The FTSE is currently indicating a flat opening, as traders are trying to
avoid being caught on the wrong side of an economic data release. While
there will not be any major news on Wednesday, Thursday brings the Bank of
England interest rate decision, should the BOE cut more then expected, it
may result in a positive reaction from the FTSE.
Oil is trading under the 50 dollars per barrel mark after falling yesterday
on signs the economy in the U.S., the world??s biggest energy consumer,
contracted further in November and December. Today the Department of energy
will release the weekly inventory numbers, which could send the price of oil
back towards the 45 dollars per barrel level.
Predicted opens as of 06:00 GMT
FTSE:4620.2(-14.1)
CAC40:3382.30(-6.70)
DAX30 5021.1 (+9.1)
DOW: 8969 (-43)
SP500:929.23(-3.00)
Gold:859.20(-7.50) Oil: 48.50 (-0.06)
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