FKLI : morning gossip

DJ -60, market slumped in the final hour of trading after the Federal Reserve reduced its growth targets and raised unemployment expectations. The central bank also said it expects a recovery in sales and production to begin during the second half of the year...CNN

Europe closed mostly higher, about 1%.

DJ futs -10. NK 118/-1%. Kos -3p.

DJ action could briefly interupt klci.fkli run but the market is likely to maintain its buy-market today as bargains are likely at lower ranges. The question is whether the mkts will pick up fresh steam later after the expected soft opening.

May09 is seen opening around 1035++ and trading within 1030-1040 awaiting for the next move.