1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Mar 24, 2009.

  1. Erik

    Erik BetOnMarkets Representative

    Joined:
    Jul 23, 2008
    Messages:
    0
    Likes Received:
    0
    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)


    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.



    BetOnMarkets.com
     

Share This Page