Trader's Highlight

DJI-NEW YORK, June 8 (Reuters) - U.S. stocks rebounded late on Monday to end flat, shrugging off lighter-than-expected sales from McDonald's and lowered iPhone prices from Apple .

The three major U.S. stock indexes had fallen more than 1 percent before rallying in the last hour of trading, led by bank shares.

The Dow Jones industrial average <.DJI> gained 1.36 points, or 0.02 percent, to 8,764.49. The Standard & Poor's 500 Index <.SPX> dropped 0.95 of a point, or 0.10 percent, to 939.14. The Nasdaq Composite Index <.IXIC> dropped 7.02 points, or 0.38 percent, to 1,842.40.

NYMEX-NEW YORK, June 8 (Reuters) - U.S. crude oil futures settled lower on Monday, extending Friday's retreat as the dollar strengthened, which made commodities such as oil less attractive to investors.

Traders also raised worries over demand as Wall Street was weaker on profit and interest rate worries. Losses were limited as traders weighed forecasts ahead of weekly inventory data that called for lower crude inventories.

On the New York Mercantile Exchange, July crude settled down 35 cents, or 0.51 percent, at $68.09 a barrel, trading from $66.78 to $68.95. On Friday, it hit an intraday high of $70.32, the highest front-month intraday price since $70.46 was struck on Nov. 5.

CBOT-SOYBEANS - July up 7 cents at $12.32-1/2 a bushel.

Choppy, nearby contract rises due to tight stocks in the country but deferreds pressured by some outlooks for a switch to soy acres in the United States away from corn because of wet weather that stalled corn plantings.

Traders expecting USDA to report U.S. soy planting 80 percent complete in weekly progress report late Monday.

CBOT-SOYOIL - July down 0.33 cent at 39.40 cents a pound. Lower crude oil pressures prices.

FCPO-KUALA LUMPUR, June 8 (Reuters) - Malaysian palm oil futures tumbled as much as 2.6 percent to a near 2-week low on fears that June shipments may fall back after months of sustained buying by China and India.

Traders are waiting for a slew of data on May palm oil output, exports and stocks to be issued by the Malaysian Palm Oil Board on Wednesday. Cargo surveyors will report on June 1-10 palm oil exports by the Southeast Asian country on the same day.

The benchmark August contract on the Bursa Malaysia's Derivatives Exchange settled down 62 ringgit to 2,458 ringgit ($698.9) per tonne after hitting a low of 2,454 ringgit, a level unseen since May 28. Overall volume shot up to 16,358 lots of 25 tonnes each.

REGIONAL EQUITIES-BANGKOK, June 8 (Reuters) - Most Southeast Asian stock
markets gave up early gains on Monday, with CapitaLand and other big caps leading Singapore to a 1-week low, and weaker bank shares pushing Indonesia and Thailand lower.

Singapore's benchmark Straits Times Index <.FTSTI> fell 2.6 percent, after earlier losing more than 3 percent to 2321.41, its lowest since May 29. CapitaLand , Southeast Asia's biggest developer, dropped 3.6 percent.

In Kuala Lumpur, the main index <.KLSE> eased 0.3 percent, after earlier rising to its highest level since September 8. Lafarge Malayan Cement Berhad slid 18.5 percent, while Genting was down 1.7 percent.