DJ +11 Fri, finished the week positive ahead of earning reporting season , starting this week.
8.30 : DJ futs +30. Regional 0.55 to 1%. Most mkts upbeat at the expense of a weak dollar. Soyoil rebounds +0.5%, on recovery mode as crude oil seen at multiple mths highs, +1%.
FKLI seen taking 1295-1300 range first, unlikel to break 1300 till fbm opens. Strong chance of a breakout above 1300 as fbm is expected to park near 1300 today on the bakc of very strong ringgit.
FCPO is seen firm, +RM20 taking the higher band of 2600-2650 neutral range. Arbitaging selling amid the strong ringgit could prevent big gains today. 2700 top today.
5 years ago
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