♦ The FBM KLCI finally broke out from the 1,300 psychological threshold on Wednesday, as investors rushed in to scoop up core bluechips after an overnight Wall Street rally.
♦ The US DJIA rallied 213 pts on firm US manufacturing data and easing fear on the European debt crises. This lifted investors’ risk appetite on riskier assets, including stocks, commodities and currencies.
Market Technical Reading - Technical Pullback Likely To Below 1,300..- 17/6/2010
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