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

The FTSE currently indicates a flat open, as yet again traders will be looking towards the US economy for guidance of the equity market. Today the US department of commerce will be releasing the US 2nd quarter GDP numbers. Economists are expecting a growth of 1%. If the numbers stay positive, this will be a clear indication that the economy is on the verge of recovery.

Oil has been benefiting from the hurricane season. As the black gold has gained 3 dollars in the last week since the news that hurricane Gustav has forced New Orleans to start making evacuation plans. If the GDP number comes out better then expected, look for the price of oil to spike north of 120 dollars per barrel.

Predicted opens as of 06:00 GMT
FTSE: 5535.6 (+5.8)
CAC: 4379.1 (+9.8)
DAX 6316.7 (+4.9)
DOW: 11479(-17)
S&P 500: 1279.53 (-3)
Gold: 833.45 (+5.85)
Oil: 118.73 (+0.70)

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.