Egypt concerns escalate to global equity mkts., -1% to -2%. Safe haven up, GOLD +2%. CO +6% on worries over transportation of oil as Egypy runs between Suez canal and Mediteranean sea and the spreading of protest to oil producing countries.
8.20
-DJ futs -60. Regional -1.5%.
FKLI
-seen taking 1500-1510 range , knee jerk under 1500 today for Jan contract. Feb will take discount tone if fbm < 1510 as fear of a breakdw under 1500.
FCPO
-SO +0.5% but wonder whther can fcpo test strong resistance, 3740+, amid bearish equity tone. Fair seen at 3700-20. Above 3700 is +ve. Below 3700, targert 3670+ today
3 years ago
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