The FTSE is currently indicating a higher open as traders wait for the
release of the UK purchasing managers index. There are rumors that the
number could be better then expected, which should give the FTSE a nice
boost. Traders will also be paying close attention to the release of the US
ISM non-manufacturing numbers, which should give as a hint at how the
industry is doing. Oil continues to push higher, on speculation OPEC is
implementing a 9 percent production cut and concerns an expansion of the
Gaza Strip conflict may disrupt Middle East supplies. Oil prices will most
likely be contained under the 50 dollars per barrel level.
Predicted opens as of 06:00 GMT
FTSE: 4589 (+18)
CAC40 3360.80 (+7.00)
DAX30 4988 (+16.00)
DOW: 8978(+17)
SP500 931.78 (+2.25)
Gold: 851.40 (-6.55)
Oil: 48.13 (-0.43)
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1 comment:
cool! thanks for the info ! :)
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