DJ -30 ahead Fed's meeting.
8.30 am : DJ futs -12. Regional flat to mixed.
Initial tone is weak but amid the already big discount to Fbm, FKLi is likely to maintain a 1180-1185 range after last mins selling yesterday widened its basis.
As long as Fbm stays above 1180, downside is seen limited and mkt remains upbeat.
5 years ago
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