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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Apr 1, 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 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.


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