Morning start...fkli weak 1400+ fcpo weak 2540-50

DJ -30 , as a dismal economic outlook overshadowed earlier optimism fueled by takeover talk....CNN. Europe +ve, near ++0.5%.

8.20 : DJ futs -30. Regional -ve tone. KOS -1% NK -150/-1.5%. Commodity mostly lower. CO -1.5%. Ringgit near 2-year high.

fkli : following weak external, and no surprises from fbm, fkli is seen pulling back towards 1400 first and likely to take on 95-00 range with dwside risk dw to 88 if fbm.fkli trades in -ve territory.

fcpo SO -1% not helping fcpo bulls at all. 2530-2560 is seen as neutral range today but with weaker SO, fcpo will start on defensive side. 2530 is critical support while a breakout above 2560 would reinforce a rebound to 2600.