NEW YORK (Reuters) - Stocks jumped on Thursday after news major central banks are preparing coordinated action if the results of Greek elections this weekend lead to turmoil in financial markets. The central banks from major economies will take steps to stabilize markets and prevent a credit squeeze if necessary, Group of 20 officials told Reuters.

FKLI overall outlook : Upside bias, but gains will likely be limited as investors remain cautious ahead of weekend Greek election. The KLCI is likely to head towards 1575 with strong resistance at the week's high of 1582.29, though analysts say investors should be cautious of volatility due to the expected low trading volume in the market.

SINGAPORE, June 14 (Reuters) - Malaysian palm oil futures slumped to their lowest in 2012 on Thursday as the euro zone debt crisis and sluggish U.S. growth triggered a flight of capital from riskier assets.

FCPO overall outlook : Downside bias, although fundamentals remain quite encouraging due to higher demand and lower stocks. Malaysia's palm oil exports in the first 15 days of June rose 20% from a month earlier to 716,322 metric tons, cargo surveyor Intertek AgriServices said Friday. This is due to increased buying ahead of the Muslim fasting month, which could limit price decline. Strong demand vs cautious investors may lead to CPO trading in a narrow range between MYR2,830-MYR2,885/ton. However, since the global economy outlook is still dominating at the moment, there is a possibility that  CPO could dip further to MYR2,700/ton as people could set up more shorts ahead of th (Greek) election.