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

The FTSE is currently indicating a stronger opening, with HSBC leading the way. The HSBC stock is higher in Asian trade, after worries about the US financial system eased. Today with no economic data being released in UK, the focus will shift across the ocean, and focus on the housing start and weekly employment data from US.
Gold suffered a bout of profit taking yesterday, as traders booked profits after gold gained more then 50 dollars over the last week. Gold will resume its uptrend, as a weak dollar will be forcing traders to hedge by buying precious metals. Oil was hurt yesterday after the DOE released its inventory numbers, however with the US dollar on the defensive this morning, we expect the contract price to creep towards 140 by the end of the week.

Predicted opens as of 06:00 GMT

FTSE: 5195.65 (+49.7)
CAC: 4137 (+31.2)
DAX 6193.6 (+52.3)
DOW: 11188 (-46)
S&P 500: 1237.43 (-1.75)
Gold: 963.65 (+2.8)
Oil: 136.02 (+0.21)

Contacts:

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

BetOnMarkets.com is the world's leading fixed odds financial trading website. Since inception in 2000 it has processed over 15 million trades 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