Morning Call by Greg Secker

On Friday the FTSE closed down 114 points to close at 4,049 registering a 60 point drop within 15 minutes at the break of the Non Farm Payroll report. This was followed by a matching rally and then further weakness to the close. The Dow Jones on the other hand fell from the open on the news but then staged a 500 point rally to the close, on the back of further positive indications that the Government will step in to help the economy, after the NFP results were so dire. This week with the newsbreaks broadly this side of the Atlantic in the first half and coming from America from midweek we can look forward today at the British Producer Price Index reports out at 9.30 am. Oil is at $42.00 and Gold is at $764.70. That’s it for now good trading and I will speak with you tomorrow.