U.S. gross domestic product shrank at a 0.3 percent annual rate in the third quarter as the sharpest pullback by consumers since 1980 overwhelmed the benefit from ramped-up government spending, the U.S. Commerce Department reported.
In Europe, German unemployment fell more sharply than expected in October, pushing the jobless rate down to a new 16-year low of 7.5 percent.
The Dow Jones industrial average <.DJI> closed up 19164 points, or 2.13 percent, at 9,182.60. The Standard & Poor's 500 Index <.SPX> was up 23.80 points, or 2.56 percent, at 953.89. The Nasdaq Composite Index <.IXIC> was up 41.31 points, or 2.49 percent, at 1,698.52.
NYMEX-NEW YORK, Oct 30 (Reuters) - U.S. crude futures ended lower on Thursday as weak third-quarter economic data rekindled demand worries.
On the New York Mercantile Exchange, December crude
CBOT-SOYBEANS - November
Pressure from firm dollar and drop in crude oil. Market underpinned by large export sales, talk of fund buying and bullish moves in options, including call buying.
CBOT-SOYOIL - December
U.S. Census Bureau reported U.S. Sept soyoil stocks at 2.471 billion lbs, compared to preliminary estimate for 2.527 billion.
FCPO-JAKARTA, Oct 30 (Reuters) - Malaysian palm futures closed higher on Thursday after crude oil hit $70 a barrel in Asian trade, traders said.
The market also rallied ahead of a government announcement on replanting plans, aimed at helping to boost the palm oil price.
The benchmark January contract
REGIONAL EQUITIES-SINGAPORE, Oct 30 (Reuters) - Singapore stocks led the surge in Southeast Asian equity markets on Thursday, with financials in the spotlight, as investors cheered the Federal Reserve's rate cut and a slew of government efforts to boost bank liquidity.
The benchmark Straits Times Index <.FTSTI> closed 7.8 percent higher. Elsewhere, Thai shares <.SETI> climbed 6.3 percent, Indonesian stocks <.JKSE> gained 5.4 percent, and Philippine's benchmark index <.PSI> added 4.7 percent.