DJ -14 fri but ends the week on gains, supported by earnings and anticipation of Fed QE2 in Nov. Probably the same themes this week. Market seen supported if not higher ahead of 3Q GDP data on Friday, mid term election Nov2 after G20 says global economy is recovering.
8.25 : Dj futs +20. Regional +0.5%. Commodity quiet but firm GOLD +1%, CO +2%.
fkli : defensive again ? fkli is likely to just hang round till fbm cues on a breakout from 1488-91 range. Below 1488 is -ve. And fkli needs to clear 94 resistance to reverse last week poor finish.
fcpo : SO +0.1%. enough to offset newspaper report over the weekend on rising production ? fcpo is generally bullihs if > 3000 but must cross 3010-20 range to initiate fresh bulls. While dwisde risk is seen at 2960 if 2990 fails to hold today.
3 years ago
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