Regional bourses reverse Mon losses in AM after a “better than expected” DJ/EU overnight. And extends gains by near 0.5% in PM after EU starts Tues flat and Djfuts stays +ve, +10.
Still, cautious amid US debt standoff but high hope for a solution on President Obama insistence that a deal is in the making. (US$ weak by all counts today, but US 10-y bill shows zero reaction so far)
Fbm fails to match regional’s pace and stuck near 1560-61, the immediate resistance lvl. Fkli strong bounce but yet to reverse its dwtrend outlook amid late selling activities
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