Morning gossip fkli strong fcpo soft

DJ +80/1% with the Nasdaq and S&P 500 pushing back into positive territory for the year, as investors welcomed AIG's $35 billion asset sale and a pair of mergers in the pharmaceutical sector..CNN. Europe up 1% to 2%.



8.15 : DJ futs +1. Regional near +0.5%. Commodity mostly lower, Gold flat. CO -2%. Dollar stronger tone but marginally



Fkli : DJ gains unlikely to provide major fresh boost as mkt has factred in almost 80% of its gains. Butwould provide cushion to the dwside if profit take activities occur. Still, a break above 85 is a strong fresh buy signal for both fbm and fkli. 80-88 range for start.

Fcpo : SO sligthly lower, within -0.5% range. This would keep May10 fcpo within 2610-2640 range. Call to open RM10 lower at the current SO lvl.