Friday, July 29, 2011

Morning start...fkli firm 1548-1550 fcpo weak 3090-3100

DJ -60, no debt vote yet, pushed back, wking to gain more votes. EU mixed, near flat.

US$ strong, commodity heavy tone. US 10-y bond's yield remains under 3% at 2.96%.

regional softer but quiet, near -0.5%. DJfuts -1.

fkli generally 45-55, bounce tone for the day, near 1550 in initial trades.

fcpo SO -1.3% on strong US$ n weak exports. 3100 support back in danger again but 3080 likely to hold again at the current SO rate. but dwward bias if under 3100.

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