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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Mar 2, 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 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.


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