Equity cautious to the upside, playing out recent sharp losses.
Regional +ve in AM, +1% but off highs in PM to flat on EU weak first hour, -1%.
EU, however, turns +1% after 4pm. Djfus also recovers its losses of -150p but maintain near AM lvl -50 in late Asian hours.
Fbm stays in +ve zone, 1480-90 range in tight range day after 4 days of volatile trading. Fkli , however, seems “reluctant” and fails to make strong impression at 1480s. Wide discount in early PM b4 recouping some losses after EU +ve run
Next week, above 1480 is further bounce towards 1520 target. A closing under 1470 would reignite recent this week dwward momentum., targeting 1420.
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