Wednesday, May 05, 2010

Morning start...fkli 1325-30 fcpo 2500++

Europe again, very now and then...playing the debt story...

DJ -225 on worries that the global recovery could suffer if Europe's efforts to contain Greece's debt problems don't succeed, and if China's efforts to slow its booming economy go too far. ..CNN. Europe -3, concerns over debt contagion.

8.30 : Dj futs -12. Regional so far so calm...KOS -0.1% AUS -1%. NK, thanks god still holiday. Commodity lower. CO -4% GOLD -1%.

fkli : a bearish start, 25-30, knee jerk 20-25 range. but 30 looks immediate resistance. below 30, sell mkt.

fpoc SO -0.6%. fcoi is likely to start near 2500,about -RM20, for 2500-2520 play. But dwside risk is much greater on equity spillover factor. If breaks, 2450-2500, the recent lower ranges.

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