The FTSE is currently indicating a strong opening, as traders wait for the
release UK employment numbers. After seeing the US economy lose more then
half a million jobs in November, analysts will be looking to see how well
the UK economy fared. Also being released this morning are the minutes from
the last BOE meeting. The FTSE will most likely stay in the green, unless
the job loss number comes out worse then expected. Oil prices have started
to stabilize around the 45 dollar mark, while everyone waits for OPEC to
announce how much oil they are taking out of circulation. Early indications
show that OPEC is looking cut between 1.5 and 2 million barrels per day.
This move has already priced into the market, so unless there is a big
surprise prices should stick to the 45 dollar level.
Predicted opens as of 06:00 GMT
FTSE: 4366.9 (+62.1)
CAC40 3298.40 (+50.90)
DAX30 4797.2 (+79.9)
DOW: 8832 (-93)
SP500 903.53 (+9.75)
Gold: 853.95 (-1.55)
Oil: 44.40 (+0.83)
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