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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Mar 18, 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 waiting for the release of the UK public finance data. A positive number indicates a deficit; as the government is spending money to jump start the sluggish economy. The FTSE is likely to spend most of the day in the green.
    Oil fell from a three-month high after U.S. inventories posted a larger-than-expected gain and refiners processed less crude. That was the highest increase since June 29, 2007. Refineries operated at lower capacity as some companies were shut down for maintenance. Oil prices will probably test the 50 dollar level, however the increasing inventory might cause a short term fall in the price of oil.

    Predicted opens as of 06:00 GMT
    FTSE: 3894.5 (+40.0)
    CAC40 2797.40 (+35.10)
    DAX30 4037.5 (+53.5)
    DOW: 7386 (-11)
    SP500 776.48 (-2.75)
    Gold: 911.48 (-4.12)
    Oil: 49.46 (-0.46)


    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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