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

The FTSE is currently indicating a slightly higher opening, while the market awaits the testimony of Mr.Bernanke before the US senate committee. While this is US news, its repercussions will have no borders. Look for volatility to pick up towards the end of the trading day.

Oil demand dropped to its lowest point in 5 years and yet it had no effect on the prices of oil. The culprit is the US dollar, which has been beaten up ever since the bailout has been made public. Look for the price of oil to stabilize over the next few days and possibly finish the week near the 110 dollars per barrel level.

Predicted opens as of 06:00 GMT
FTSE: 5105.9 (+8.10)
CAC: 4112.5 (-1.5)
DAX 6041.1 (-9.4)
DOW: 10852 (-9)
S&P 500: 1190.40 (-0.63)
Gold: 886.75 (+0.95)
Oil: 105.83 (+0.09)

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.