at BetOnMarkets.com

The FTSE is currently indicating a lower opening, as concerns over the upcoming release of the UK GDP numbers intensifies. Analysts are expecting that the numbers which are released on Wednesday will show that the UK economy fell by almost 2%. However there is real concern that with all the negative economic data, the number will be way worse. Traders are currently selling off their profitable positions, which is why the FTSE will probably spend the day in negative territory.

Crude oil fell for a third day on speculation that U.S. stockpiles increased for the 19th week in 22 as the global recession saps fuel demand. Of an interesting note the high inventories at Cushing have depressed the West Texas price so that Brent crude oil traded in London is at a premium to the U.S. grade. Brent is selling more than $2 a barrel higher than WTI. We expect prices to keep falling until the release of the inventory numbers on Wednesday.

Predicted opens as of 06:00 GMT
FTSE: 3787.2 (-61.1)
CAC40 2687.40 (-40.90)
DAX30 3886.6 (-47.9)
DOW: 7146 (+27)
SP500 749.53 (+2.00)
Gold: 986.40 (-9.35)
Oil: 37.99 (-0.44)



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
 
Please find below the Morning Report from David Evans, market analyst at BetOnMarkets.com

The FTSE is currently indicating a higher opening, as traders are analyzing to see if the presidential address given in the states will have a positive affect on the UK equities. This morning we will get a look at how the UK economy is doing, when the GDP numbers are released. Analysts are expecting a contraction of 1.6%. Should the GDP come out worse then expected, the FTSE is going to spend the day in the red.

Crude oil is trading near the 39 dollar mark after gaining for the first time in three days as the U.S. stock market advanced. Raising expectations that fuel use in the world's biggest energy-consuming country may recover. Oil will probably range trade until the energy department will release the inventory numbers.

Predicted opens as of 06:00 GMT
FTSE: 3842 (+27.5)
CAC40 2739.90 (+34.90)
DAX30 3927.5 (+22.00)
DOW: 7268 (-74)
SP500 764.03 (-5.50)
Gold: 964.75 (-2.55)
Oil: 39.59 (-0.25)




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
 
Please find below the Morning Report from David Evans, market analyst at BetOnMarkets.com

The FTSE is currently indicating a higher opening, as traders are excited regarding the buying trend which started in Australia and has continued into Asia and Europe. While there is no data being released in UK this morning, there will be plenty in Europe which could influence the FTSE. Germanys employment figures could move the markets should they come out worse then expected.

Oil prices are trading above the 42 dollars per barrel mark, after a government inventory report showed U.S. gasoline supplies fell as lower fuel prices led to increased demand.
January and February are usually maintenance months, and some companies are keeping the plants shut down longer due to the oversupply. Look for more traders to close out their short contracts this morning, pushing the price closer to the 45 dollars per barrel mark.

Predicted opens as of 06:00 GMT
FTSE: 3865.7 (+19.2)
CAC40 2710.10 (+13.30)
DAX30 3861.5 (+17.00)
DOW: 7244 (-18)
SP500 762.53 (0)
Gold: 947.65 (-1.00)
Oil: 42.60 (+0.17)


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
 
Please find below the Morning Report from David Evans, market analyst at BetOnMarkets.com

The FTSE is currently indicating a lower opening, as traders are worried that the latest UK consumer confidence numbers will start another bout of equity sell-offs. Early this morning the latest reading of the consumer confidence index showed a -35. The FTSE will probably finish the week in the red.

Oil bulls were dealt a heavy blow this morning after Japans manufacturers cut production by a record amount, sparking another round of fears that the global recession is getting worse. Oil gave back some of this weeks gain to 14 percent after the news. Crude oil should finish the week under the 45 dollars per barrel mark.

Predicted opens as of 06:00 GMT
FTSE: 3842.1 (-70.9)
CAC40 2688.90 (-49.60)
DAX30 3882.8 (-42.7)
DOW: 7201 (+19)
SP500 754.08 (+1.75)
Gold: 939.15 (-3.15)
Oil: 44.54 (-0.65)


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
 
Please find below the Morning Report from David Evans, market analyst at BetOnMarkets.com

The FTSE is currently indicating a very weak open, as traders are spooked by the horrible GBP Hometrack Housing numbers. The FTSE might get some before this morning as the UK Net Consumer Credit numbers will be released. Should the numbers show that banks are starting to lend again, this could be excellent news for this economy.

Crude oil is down for a second day on signs that the global recession will close more factories and cause increased job losses in the U.S. in the coming months, limiting fuel demand. The ISM factory index which is released today, will probably be below 50 again, pointing to another contraction. Oil is probably going to head back to towards the 40 dollar level.

Predicted opens as of 06:00 GMT
FTSE: 3751.00 (-78.5)
CAC40 2648.40 (-49.90)
DAX30 3774.1 (-68.9)
DOW: 6969 (-97)
SP500 722.83 (+10.50)
Gold: 951.60 (+12.25)
Oil: 43.74 (-0.85)


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
 
Please find below the Morning Report from David Evans, market analyst at BetOnMarkets.com

The FTSE is currently indicating a stronger opening, as traders are hoping that this mornings better then expected consumer confidence report will set off a buying spree. Later this morning the UK purchasing managers index will be released, should that come out better then expected as well, the FTSE should enjoy a very nice boost.
Crude Oil is down this morning, retracing some of yesterdays gains on signs a worsening global economy will curtail fuel use as supplies rise. Oil fell with equities after U.S. Federal Reserve Chairman Ben S. Bernanke hinted that another bailout might be needed in order to jumpstart this credit starved economy. Oil prices are going to be very sensitive to the release of the inventory numbers due out towards the end of the day.


Predicted opens as of 06:00 GMT
FTSE: 3543.6 (+49.8)
CAC40 2556.80 (+6.00)
DAX30 3714.4 (+9.90)
DOW: 6738 (+22)
SP500 697.33 (+7.50)
Gold: 910.75 (-4.05)
Oil: 41.45 (-0.17)



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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