Equities strong bounce lead by HS, +400 to +650, DJ futs. +50 to +60 and Japan’s better-than-expected 2Q GDP from get go. Additional support with EU +1% in early Asian hours, extending Fri’s +3% rebound mode
Like the rest, fbm moves in a one-way direction, north and capping off with a 2p preclosing finale to fnish at day’s high. Fkli, a bit shaky in early trades b4 catching up in late trading, reducing its discount by half.
Technically, more bounce is expected towards short term resistance near 1515-20 this week. Positive outlook if mkt stays above 1480.
Like the rest, fbm moves in a one-way direction, north and capping off with a 2p preclosing finale to fnish at day’s high. Fkli, a bit shaky in early trades b4 catching up in late trading, reducing its discount by half.
Technically, more bounce is expected towards short term resistance near 1515-20 this week. Positive outlook if mkt stays above 1480.
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