Thursday, August 06, 2009

FKLI : morning gossip....1170-1175

DJ -40, up run ended after two reports on Wednesday showed that the labor market continues to face challenges and that recovery on the employment front will be slow.

8.20 : DJ futs -20. Regional mixed. NK +40, Kos -2

Do not expect a selldown but fbm.fkli are seen at the lower band of 1170-1180 range. No major moves are expected before China opens.

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