Morning gossip....fkl firm fcpo strong

DJ +10, rebound from 9800 lows last Fri, while Europe got hit again, -2%, on default fears.

8.20 am: DJ futs -12. Regional cautious. -0.5%. NK -65. Kos-3. Commodities mostly lower, -1%.

Fkli -while mkt tone is seen -ve, Dj's Fri better than expected closing could push fkli to narrow the gap with fbm first. 45-50 for start. Above 42 is trading buy, targeting intra day resistance 50. Fbm is positve if breaks 53.


Fcpo - while speculative commodities trend lower, agricultural commodities buck the trend. SO +0.7%. Apr10 is seen at bullish range of 2500-2550.