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

The FTSE is currently indicating a sharply higher opening as traders are hoping that the minutes from the last BOE meeting will show that there will not be a rate hike in the near future. Interest rate hikes hurt equities, and if the minutes come out dovish we see the FTSE possibly adding more then 100 points today.

Commodities were again on the losing side of things, mainly due to the strength of the US dollar. All the attention will be focused on oil, especially towards the end of the day, when the US Department of Energy will be releasing its inventory numbers. There is a risk that US consumers have been really cutting back on oil purchases, and if the inventory number is higher then expected, a selloff in the price of oil will follow.

Predicted opens as of 06:00 GMT

FTSE: 5398.9 (+40.6)
CAC: 4356.6 (+29.3)
DAX 6474.8 (+33.3)
DOW: 11574 (-25)
S&P 500: 1273.78 (+0.25)
Gold: 948.13 (+1.28)
Oil: 129.06 (-0.14)

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 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.