212438 Resource 133535 179170 179170 1220877512420 1220877558315 Controlled Global stock markets to open sharply lower after Fannie/Freedie bail-out

<p>GFT's pre-market trading on the world's stock indices indicate a 1 to 2 per cent fall on US indices is expected following the week-end's news of the Fannie and Freddie bail-out by the US government.&nbsp;&nbsp;</p><p>Our current grey market quotes suggest we are in for a&nbsp;nervous and negative&nbsp;reaction to the announcement.</p><p>The immediate response by investors is looking as though it will be one of anxiety with many traders wondering who's next and when, rather than one of reassurement. The sheer size of the numbers involved here with the rescue package may well&nbsp;pile pressure on the dollar, with the knock-on effect of reversing the commodity price correction,&nbsp;as we witness&nbsp;a flight to safety from stocks to gold and oil. </p><p>European stock markets are similarly expected to feel the fall-out. After the close of US markets on Friday we wre calling the FTSE to open up 80 points - in our grey market trading there has been much selling interest and we now expect the London market&nbsp;to open down 50 points.</p><p>Our current calls are:&nbsp;&nbsp;</p><p>Dow 30: Down 150 points at 11070</p><p>S&amp;P 500: Down 15 points at 1227</p><p>FTSE 100: Down 50 points at 5190</p><p>These GFT indications are expected to be particularly volatile before the commencement of electronic trading on the US exchanges in a few hours. </p> 9 application/xml false CFD GFT Spot Forex Spread Betting Trade CFDs and Spread Bets with GFT today! http://www.gftuk.com/land/?aid=3890 Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; .NET CLR 1.1.4322; .NET CLR 2.0.50727; .NET CLR 3.0.04506.30; .NET CLR 3.0.04506.648; MS-RTC LM 8; InfoPath.2; .NET CLR 3.5.21022) 127.0.0.1 127.0.0.1 ggnelson 206.114.34.165 false true false false true 133535 blog blogsite/GFTUK/web