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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Mar 26, 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 waiting for the release of the UK retail sales numbers. Analysts are expecting a contraction of 0.4% which is a shift from the positive number that was posted in January 2009. The FTSE opening price will depend greatly on what the retail sales show.
    Crude oil fell sharply after the department of energy report showed that U.S. inventories climbed to the highest since 1993 as supply cuts have yet to catch up to the falling demand. While the news pushed the price of oil down, the move was short lived as the price of oil is back to trading around the 53 dollar mark

    Predicted opens as of 06:00 GMT
    FTSE: 3903.6 (+6.6)
    CAC40 2887.80 (-0.50)
    DAX30 4203.50 (-13.0)
    DOW: 7785 (+42)
    SP500 818.48 (+6.50)
    Gold: 932.75 (-2.05)
    Oil: 53.22 (+0.49)


    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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