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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Apr 16, 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 currently indicates a strong open, as traders are hoping that the rally that started in Asia will continue. The Asian markets rallied this morning mainly due to merger talk, which is a good sign that the credit market is starting to work again. The FTSE is likely to open in the green.
    Crude oil rose for the first time in a week as equities in the U.S., the world's biggest oil user, rallied and the Federal Reserve said some of the country's biggest regional economies slowed the pace of their decline. Traders are hoping that to catch the bottom of the recession, and hoping that a slowing decline is a sign that the recovery is around the corner. Look for oil prices to test the 51 dollars per barrel mark.

    Predicted opens as of 06:00 GMT
    FTSE: 4007.5 (+37.5)
    CAC40 3022.70 (+39.40)
    DAX30 4609.9 (+76.40)
    DOW: 8050 (+22)
    SP500 853.48 (+1.50)
    Gold: 889.45 (-1.00)
    Oil: 49.91 (+0.68)


    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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