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Thursday, January 22, 2009

BetOnMarkets Morning Report

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

The FTSE is currently indicating a higher opening, as traders are looking for value after a three day sell off. While there is no UK economic data today, there will be plenty from our neighbors from across the ocean which will more then likely affect the London Index.
The FTSE will probably spend the day in positive territory.

Crude oil gained more then 6% on speculation a bank-rescue plan by the new US president will help boost economic growth and increase fuel demand. Prices could fall on speculation that the U.S. crude-oil inventories rose last week when the inventory numbers are released at 11 a.m. today a day later than usual because of the Martin Luther King Jr. holiday on Monday.

Predicted opens as of 6:00 GMT
FTSE: 4138.3 (+73.3)
CAC40 2976.30 (+75.50)
DAX30 4355.2 (+102.20)
DOW: 8235 (+12)
SP500 842.73 (+2.75)
Gold: 852.45 (+1.10)
Oil: 43.93 (+0.42)