BetOnMarkets Morning report

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 open, as traders wait for the release of the UK Consumer Price Index. Analysts are worried that a hotter then expected inflation could put another strain on an already beaten up consumer. The FTSE could get a nice boost if the numbers come lower then expected.
Oil continues to trade at its highest levels in almost four months as a weaker dollar spurred demand for a hedge against inflation and on speculation that an economic slump wont worsen. Traders are starting to buy long contracts hoping that the latest economic data is not just an aberration. Oil prices could test the 55 dollar per barrel level before the end of the week.

Predicted opens as of 06:00 GMT
FTSE: 3974 (+19.5)
CAC40 2901.20 (+38.40)
DAX30 4212.1 (+33.3)
DOW: 7731 (-46)
SP500 817.48 (-4.00)
Gold: 943.55 (+6.90)
Oil: 53.56 (-0.28)


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