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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Feb 27, 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 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.

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