Tuesday, August 5, 2008

Trader's Highlight

DJI-NEW YORK, Aug 4 (Reuters) -U.S. stocks fell on Monday as shares of energy and commodity-related companies tumbled on falling oil and metals prices and investors worried the housing slump could fuel further losses at financial companies.

The Dow Jones industrial average <.DJI> fell 42.17 points, or 0.37 percent, to 11,284.15. The Standard & Poor's 500 Index <.SPX> slid 11.30 points, or 0.90 percent, to 1,249.01, while the Nasdaq Composite Index <.IXIC> dropped 25.40 points, or 1.10 percent, to 2,285.56.

NYMEX-NEW YORK, Aug 4 (Reuters) - U.S. crude futures tumbled on Monday as OPEC output likely rose for the third month in a row in July, outweighing concerns about Tropical Storm Edouard, A gauge of U.S. core inflation rose more than expected,ratcheting up worries over demand for oil.
September crude settled down $3.69, or 2.95 percent, at $121.41 a barrel, after trading from $119.50 to $126.35.

CBOT-SOYBEANS - August down 70-3/4 cents at $12.87 a bushel; new-crop November down 70 at $12.95. Dived 70-cent limit in several months. Traders expecting USDA late on Monday to show steady U.S. soy condition ratings.

SOYOIL - August down 2.51 cents at 54.10 cents per lb; December down 2.5 at 55.31 cents. Several months fell 2.5 cent trade limit, pressed by weakness in soybean and crude.

FCPO-JAKARTA, Aug 4 (Reuters) - Malaysian crude palm oil futures fell about 2 percent on Monday, following a slide in soyoil prices, a drop in crude oil, and worries about a build-up in palm oil supplies, dealers said.

The benchmark October contract on the Bursa Malaysia Derivatives Exchange closed down 60 ringgit at 2,890 ringgit ($885) a tonne, after trading as low as 2,820 ringgit, a level not seen since October 31, 2007.

REGIONAL EQUITIES-August 4 (Reuters) - Most Southeast Asian equities extended the previous session's losses and closed lower on Monday on increased global economic growth worries, with Malaysian planters hit hard by record level stocks.

Singapore <.FTSTI> fell 1 percent to end at its weakest in 2 weeks, with property shares again taking a beating. Malaysian<.KLSE> and Indonesian <.JKSE> shares both lost 0.9 percent lower, while Thai stocks <.SETI> edged down 0.6 percent.