Morning start....fkli firm 1490+ fcpo weak 3300+

DJ/Europe -1% to -2% not as bad as Asian. But agri ommodity tumbles on concerns over Japan short term demand.

8.15
Dj futs -20. Regional firmer tone on rebound after panic yesterday, +1% to +2%. NK +6%. Value for long term but short term pressure over ?

Fkli
strong rebound first but follow through momentum depends on Japan nuclear development. Upside seen limited till Japan PM says nuclear crisis is over. 1480-1500.

FCPO
SO -4% . setback for bulls, after Tue's strong effort, amid weak external weakness but do not expect fresh leg dw today. Another tug of war at 3300 again. Below 3340 is -ve, below 3000 is bearish.