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 waiting for the release of the UK Industrial Production numbers. Analysts are hoping that the numbers will show an improvement in the economy. Should the analyst be right, look for the FTSE to get a nice boost.
Crude oil climbed for a third day after Saudi Arabia told Asian refiners that it will reduce supplies next month and on speculation that OPEC output cuts led to a decline in U.S. inventories which are released on Wednesday. Oil prices are likely to flirt with the 50 dollar level.
Predicted opens as of 06:00 GMT
FTSE: 3487.2 (-54.8)
CAC40 2488.90 (-26.10)
DAX30 3654.5 (-33.00)
DOW: 6527 (-1)
SP500 675.48 (-0.50)
Gold: 917.00 (-4.35)
Oil: 47.18 (+0.01)
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