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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Apr 28, 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 very weak open, as traders worry that the economy is not showing any signs of a bottom. Concern are especially elevated with the US GDP numbers due out on Wednesday of this week. Analysts are expecting for the US economy to contract by almost 5% for the first quarter. The FTSE is likely to start the day in the red.

    Crude oil fell for a second day on concern that the swine-flu outbreak will curtail travel, delaying a recovery from the global recession. Oil declined as the World Health Organization raised its global pandemic alert to the highest since 2005. Slowdown in demand might cause another stockpile of inventory which will show up next week. Look for oil prices to dip lower.

    Predicted opens as of 06:00 GMT
    FTSE: 4131.6 (-30.2)
    CAC40 3065.90 (-31.90)
    DAX30 4651.4 (-51.1)
    DOW: 8003 (-21)
    SP500 853.83 (-6.00)
    Gold: 899.70 (-7.10)
    Oil: 49.56 (-0.50)
    Contacts:


    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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