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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Mar 20, 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 weaker opening, as the latest global equity rally seems to have run into some selling. Some analysts are speculating that this is just a case of profit taking, as traders are eager to book profits which is a situation they have not been in often in the last few months. The FTSE is likely to finish the last day of the week in the red.
    This will be a fifth week that oil prices has finished higher, the longest positive streak in 11 months, on the Federal Reserves plan to end the worst global recession in 60 years by spending $1 trillion buying back debt. Oil climbed above $50 a barrel yesterday to close at a three-month high after the Fed announced its intentions. Commodities were higher as the dollar weakened across the board.

    Predicted opens as of 06:00 GMT
    FTSE: 3781.7 (-45.8)
    CAC40 2742.80 (-30.50)
    DAX30 4011.4 (-28.6)
    DOW: 7352 (-37)
    SP500 777.48 (-6.37)
    Gold: 955.90 (-3.03)
    Oil: 51.39 (-0.60)


    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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