China manufacturing data in Aug, better than July, helps to lift equity sentiment and sparks bargain buying, with resources stocks leading the pack. +1.5% to +2% are the norms, with strong gains in PM after a cautious AM. EU +1.5%. DJfuts +150.
This raises the chance for more tech bounce as mkts seen bottoming out in the short term after today’s actions and ahead of Ben’s statement on Fri.,QE3 ??.
Fbm.fkli looking good to test 1510-20, before Hari Raya breaks. No major fresh sell signal for the rest of the mth if above 1470 and bullish if above 1480
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