The FTSE is currently indicating a higher opening, as traders look through yesterdays wreckage for possible investment opportunities. The equities market might get another boost before the opening, as analysts expect that the UK industrial production numbers will come out better then expected. We are looking for a big pop at the open.

The FTSE is currently indicating a higher opening, as rumors intensify that another bailout bill will be introduced in congress today. The rumor was the main reason for the huge recoveries that were enjoyed by equity markets around the world. This recovery was anticipated, as historically meltdowns on Wall Street often attracted bargain hunters. Not all the news yesterday was positive, as the credit market has shown no sign of relief despite the possible bailout rumors being circulated.

The bloodbath that started yesterday in the United States is set to continue, as the FTSE futures indicate an opening down 5% from yesterdays closing. The SP500 suffered the worst one day loss since October 26th 1987, wiping out almost 800 billion dollars in market cap. While no stock was spared from the sell off as the Advance/Decline ratio on the NASDAQ was at -80. The financials led the way with most companies recording losses in the double digits. The sell off has continued in Asia with the major indices currently down more then 5%.

The FTSE is currently indicating a higher opening, as traders are signaling their approval over the nationalization of Bradford and Bingley. Over the weekend the government and the biggest landlord tried to arrange a sale, however when no bidder came up, the government was forced to step in to protect the deposit holders. This should give the FTSE the boost it needs to start the week of on the positive foot.

FTSE is currently indicating a lower opening as traders prepare themselves for the unveiling of the bailout package. There is still way to many questions left unanswered in the fine print, which is why traders are divesting of stocks that might be affected negatively by this historic event. We expect the FTSE to spend the morning in negative territory.

The FTSE is currently indicates a flat opening as traders wait for the release of the European IFO numbers. While this is not UK data, it will affect the FTSE depending on how strong the number will be. After further research we believe the number will be stronger then expected. This should result in a higher opening for the FTSE.

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ES short-term projection

After central banks dropped a coordinated liquidity bomb overnight, global equity and credit markets have reacted well. Although the bounce off the lows is at least a step in the right direction, the impact still has to be seen as cautious at best. Today, investors and financial institutions have shut the door on the financial apocalypse, but the storm is still there. It will be some time before investors will step out side confidently from the safety of the sidelines.