The FTSE is currently indicating a flat open, as traders are waiting for the
release of the UK retail sales numbers. Some analysts are worried that
consumers have cut back their spending, which has a negative effect on the
economic recovery. The FTSE will likely open lower this morning, following
in a sell-off in Japan. Crude oil rose is trading around the 71 dollars per
barrel level after militants claimed they destroyed a Royal Dutch Shell Plc
pipeline in Nigeria, Africa??s largest oil producer, and as U.S. stockpiles
declined. Oil prices are likely to continue to trade in a 5 dollar range for
the rest of the week. It seems like the Euro/Jpy has put in a floor around
the 133.00 level, a 13 day no touch on the Euro/Jpy with a trigger at 126.00
pays 9% ROI.
Predicted opens as of 06:00 GMT
FTSE: 4280.2 (+7.7)
CAC40 3161.1 (+3.3)
DAX30 4805.1 (+4.1)
DOW: 8504 (+7)
SP500 911.43 (+2.25)
Gold: 939.90 (+3.00)
Oil: 70.96 (-0.07)
Morning Report from David Evans, market analyst at www.BetOnMarkets.com
