Wednesday, May 12, 2010

Morning start...fkli firm 1338++ fcpo 2510++

DJ -30. Europe mixed. It was mixed day for DJ.Europe, softer after Mon's overrun, no fresh bad news, waiting for things to calm dw.


8.20 : DJ futs -25. Regional +0.55. Commodity mostly quite, flat. Except safe haven GOLD at historical high ,1230++, +2.4%

fkli : better-than-expected DJ.Europe would encourage fkli to catch up with fbm, near 38. 35-40 play first. More gains seen, above 40 if fbm > 42.

fcpo : SO flat. follow through tech weakness will put initial pressure but 2500 likely to stay unless SO trades lower. 2500-2520

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