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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Apr 6, 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 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.

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