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

The FTSE is currently indicating a higher open as traders anticipate the release of the minutes from the last meeting of the BOE. Analysts are hoping for a dovish report, which could give hope to rate cuts later this year. It seems like traders are putting their money on a dovish report, as the FTSE currently indicating a gain of 29 points.

Commodities rebounded yesterday after receiving negative US economic news concerning house prices and inflation hurting the US dollar. Gold rebounded recently after a 52 week low trading the past 7 days. Gold is now trading above the 800 dollars per ounce level, presently trading at $816. We can see some further weakness in the US dollar which should push gold closer to $850 by the end of the week.

Predicted opens as of 06:00 GMT

FTSE: 5332.5 (+29)
CAC40 4347.6 (+17.3)
DAX30 6289.9 (+16.9)
DOW: 11384(+28)
SP500 1271.13 (+3.76)
Gold: 815.9 (+4.8)
Oil: 113.85 (+0.29)

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