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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Feb 26, 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 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.


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