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

The FTSE is currently indicates a lower open as traders await the release economic data regarding the state of the UK banking sector. Economists are wondering how well this sector is doing, especially the mortgage industry. An increase in approved loans could signal that the banking industry is once again ready to lend money to the public.

Oil should be front and center as Hurricane Gustav makes landfall around the time London closes for the day. There are rumors that Hurricane Gustav is going to hit the oil producing area of the Gulf of Mexico. This could result in the price of oil retesting the record price set earlier this year.

Predicted opens as of 06:00 GMT
FTSE: 5591.8 (-38)
CAC40 4459.9 (-19.1)
DAX30 6387.3 (-29.2)
DOW: 11525(-24)
SP500 1280.03 (-3)
Gold: 831.2 (+0.70)
Oil: 116.43 (+0.84)

Contacts:

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

BetOnMarkets.com is the worlds 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.