DJ overnight bounce and DJfuts +ve tone on QE3 talks fail to inspire regional sentiment. Regional steady in AM, near flat but back to –ve play in PM on HS leads, towards -1%. Generally, weak to mixed tone today.
EU firmer but near flat. DJ futs flat in late Asian hours, off AM highs, near +50.
Fbm.fkli fail to clear 1550 resistance in early attempt but also maintain above 1540 in PM despite weaker regional. It, therefore avoids fresh –ves signal but remains bearish. 1540 seems strong support this week and possible fresh leg dw next week if mkt does not regain 1550 resistance tomorrow.
EU firmer but near flat. DJ futs flat in late Asian hours, off AM highs, near +50.
Fbm.fkli fail to clear 1550 resistance in early attempt but also maintain above 1540 in PM despite weaker regional. It, therefore avoids fresh –ves signal but remains bearish. 1540 seems strong support this week and possible fresh leg dw next week if mkt does not regain 1550 resistance tomorrow.
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