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 27, 2009.

  1. Erik

    Erik BetOnMarkets Representative

    Jul 23, 2008
    Likes Received:
    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 GDP numbers. Analysts are expecting for the UK economy to contract by 1.5% for the 3 months ending December 31st which would match the previous quarter. It seems like traders might have priced in a worse number, which could result in a nice pop for the FTSE if the GDP comes out as expected
    Crude oil is trading around the 54 dollars per barrel level, and is likely to make it six week of gains, as rising equity markets boosted confidence that demand for fuels will increase. There are strong rumors that hedge funds are coming back into the market, not wanting to fall too far behind the funds which bought oil around the 40 dollar mark.

    Predicted opens as of 06:00 GMT
    FTSE: 3928.5 (+7.5)
    CAC40 2897.90 (+9.60)
    DAX30 4262.4 (+8.9)
    DOW: 7868 (-45)
    SP500 826.98 (-4.00)
    Gold: 932.75 (-2.00)
    Oil: 53.85 (-0.48)

    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.


Share This Page