1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Mar 6, 2009.

  1. Erik

    Erik BetOnMarkets Representative

    Joined:
    Jul 23, 2008
    Messages:
    0
    Likes Received:
    0
    Please find below the Morning Report from David Evans, market analyst at BetOnMarkets.com

    The FTSE is currently indicating a lower opening, as traders wait for the release of the UK Producers Price Index. Analysts are going to be watching this data closely as there is concern that with the Bank of England lowering interest rates, inflation will spiral out of control. Should the number come out higher then expected, look for the FTSE to take a dip.

    Crude oil trades around the $44 a barrel after China quelled speculation of additional stimulus plans and Goldman Sachs Group Inc. said the global recession is worsening.
    Should the US employment data show any hint of a recovering economy, look for oil prices to spike up maybe testing the 50 dollars per barrel mark.


    Predicted opens as of 06:00 GMT
    FTSE: 3514.9 (-17.6)
    CAC40 2553.40 (-11.90)
    DAX30 3708.3 (+9.80)
    DOW: 6624 (+32)
    SP500 685.08 (-2.00)
    Gold: 934.00 (+3.25)
    Oil: 43.75 (+0.09)



    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.

    BetOnMarkets.com
     

Share This Page