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The FTSE currently indicates a lower opening, brining the 2 day rally to an end. While some investors might attribute the lower opening to profit taking, others are worried that the sagging corporate profits will overshadow the bailout. Currently the FTSE is indicating an opening down by 2 percent.

Oil has tracked movements in equity markets this month, as the credit crisis deepened. Oil traders will have a full plate tomorrow as they await the release of the inventory supplies data. There is a strong possibility that oil will touch the 75 dollar per barrel level before stabilizing.  

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The FTSE currently indicates a slightly higher opening, after the Bank of England, the EBC and FOMC all cut their lending interest rates yesterday. Rumors are circulating that because the BOEs next meeting is not scheduled until November, there might be another rate cut soon.
There is a strong chance that the FTSE will end up in the red at some point during todays trading day.

Oil fell for a second day as the global economic crisis curbed demand also hurting the price of oil was the U.S. government report of a bigger-than-expected gain in crude and gasoline inventories. With the strengthening of the US dollar, there is a good chance that oil prices will test the 85 dollars per barrel mark before the end of the week.

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The FTSE is currently indicating a higher opening, as traders look through yesterdays wreckage for possible investment opportunities. The equities market might get another boost before the opening, as analysts expect that the UK industrial production numbers will come out better then expected. We are looking for a big pop at the open.

Commodities have been taken and beaten up, yet again, as traders keep buying the US dollar. Oil found itself trading below the 90 dollar per barrel level yesterday and it seems like the trend will continue lower until OPEC cuts output. The only winner yesterday was gold, which finds itself the investment of choice, while the equity markets flirts with disaster.

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The FTSE is currently indicating a higher opening, as rumors intensify that another bailout bill will be introduced in congress today. The rumor was the main reason for the huge recoveries that were enjoyed by equity markets around the world. This recovery was anticipated, as historically meltdowns on Wall Street often attracted bargain hunters. Not all the news yesterday was positive, as the credit market has shown no sign of relief despite the possible bailout rumors being circulated. A key rate that banks charge to lend to one another shot higher, a tightening of the availability of credit that could cascade through the economy. We expect the FTSE to spend most of the morning in positive territory.

Oil traders spent the last few days at the mercy of the rumors, however today it regained most of the 10 dollars per barrel it shed on Monday as rumors of the bailout bill being reintroduced broke out yesterday. Oil has spent the last few weeks in the range between 90 and 110 dollars per barrel and there is little to show that the trend will change anytime soon.

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The FTSE is currently indicating a higher opening, as traders are signaling their approval over the nationalization of Bradford and Bingley. Over the weekend the government and the biggest landlord tried to arrange a sale, however when no bidder came up, the government was forced to step in to protect the deposit holders. This should give the FTSE the boost it needs to start the week of on the positive foot.

Commodities are in for a volatile day, as details of the bailout package get finalized in congress and are due to be passed at any moment. Since the bill will have a negative effect on the US dollar, oil and gold will be the biggest beneficiaries from the bailout.

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