Morning start ...fkli 1345++ fcpo 2550++

DJ +70, strong finish ahead of 1Q reporting. Europe +1%.

8.20 : DJ futs +43. Regional +1%. Commodity mixed. CO -0.7%. GOLd +1%

fkli : seen steady within 42-45 until fbm opens and catches up. Another run up towards 50 can be expected if fbm crosses above 38. .With fbm at 33-38 range, the premium may be too big to justify any sustainable attempt near 50.

fcpo. SO mixed, flat, +0.1%. While firmer tone expected, Jun10 is called to start near 2530-2550, as expecting the mkt to move back to its "normal" area.