BetOnMarkets Morning Report

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

The FTSE is currently indicating a lower opening, as traders are preparing for the release of the UK Consumer Price Index. Everyone is hoping that the inflation index will show that the average consumer is now getting more bang for their buck, analysts are expecting a drop of 0.9%. Should the number come out better then expected, the FTSE should get a nice boost.

Oil prices fell yesterday as slowing world demand, reduced tension in the Middle East and settlement of Russia's gas dispute with Ukraine has reduced some risk of uncertainty from the market. Some analysts are talking about oil jumping back into the 65 dollars per barrel level later this year, mainly on reduced output by OPEC and other producing countries. In the mean time, oil is probably going to dip into the 38 dollars per barrel level.

Predicted opens as of 06:00 GMT
FTSE: 4096.7 (-12.80)
CAC40 2979.70 (-7.80)
DAX30 423.60 (-14.70)
DOW: 8191.00 (-38)
SP500 840.23 (-2.50)
Gold: 830.78 (-6.90)
Oil: 40.52 (-0.31)

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