Please find below the Financial Fixed Odds report from David Evans, market analyst at BetOnMarkets.

Market friendly election results from India got equities off to a good start this morning and the positive momentum has continued this afternoon.

The FTSE is one of the strongest markets today, erasing around half of last week’s losses. This is thanks in no small part to financials which as being led higher by Lloyds group which confirmed that it will be going ahead with its rights issue.

Barclays is also firmer today on speculation that Blackrock and Bank of NewYork Mellon may compete to acquire the BGI unit.

Elsewhere, Goldman’s helped boost the financial sector in the US with an upgrade to Bank of America.

Crude oil is back on the rise, heading towards the $60 marker once more despite a glut of supply with large numbers of stationary super tankers filling up the slack.

Sterling is in demand for once on speculation that the sell-off over the past 12 month has been overdone. There has been little movement against the dollar in the past few weeks, but the pound is gathering momentum versus the euro with €1.15 a possible target in the near term.

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