Thursday, June 30, 2011

Morning start...fkli firm 1575-76 fcpo firm 3110-20

DJ +70, EU near +2% on Greece's approval of austerity measures on Wednesday, which are meant keep the country from defaulting.

8.330 : regional flat, near +0.2%..probably already priced-in Greek factor yesterday. Commodity firmer tone on weaker US$ and stronger Euro as Greek buys time. CO 1.5%

fkli. 70-80 still but likely the upper band instead of lower one like yesterday. Looking good to finish the mth on bullish tone > 70, with fresh leg up seen next week.

Fcpo SO +0.5% ,upside tone, enough to keep fcpo above 3100 and spark buyback, testing resistance, uptrend line, if > 3080 today.

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