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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Mar 30, 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 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.

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