Monday, March 08, 2010

Morning gossip..fkli strong fcpo firm

DJ +120/+1% on smaller job losses report. Europe up 1% to 2%. A light week for economic data this week, Fri's retail sales data.

8.15 : DJ futs -1. NK +171/+1.7%. Kos +21/+1.3%. Commodity firmer. CO +1.4% Gold +0.5%.

Fkli : strong incentive for follow through activity, to re-visit year' high lvl again before profit take. Mar10 may seen big gains on knee-jerk reaction in early trade but is likely to steady within 1305-1310 range as fbm is seen topping near 1308++ lvl.

Fcpo : Soyoil softer, near- 0.2%. Without +ve externals, mkt is unlikely to revisit but seen fimr ahead of MPOB data Wed. MAy10 is opening RM5 lower and range bound within 2650-2680 range today.

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