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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Mar 10, 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 waiting for the release of the UK Industrial Production numbers. Analysts are hoping that the numbers will show an improvement in the economy. Should the analyst be right, look for the FTSE to get a nice boost.
    Crude oil climbed for a third day after Saudi Arabia told Asian refiners that it will reduce supplies next month and on speculation that OPEC output cuts led to a decline in U.S. inventories which are released on Wednesday. Oil prices are likely to flirt with the 50 dollar level.

    Predicted opens as of 06:00 GMT
    FTSE: 3487.2 (-54.8)
    CAC40 2488.90 (-26.10)
    DAX30 3654.5 (-33.00)
    DOW: 6527 (-1)
    SP500 675.48 (-0.50)
    Gold: 917.00 (-4.35)
    Oil: 47.18 (+0.01)



    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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