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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Feb 25, 2009.

  1. Erik

    Erik BetOnMarkets Representative

    Jul 23, 2008
    Likes Received:
    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.


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