BetOnMarkets Market Reports

[Erik]

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.



BetOnMarkets.com

 

[Erik]

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.

BetOnMarkets.com

 

[Erik]

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.

BetOnMarkets.com

 

[Erik]

Please find below the Afternoon Report from David Evans, market analyst
at BetOnMarkets.com

After a week of gains, markets across the world have hit reverse gear in
the final trading session of the week. At current levels, it still looks
as though it will be a positive week for equities which is encouraging
considering the fact that the economic news flow continues to be bleak.

Ironically it is the financial sector that is providing some stability
within the FTSE today with the momentum still behind a resurgent
Barclays. Lloyds is up around 9% while HSBC and RBS are largely
unchanged on the day. It is commodities that weighing most heavily on
markets today with oil dropping around $1.50, erasing most of the gains
made earlier in the week.

Aside from economic factors, President Obama's fuel efficiency plans
appear to have hit crude and gasoline prices. Amongst other things,
Obama has set a minimum requirement of 30.2 miles per gallon for
passenger cars. The annual vehicle distance travelled by US drivers was
increasing at an almost parabolic rate until 2008 when the total vehicle
miles travelled dropped by 3.7% year on year. A continuation of this
trend and government support for great fuel efficiency could put further
pressure on crude's nascent recovery.

On the currency markets, the euro has been punished against the yen,
dollar and even the pound as fears over the European economy intensify.
Rumours of the ECB planning to follow the MPC and FOMC in quantitative
easing have also hit the currency.

BetOnMarkets.com is the world's 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


BetOnMarkets.com

 

[Erik]

Please find below the Morning Report from David Evans, market analyst at BetOnMarkets.com

The FTSE is currently indicating a very weak open, as the sell off that started in Asia continues. Traders are worried that the anticipated recovery might take longer then first expected. While recently there has been plenty of economic news to help the cause for the bulls, some are concerned that this is the classic bear market bounce. The FTSE is more then likely going to open the week on a weak note.

Crude oil is down on speculation that the global stockpiles will increase as the world economy remains in recession. Japan which is the world's third-largest oil consumer, had its factory output drop for a fifth month in January, and analysts are concerned that the demand is falling faster then expected. Oil prices are at risk to fall back below the 50 dollars per barrel level.


Predicted opens as of 06:00 GMT
FTSE: 3836.6 (-57.2)
CAC40 2776.30 (-59.00)
DAX30 4149.8 (-44.2)
DOW: 7705 (-73)
SP500 806.73 (-12.25)
Gold: 923.45 (+0.10)
Oil: 51.22 (-1.13)


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 25000 GBP.

BetOnMarkets.com

 

[Erik]

Please find below the Morning Report from David Evans, market analyst at BetOnMarkets.com

The FTSE is currently indicating lower opening, as traders are waiting for the release of the UK Purchasing managers index. Analysts are hoping that the index will show if the economy is about to turn things around or there is more contraction ahead. The FTSE is likely to spend the rest of the day in the red.
Oil fell below $49 a barrel on the first day of April, after capping its biggest monthly in almost a year, on speculation that the Department of Energy report today will show U.S. inventories rose from the highest level in more than 15 years as fuel demand slows. Oil prices are at risk to test the 45 dollars per barrel mark.

Predicted opens as of 06:00 GMT
FTSE: 3883.5 (-37.8)
CAC40 2783.90 (-20.90)
DAX30 4062.0 (-28.5)
DOW: 7505 (-81)
SP500 786.18 (-8.75)
Gold: 919.60 (+0.65)
Oil: 48.41 (-1.19)


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

 

[Erik]

Thu Apr 2 06:40:35 2009

Please find below the Morning Report from David Evans, market analyst at BetOnMarkets.com

The FTSE is currently indicating a higher opening, as traders are excited about news that U.S. Treasury Secretary Timothy Geithner said global economies are showing traction amid widening stimulus efforts. Before the opening bell we will get the UK Nationwide house prices, which could push the FTSE even higher should they come out better then expected.
Crude oil prices rose on optimism that the worst of the global economic recession may be over, improving the outlook for fuel demand. While some are concerned that the US economy shed almost 750,000 jobs in March, most traders are hoping that better then expected ISM numbers are a sign that the economy is about to turn around. Oil prices are likely to test the 50 dollars per barrel level.

Predicted opens as of 06:00 GMT
FTSE: 4031.9 (+73.4)
CAC40 2904.80 (+69)
DAX30 4198.8 (+72)
DOW: 7870 (+119)
SP500 824.98 (+12.25)
Gold: 927.50 (+1.50)
Oil: 48.93 (+0.64)


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

 

[Erik]

Please find below the Morning Report from David Evans, market analyst at BetOnMarkets.com

The FTSE is currently indicating a flat open, as traders are waiting for the US non farm payroll report to decide where the market is heading. The report which does not come out until 12.30GMT will show the total number of jobs shed by the US economy during the month of March. Since most analysts are counting on the rebound of the US economy to help the rest of the world, the FTSE levels will depend on what the NFP report shows.
Crude oil is down this morning trading around the 52 dollars per barrel level as the commodity faced profit taking and news that the IEA is likely to cut its forecast for global energy demands on declining economic growth projections. Oil prices are likely to be very sensitive to the Non Farm Payroll which is released at 12.30GMT.

Predicted opens as of 06:00 GMT
FTSE: 4113.1 (-3.2)
CAC40 2973.10 (-17.70)
DAX30 4356.1 (-20.4)
DOW: 7990 (+24)
SP500 837.98 (-1.25)
Gold: 904.65 (+1.10)
Oil: 51.84 (-0.75)


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

 

[Erik]

Please find below the Afternoon Report from David Evans, market analyst
at BetOnMarkets.com

Equity markets look set to end what has generally been a positive week
with a whimper. US markets are down around 1%, which in the context of
recent volatility is really not much to write home about. Recently, US
markets have had an average trading range of 2% per day, which is
actually down on the recent peak of 4% per day on average. In volatility
terms, things seem to be quietening and this is usually a positive for
equities which loath the unknown more than bad news. When the economic
data becomes more predictable, markets can move to price in bad news, as
appears to have happened today.

Although markets are down today, the sell off is not what one would
automatically expect from the release of the highest US unemployment
numbers for 25 years. Wednesday's ADP job numbers gave traders a
reasonable steer on today's data so traders weren't entirely shocked by
the announcement. Today's job numbers were very weak though, there's no
getting away from that. What is most concerning is acceleration in
unemployment. Anecdotally many people across the world have been saying
the saying the same thing --the shocking thing about this global
recession is how quickly things have developed to point of near
depression levels. In the US 5.1 million jobs have been lost since the
recession started, but two thirds of these happened in the last 5
months. It would seem that this has been a similar pattern across the
world. With yesterday's agreement from the G20 to inject huge sums of
cash into the global economy, world governments are hoping to stem the
speed of the collapse at the very least.

On currency markets today, the pound has been one of the strongest
currencies, pushing higher against the euro and the dollar despite data
from the Halifax which stated that house prices actually dropped last
month.

RBS and Barclays are helping push financials higher today while
defensive stocks such as Astrazeneca, Tesco and Sainsburys are out of
favour a bearing the brunt of the selling.


BetOnMarkets.com is the world's 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

 

[Erik]

Please find below the Morning Report from David Evans, market analyst at BetOnMarkets.com

The FTSE is currently indicating a stronger open, as traders are feeling very enthusiastic after HSBC rights offer was 97% sold out. The biggest ever offering raised 17.7 billion dollars to shore up its capital after the company lost more then 15 billion dollars last year. The fact that the rights offer was almost sold out, is a big sign that investors are putting their money back into the equities market.
Crude oil continues to push higher on speculations that the global economic stimulus efforts and production cuts by OPEC may slow growth in world stockpiles of the fuel. Reports that the OPEC quota cuts that were imposed in December are being complied with, helped push oil above the 53 dollar per barrel mark. Oil prices are likely to test the 55 dollar level by the end of the week.

Predicted opens as of 06:00 GMT
FTSE: 4096.1 (+67.6)
CAC40 3012.70 (+58.40)
DAX30 4460.9 (+83.4)
DOW: 8094 (+79)
SP500 850.98 (+6.75)
Gold: 877.45 (-14.35)
Oil: 53.25 (+0.79)


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