Wednesday, July 29, 2009

Trader's highlight

DJI-NEW YORK, July 28 (Reuters) - The Dow and the S&P 500 dipped on Tuesday as investors shrugged off weak consumer confidence data and focused on positive earnings reports.

The Dow Jones industrial average <.DJI> shed 11.79 points, or 0.13 percent, to 9,096.72. The Standard & Poor's 500 Index <.SPX> dropped 2.56 points, or 0.26 percent, to 979.62.

But the Nasdaq Composite Index <.IXIC> gained 7.62 points, or 0.39 percent, to 1,975.51.

NYMEX-
NEW YORK, July 28 (Reuters) - U.S. crude oil futures fell back in post-settlement trading on Tuesday after industry data showed a huge increase in crude inventories last week, contrary to analysts' forecasts that supplies fell.

On the New York Mercantile Exchange at 4:50 p.m. EDT (2050 GMT), September crude was down $1.58, or 2.31 percent, at $66.80 a barrel. It earlier settled down $1.15, or 1.68 percent, at $67.23, trading from $66.48 to $68.86.

CBOT-SOYBEANS
- August up 33-1/4 cents per bushel at $10.54-1/2. November up 20-1/2 at $9.27.

Supported by tight soybean stocks, talk that China bought one or two cargoes of U.S. soybeans for November shipment and lagging growth rate of U.S. soybean crop.

CBOT-SOYOIL
- August up 0.22 cent per lb at 33.82.

Support from gains in soybeans and widespread talk that India bought soyoil. Falling crude oil limiting gains.

FCPO-JAKARTA, July 28 (Reuters) - Malaysian crude palm oil futures rose on Tuesday, underpinned by gains in soybean and crude oil, although physical trade was thin as players chose to wait and see if a rebound could be sustained, traders said.

The benchmark October contract on Bursa Malaysia's Derivatives Exchange closed up 42 ringgit, or 2 percent, to 2,140 ringgit ($610.20) per tonne. Overall volume was 16,498 lots of 25 tonnes.

REGIONAL EQUITIES-BANGKOK, July 28 (Reuters) - Southeast Asian stock markets
extended recent gains on Tuesday, with Singapore, Thailand and Indonesia rising for a fourth day and good buying interest seen in bank shares such as DBS, Bank of Ayudhya and Bank Rakyat.

Singapore's index <.FTSTI> rose 1.8 percent, with DBS Group , Southeast Asia's biggest lender, climbing 5.5 percent, Oversea-Chinese Banking Corp adding over 2 percent and United Overseas Bank gaining 3.2 percent.

Malaysia's index <.KLSE> rose for a fifth day, adding 1.4 percent, led by a 3.2 percent rise in plantation conglomerate Sime Darby and a 4.6 percent gain in IOI Corp as Malaysian crude palm oil rose on the day.