Morning plunge...fkli bearish 1290-95 fcpo firm 2450-70

DJ -380/-4% o global selloff on European debt fears. Europe -2%.

8.20 : DJ futs --26. Regional -2% to 3%.Comoodity not much affected excnept CO -2% the rest flat to -1% lower. GOLD -1%

fkli : bracing for a plunge, expect some bounds after initial selloff towards 95. But remains bearish under 1300. Below 1300, it could target the year lows lvl major support near 1230 in the short term.


fcpo: agricutural products quiet. Energy and metal hit worst. SO -0.1% but given such external fcpo upside is seen limited depsite follow through activity.