Morning start...fkli weak 1494-1500 fcpo bearish 3830-50

DJ -50 over 2-day. Europe mixed, near flat. Asian also mixed yesterday. China officially overtakes Japan as the 2nd biggest economy this week. It raises inflation concerns. Global mkts are accessing its implications

8.30
-DJ futs +4. Regional +0.5%. Commodity mostly lower. CO -1%. Grains tumble as traders took profits and worried global demand was easing due to high prices.

FKLI
-1500 support is up for defensive play again. Traing range 1490-1500 and -ve tone for a lack of follow through above 1505.

FCPO -SO -3%, nightmare for bulls, 4000's climb looks history this week. As mkt is seen testing support again, short term SMAs, if not the recent lower band, as fcpo is seen -ve closing today, under 3900.