The FTSE is currently indicating a very strong opening, as traders are giving
their approval to the stimulus plans unveiled over the weekend in US. On the
UK front, traders are waiting for the release of the Producer Price Index
which should give us a hint over how the manufacturing sector is dealing
with inflation. Barring some last minute surprises the FTSE should start
Monday of with a bang.
Oil should get a boost this morning, as OPEC has been spreading the word that
they are going to cut a considerable amount from the daily out put quota.
This should stabilize prices around the 45 dollars per barrel level, as the
demand for oil continues to sag.
Predicted opens as of 06:00 GMT
FTSE: 4218.9 (+202.4)
CAC40 3163.50 (+176.70)
DAX30 4562.50 (+205.70)
DOW: 8742 (+94)
SP500 8888.18 (+16.50)
Gold: 765.10 (+8.20)
Oil: 42.51 (+1.53)
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