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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Mar 11, 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 higher opening, as traders wait for the release of the UK trade balance numbers. Analysts are hoping that the numbers will beat expectations, and which will add to the already better then expected GDP estimate numbers released earlier today. If the trade balance numbers indicate a pick up in trade, look for the FTSE to get a nice boost.
    Crude oil is trading flat after declining 2.9 percent yesterday, amid speculation a government report today will show U.S. inventories gained as demand weakened. An inventory gain today would be the 20th in 24 weeks. The Energy Department will release its weekly report at 10:30 a.m. in Washington. Should the report be in line with the speculations, look for oil prices to test the 43 dollar per barrel level.

    Predicted opens as of 06:00 GMT
    FTSE: 3736 (+26.5)
    CAC40 2680.20 (+22.70)
    DAX30 3886.7 (+7.7)
    DOW: 6920 (+24)
    SP500 721.23 (+5.00)
    Gold: 897.55 (+0.40)
    Oil: 45.69 (+0.04)



    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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