Monday, September 29, 2008

Trader's Highlight

DJI-NEW YORK, Sept 26 (Reuters) - U.S. stocks ended mostly higher on Friday as big bank shares staged a late rally on hopes lawmakers would hammer out an agreement on a $700 billion financial-sector rescue plan this weekend.

The Dow Jones industrial average <.DJI> was up 121.07 points, or 1.10 percent, at 11,143.13. The Standard & Poor's 500 Index <.SPX> was up 4.09 points, or 0.34 percent, at 1,213.27. But the Nasdaq Composite Index <.IXIC> was down 3.23 points, or 0.15 percent, at 2,183.34.

NYMEX-NEW YORK, Sept 26 (Reuters) - U.S. crude oil futures settled lower on Friday, pressured by uncertainty as the wrangling in Washington over a bailout plan for the financial continued in the wake of another bank failure.

On the New York Mercantile Exchange, November crude fell $1.13, or 1.05 percent, to settle at $106.89 a barrel, trading from $104.25 to $108.11.

CBOT-SOYBEANS - November down 19 cents at $11.64 per bushel; January down 19 at $11.80-1/2.

Declines in crude oil weigh on the market, reflecting more long liquidation. Buyers remain hesitant amid worries about fate of the U.S. economy as bank bailout talks drag on.

SOYOIL - October down 0.37 cent at 47.40 cents per lb.

FCPO-KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange ended 1.4% higher in choppy trade Friday amid liquidation pressure, said
trade participants.

The benchmark December contract on the Bursa Malaysia Derivatives ended MYR33
higher at MYR2,313 a metric ton after reaching an intraday high of MYR2,324/ton.

REGIONAL EQUITIES-SINGAPORE, Sept 26 (Reuters) - Most Southeast Asian stock markets fell on Friday as investors fretted over a stalemate on the U.S. government's planned $700 billion bailout for the financial industry, pushing down property plays in Singapore.

Indonesia <.JKSE> dropped 1.3 percent on banks and resources, while Malaysia <.KLSE> and Thailand <.SETI> edged 0.4 percent down. Hong Kong's Hang Seng <.HSI> fell 1.3 percent, while Japan's Nikkei <.N225> dropped 0.9 percent.