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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Mar 25, 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 flat opening, as traders are debating how to position themselves ahead of the UK retail sales which is due out tomorrow. While analysts are expecting for the number to fall by 0.4% some are concerned that with the latest round of job losses the number will be much lower.
    Crude oil was trading around the 53 dollar level after the U.S. stock market decline has little effect on it. The SP500 fell following calls by the nations top banking officials for stronger regulation of financial firms. Traders are speculating that Energy Department report which will be released at 10.30 am EST will show a drawdown in oil inventory. Since the drop is already priced in, there is risk for a fall towards the 50 dollar level should the inventory levels not match expectations.

    Predicted opens as of 06:00 GMT
    FTSE: 3904.8 (-4.7)
    CAC40 2867.90 (-2.90)
    DAX30 4190.9 (-3.6)
    DOW: 7701 (+45)
    SP500 809.98 (+3.00)
    Gold: 928.55 (+2.95)
    Oil: 53.30 (-0.61)


    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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