DJ -268/-2%, Europe tumbles 3 to 4%, China slowdown fears hit global markets after a report on leading indicators in China was revised lower. Further intensified fears ahead of US June job data this Fri.
8.15 : DJ futs +4 Regional dw 1 to 2%. NK -2% Kospi -1% Commodity hit lower ranges. CO -2% GOLD steady but no new highs.
fkli : half of DJ losses already priced-in but needs to factor another 1% too. fkli seen taking 1305-1310 range with expectations fbm will stabilise within the same range. but aware of kneejerk potential towards 1300. Below 1312, is -ve tone. Strong bounce seen only if HS/SH take lead.
fcpo : SO is dw 1.5%. like the rest, fcpo seen gap dw at opening, towards 2350. Its seen ranging within 2340-2360 lower band with greater risk of a breakdw towards 2300.
3 years ago
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