Friday, June 24, 2011

Morning start...fkli firm 1563-65 fcpo weak3120-30

DJ -60, off lows near -200 when reports said Greece had reached an agreement on austerity measures with the European Union and the IMF. EU -2%.

8.30 : Dfuts +40,. Regional +0.5%. Commodity lower. -1% to -1.5%.

Fkli about the same range as yesterday., 58-65. Firmer on latest EU development but do not expect fresh upside, >70.

Fcpo SO --0.7% , further bad news for bulls. Another fresh sell pressure first with buybacks near 3100, instead of 3140-50.

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