The FTSE is currently indicating a slightly higher opening, as traders wait
for the release of the UK CPI numbers. Analysts are actually expecting a
negative number for November, which could mean the start of a deflationary
period. We do not expect there to be too much volume today as everyone will
be waiting for tomorrow when the latest BOE minutes are released. Oil fell
more then 3.8 percent yesterday, on concern that a potential OPEC output cut
may not overcome falling demand for fuels amid recessions in the U.S., Japan
and Europe. OPEC is set to announce its decision on the 17th of the
December. The price of oil should stick around the 45 dollars per barrel
mark until then.
Predicted opens as of 06:00 GMT
FTSE: 4281.1 (+11.8)
CAC40 3195.40 (+11.40)
DAX30 4674.7 (+17.7)
DOW: 8591(+19)
SP500 871.38 (-2.00)
Gold: 834.40 (+0.30)
Oil: 44.39 (-0.07)
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