News Update on 24 June 2009

The FTSE is currently indicating a higher open, as traders are looking to come back into the market after the recent sell off. With Nikkei closing in the positive territory, investors are looking for value buys after comments by the World Bank spooked investors into a general sell off. With no economic news this morning, the FTSE is likely to start the day in the green.

Crude oil is currently trading below $69 a barrel after an industry report showed an increase in U.S. gasoline inventories, raising concern the global recession will sap fuel demand. Economic data in Japan showed that exports from the world??s third-largest oil consumer accelerated its decline in May, further casting doubt for a recovery in the near term.

Dikutip dari BetOnMarkets.com Newsdesk for Saham Indonesia.

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