Please find below the Morning Report from David Evans, market analyst at www.BetOnMarkets.com
The FTSE is currently indicating a flat open as traders are waiting for the
release of the Euro-Zone GDP before deciding whether to put more money into
the market. While most countries had better then expected GDP numbers,
analysts are worried that the Euro-Zone will be the exception. The opening
price for the FTSE will greatly depend on the numbers.
Crude oil suffered a case of profit taking as traders locked in their recent
profits after prices reached a seven- month high yesterday when investors
sought commodities as a hedge against inflation. Oil prices are likely to
range trade until the release of the inventory numbers by the Department of
Energy.
With the equity markets in rally mode, a 7 day bull bet on the FTSE with the
trigger at 4400 pays 31% ROI.
Predicted opens as of 06:00 GMT
FTSE: 4466.8 (+10.8)
CAC40 3368.4 (-5.4)
DAX30 5135.0 (-7.5)
DOW: 8718 (-20)
SP500 941.93 (-2.00)
Gold: 984.25 (+4.55)
Oil: 68.43 (-0.10)
