Morning Call by Greg Secker

The FTSE gained 114 points on Friday to finish at 4,387. With Producer Price Index figures out today at 9.30am watch the index at that time for early directional movement. In America the Dow opened Friday with early strength through the 8,800 mark and traded within 160 points of that level throughout the session. The index eventually closed the day just beneath the 9,000 level to finish up 248 points at 8,943. With no market moving news look to the Asia markets reaction to the Chinese bailout plan and component news for directional indication. Oil is currently at $61.04 and Gold is at $734.10. Good trading and I will speak with you tomorrow