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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Mar 4, 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 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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