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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Mar 12, 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 the sell off that started in Japan is poised to continue. While there will not be any UK economic data today, traders will be watching US data for hints of a recovering global economy. Better then expected US retail sales numbers could result in a nice boost for the FTSE.
    Crude oil rose after traders closed out bets that prices would fall amid speculation OPEC may cut output for a fourth time. Investors purchased contracts to profit from so-called short sales after crude dropped 7.4 percent yesterday as U.S. inventories showed a bigger-than-expected gain. Oil could benefit from continuing profit taking, possibly testing the 45 dollars per barrel level.

    Predicted opens as of 06:00 GMT
    FTSE: 3665.2 (-26.1)
    CAC40 2635 (-36.50)
    DAX30 3877.1 (-30.90)
    DOW: 6871 (-57)
    SP500 715.73 (-5.25)
    Gold: 913.60 (+7.30)
    Oil: 42.95 (+0.49)



    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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