BetOnMarkets

Please find below the Morning Report from David Evans, market analyst at BetOnMarkets.com

The FTSE is currently indicating a higher opening, as traders seem enthusiastic about economy after better then expected Rightmove house prices. Some traders are excited about Tuesdays CPI numbers, as rumors indicate that the data will be better then expected. It is Martin Luther King Day in US; as a result all banks and exchanges are closed. The FTSE will probably start the week in positive territory.

Crude oil fell after the latest forecast showed that faltering global economic growth will drive down fuel demand for a second year. As a result OPEC will probably introduce another round of production cuts at the March 15th meeting. The goal for the organization is to keep oil above the 60 dollar per barrel level. Oil will most likely stay under the 42 dollar level until the next inventory announcement on Thursday this week due to the Monday holiday.

Predicted opens as of 06:00 GMT
FTSE: 4206.1 (+63.6)
CAC40 3040.70 (+26.90)
DAX30 4398.2 (+29.9)
DOW: 8361 (+94)
SP500 859.23 (+7.00)
Gold: 837.35 (-4.45)
Oil: 42.16 (-0.27)

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 GBP1 to GBP25,000.

BetOnMarkets.com

Please find below the Morning Report from David Evans, market analyst at BetOnMarkets.com

The FTSE is currently indicating a higher opening, continuing a rally that started in this morning in Asia. While there is no UK economic news today, there will be plenty from the North American side of the ocean to keep things interesting. We will get a glimpse at the US inflation numbers with the release of the CPI report at 13.30GMT and consumer confidence at 15.00 GMT. The FTSE will more then likely close out the week on a positive note.

Oil is set for the biggest weekly decline in a month, after OPEC announced that demand will drop this year amid a global recession. The organization cut its global demand estimate by another 20,000 barrels per day. The March futures contract is trading at 43.21 per barrel, there is a chance that oil will end the day closer to the 40 dollar level.

Predicted opens as of 06:00 GMT
FTSE: 4183 (+71.2)
CAC40 3047.60 (+52.30)
DAX30 4413.7 (+89.2)
DOW: 8259 (+46)
SP500 847.73 (+4.50)
Gold: 819.75 (+1.45)
Oil: 43.19 (+7.78)

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 GBP1 to GBP25,000.

BetOnMarkets.com

Please find below the Morning Report from David Evans, market analyst at BetOnMarkets.com

The FTSE is currently indicating a slightly lower opening, as traders have no UK economic data to help them move the market. In Europe on the other hand, traders will be all ears when the ECB announces its latest interest rate decision. Analysts are expecting a 50 basis point cut; however it would not surprise me if the ECB cut an extra 25 basis points to help stimulate the stagnant economy. An interest rate cut usually benefits the equity markets so look for a nice jump in the European markets today.

Oil tumbled yesterday after a government report showed slowing demand sent U.S. stockpiles soaring to a 16-month high. Fuel demand fell 6 percent, the largest one-week decline in almost five years, as the Federal Reserve reported the U.S. economy weakened further in the past month. Oil prices should stabilize around the 35 dollars per barrel level for the near term.


Predicted opens as of 06:00 GMT
FTSE: 4156.3 (-19.2)
CAC40 3030.50 (-18.80)
DAX30 4407.2 (-18.3)
DOW: 8154 (-43)
SP500 834.98 (-7.50)
Gold: 809.15 (-3.20)
Oil: 36.54 (-0.70)

BetOnMarkets.com is the worlds leading fixed odds financial trading website. Since inception in 2000 it has processed over 21 million trades on financial indices, UK and US equities, gold and currencies. Over 130,000 clients have the ability to place trades from GBP1 to GBP25,000.

BetOnMarkets.com

Please find below the Morning Report from David Evans, market analyst at BetOnMarkets.com

The FTSE is currently indicating a lower opening as traders wait for the release of the trade balance numbers. Because the UK economy is trade driven, Trade data can give critical insight into developments in the economy and into foreign exchange rates. The FTSE will be highly sensitive to the numbers especially the retail sector.
 
Crude oil fell for a sixth day in New York, extending yesterday's 7.9 percent slump on speculation oil inventories last week increased as demand declined. Saudi Arabian Oil Co., the world's biggest state oil company, sent notices to refiners in Asia on Jan. 9 that it would lower crude supplies to the region by about 10 percent in February. This is another attempt to help slow down the slide of oil prices by cutting supplies.  

Predicted opens as of 06:00 GMT
FTSE: 4398.2 (-31.3)
CAC40 3228.70 (-14.30)
DAX30 4704.1 (-16.2)
DOW: 8522 (+56)
SP500 875.48 (+4.00)
Gold: 825.60 (+6.25)
Oil: 37.06 (-0.50)

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 GBP1 to GBP25,000.

BetOnMarkets.com

The FTSE is currently indicating a higher opening, as traders hope to finish the year on a positive note. With no economical data releases today, we are likely to see trading limited to a small range. It is very likely that the FTSE will end this memorable year on a positive note.

Oil which is currently trading around the 39 dollars per barrel level, heading for a record annual drop, on speculation that U.S. fuel stockpiles are increasing as the recession cuts demand. While OPEC has announced that they will be cutting supplies aggressively, traders are taking the wait and see approach. The price of oil will probably stay in a tight range today.

BetOnMarkets.com