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

The FTSE is currently indicating a weaker opening while traders awaitthe release of the Consumer Price Index numbers for the month of June.While only a gain of 0.4% is expected, higher then normal oil priceswill push this number higher. A higher then expected CPI number willresult in a very weak open for the FTSE, as the BOE will have its handforced into raising interest rates at its next meeting. Couple thiswith the on going worry over the state of the financial system, and weare in for a very rocky trading day.
Commodities enjoyed and very profitable trading day, as oil isbenefiting from a strike in Brazil, and tension in the Middle East. Allof this has added to 145 dollars per barrel of oil. Gold is alsobenefiting from the tension in the Middle East, and traders are buyinggold to hedge against the US dollar. Some worry that US will be broughtin to another war which will put pressure on the greenback.

Predicted opens as of 06:00 GMT

FTSE: 5249.5 (-46.8)
CAC: 4092.7 (-47.6)
DAX 6129.5 (-70)
DOW: 10999 (-49)
S&P 500: 1221.58 (-5.75)
Gold: 971.85 (-1)
Oil: 145.16 (+1.23)

Contacts:

Dave Evans: 0208 977 8381/ Dave@regentmarkets.com
Michael Wright: 00 356 21316105 / Michael@regentmarkets.com

BetOnMarkets.com is the worlds leading fixed odds financial tradingwebsite. Since inception in 2000 it has processed over 15 milliontrades on financial indices, UK and US equities, gold and currencies.Over 130,000 clients have the ability to place trades from £1 to£25,000.