Friday, March 05, 2010

Mornign gossip..fkli firm fcpo soft

DJ +47, ended a volatile session higher Thursday as investors welcomed improved retail sales and a report showing that the pace of job losses is slowing, ahead of Friday's big government employment report...CNN. Europe mostly lower, -0.5%

8.30 : DJ futs +10. Regional strong on NK, +194/+2%. Kos +1% Commodities softer, -0.5% on dollar strength.

Fkli : seen reaching for 90 again, targeting a closing above 90. Mar10 is set to move within an upward bias band of 85-90, waiting for fbm cue.

fcpo : SO is dw -1%. Fcpo is seen starting with profit take activities. May10 is seen within 2650-2670 in initial trade. Below 50, is intra-day sell.

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