Thursday, May 28, 2009

News Update


The FTSE currently indicates a very weak opening, as the world prepares for the bankruptcy filing of GM. With no economic data out of UK this morning traders will be paying close attention to the unemployment figures from Germany. The FTSE is likely to spend all day in the red.

Oil is down in early trade after Saudi Arabias oil minister said OPEC doesn't need to cut output and U.S. stocks slumped because of concern higher borrowing costs and the expected chapter 11 filing by GM. There is a risk that oil prices will test the 65 dollars per barrel mark by the end of the week.



Source: BetOnMarkets.com


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1 komentar:

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