The Dow Jones U.S. home construction index <.DJUSHB> shot up 4.3 percent after data showed U.S. new home sales posted their biggest monthly gain in eight years in June, suggesting the housing market may be starting to recover from its worst slump since the Great Depression of the 1930s.
The Dow Jones industrial average <.DJI> rose 15.27 points, or 0.17 percent, to close at 9,108.51. The Standard & Poor's 500 Index <.SPX> gained 2.92 points, or 0.30 percent, to 982.18. The Nasdaq Composite Index <.IXIC> added 1.93 points, or 0.10 percent, to end at 1,967.89.
NYMEX-NEW YORK, July 27 (Reuters) - U.S. crude oil futures ended higher on Monday as robust home sales spurred fresh hopes for improved oil demand, and that outweighed earnings uncertainties that kept Wall Street see-sawing all day.
The U.S. dollar fell to more than a seven-week low against the euro and global equities were stronger, both contributing support to oil futures.
The forecast in a Reuters poll of analysts ahead of weekly inventory data due in the next two days showed expectations for a small drawdown in crude and gasoline stocks and an increase in distillates supplies, which include heating oil and diesel fuel.
On the New York Mercantile Exchange, September crude
CBOT-SOYBEANS - August
Tight U.S. soy stocks and short-covering underpinned spot August. New-crop months pressured by good U.S. crop weather as August nears. Next month is the key yield determining growth phase for soybeans as the crop sets and fills pods in August.
China will hold second soybean auction July 29.
CBOT-SOYOIL - August
FCPO-JAKARTA, July 27 (Reuters) - Malaysian crude palm oil futures ended lower on Monday, pressured by concerns that a seasonal rise in production could outpace increased demand linked to upcoming Asian festivals and due to a stronger ringgit currency.
The benchmark October contract
REGIONAL EQUITIES-BANGKOK, July 27 (Reuters) - Southeast Asian stock markets rose on Monday, with Singapore climbing to a 10-month high and Indonesia surging to near a one-year high, with big-caps such as DBS and Telkom Indonesia leading the way.
Singapore's index <.FTSTI> rose 1.7 percent, with lender DBS Group
Malaysia's index <.KLSE> eked out a small gain of 0.05 percent, led by a 6.6 percent rise in PPB Group