DJ +120 ( net +70 ) starting off a new month with strong gains, as investors welcomed better-than-expected reports on personal income, manufacturing and Exxon Mobil's profit. Europe strong at +1% after gaining 1% last Friday.
8.25 : DJ futs +1. Regional near +1%, extending Mon's afternoon rebound ( Mon : mostly within +0.5% except SH-1%) Commodities also rebound mode....CO and Gold +1%
Fkli - is seen stuck in 60-70 range, a quite meaningless range as major resistance is seen near 75++ today. Above 1260, is rebound mkt. With most mkt in bearish zone after Jan10, it remains to be seen whether a reversal is in the card or sell-on-rebound tone be the dominant force.
Fcpo - a lucky break for bulls on Monday. Commodiites prices recovered from Fri's slump. SO +0.7%. CO +1.5%. Apr is seen startiing firm within 2450-2470, up RM20++. Strong potential to re-try 2700 is 2470 breaks. Above 2450 is buy mkt.
5 years ago
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