DJ futs +135p at 5.15om. HS +7% on bank rallies. The rest from +2% to +5%
Cash 905.07/+21P/2.4%.
Broad rally on 1) better-than-expected US economic data, raising expectatiosn for another positive-surprise coming Fri data. 2) G20 pledges new accouting rule.....from mark-to-market to book value??.
FKLI surged above 900 without looking back. The market is at a double-top level and could well
retest the year-high level first, especially if mkt maintains abvoe 900, before a pullback towards the uptrend line.
No comments:
Post a Comment