Tuesday, July 29, 2008

Trader's Highlight

DJI-NEW YORK, July 28 (Reuters) - U.S. stocks tumbled on Monday as fear of more credit and housing market turmoil battered financial shares and a mixed bag of quarterly results added to uncertainty the outlook for corporate profits.The Dow Jones industrial average <.DJI> sank 239.61 points, or 2.11 percent, to 11,131.08. The Standard & Poor's 500 Index <.SPX> shed 23.39 points, or 1.86 percent, to 1,234.37. The Nasdaq Composite Index <.IXIC> lost 46.31 points, or 2.00 percent, to 2,264.22.

NYMEX-NEW YORK, July 28 (Reuters) - U.S. crude oil futures rose more than a dollar on Monday, amid supply worries after militants attacked two major crude oil pipelines in Nigeria belonging to Royal Dutch Shell. September crude settled up $1.47, or 1.19 percent, at $124.73, trading from $122.63 to $125.22.

CBOT-SOYBEANS - August up 1-1/2 cents at $14.00-1/4 per bushel, new-crop November up 9-1/2 at $13.96. Some outlooks for hotter August weather in the U.S. soy region viewed supportive, as hotter conditions could harm soy pod-setting. Front-month August under pressure as spreads adjust ahead of delivery period.

SOYOIL - August up 0.13 cent at 59.30 cents per lb.Losing ground to soymeal on meal/oil spreads.

FCPO-JAKARTA, July 28 (Reuters) - Malaysian crude palm oil futures fell 2.2 percent to the lowest level in more than eight months on Monday as worries about a build-up in supply weighed on the market.The benchmark October contract on the Bursa Malaysia Derivatives Exchange closed down 2.25 percent, or 69 ringgit, at 3,001 ringgit ($919) a tonne, the lowest level since November 7, 2007.

REGIONAL EQUITIES-SINGAPORE, July 28 (Reuters) - Most Southeast Asian markets rose on Monday as oil prices held under $125 a barrel, but Singapore edged lower due to weakness in property stocks.

Indonesia <.JKSE> gained 1.4 percent, Malaysia <.KLSE> and the Philippines <.PSI> added 1.1 percent, while Vietnam <.VNI> advanced 1.2 percent.