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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Apr 2, 2009.

  1. Erik

    Erik BetOnMarkets Representative

    Jul 23, 2008
    Likes Received:
    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.


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