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

The FTSE currently indicates a very weak open, as traders are organizing their portfolio ahead of tomorrows UK GDP report.

Analysts are expecting a contraction of almost 2% for the first quarter. However there has been talk that the number could come much worse then that. The FTSE is likely to spend the day in the red.

Crude oil is currently trading around the 48 dollars per barrel mark after the risk of widening bank losses dragged US equities and other commodities lower.

Oil’s two-day climb stalled after lenders including Wells Fargo & Co. said credit markets haven’t recovered yet.

Adding to the weak crude price is the report from US regarding the oil inventory which rose for a seventh week to its highest level since September 1990.

Fixed Odds FTSE BET

A bull/bear bet, on the FTSE closing below 4005 on April 30th returns a 99% ROI

Predicted opens as of 06:00 BST

FTSE: 3978.8 (-46.5)
CAC 40 2971.40 (-40.40)
DAX 30 4528.2 (-62.1)
DOW: 7839 (-43)
SP+500 837.08 (-2.00)
Gold: $892.00 (+42.25)
Oil: $48.51 (-$0.34)

For more details see: Financial Fixed Odds.

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