Trader's Highlight

DJI-NEW YORK, Aug 25 (Reuters) - World stocks rose to 10-month highs on Tuesday after Ben Bernanke was nominated for a second term as Federal Reserve chief and as upbeat U.S. economic data bolstered optimism, but crude oil sold off on profit taking.

The U.S. dollar slipped against the euro and yen as the data and Bernanke's nomination led investors to seek out higher-yielding currencies and assets.

The Dow Jones industrial average <.DJI> closed up 30.01 points, or 0.32 percent, to 9,539.29. The Standard & Poor's 500 Index <.SPX> rose 2.43 points, or 0.24 percent, to 1,028.00. The Nasdaq Composite Index <.IXIC> climbed 6.25 points, or 0.31 percent, to 2,024.23.

NYMEX-NEW YORK, Aug 25 (Reuters) - U.S. crude oil futures gave up some more ground in post-settlement trading on Tuesday after industry data from the American Petroleum Institute showed an unexpectedly large increase in crude inventories last week.

The API said that for the week to Aug. 21, domestic crude stocks shot up 4.3 million barrels to 346.7 million barrels as imports rose sharply, defying a forecast in a Reuters poll of analysts for a 1.1 million barrel drawdown.

On the New York Mercantile Exchange at 4:55 p.m. EDT (1655), October crude was down $3.03, or 4.07 percent, at $71.34 a barrel. It earlier settled down $2.32, or 3.12 percent, at $72.05, trading from $71.11 to $75, which was the highest since prices hit $75.69 on Oct. 21, 2008.

CBOT-SOYBEANS - September up 11 cents at $10.91 a bushel; November down 8-1/2 at $9.99.

Spot September hits 1-1/2 week top on tight stocks and persistent Chinese buying of U.S. soybeans. Technically strong, soaring past key moving averages with prices filling in big gap in continuos spot of 75 cents created when August expired on Aug. 14.

CBOT-SOYOIL - September down 0.57 cent per lb at 36.54. Falling crude oil weighs in addition to profit-taking after the strong gains on Monday.

FCPO-JAKARTA, Aug 25 (Reuters) - Malaysian crude palm oil futures edged lower on Tuesday, extending their retreat from a one-week high hit early on Monday, in reaction to weaker stock markets, traders said.

Benchmark November palm oil futures on the Bursa Malaysia Derivatives Exchange dropped 20 ringgit, or 0.8 percent, to 2,355 ($671.98) per tonne. Overall volume was 18,429 lots of 25 tonnes each.

REGIONAL EQUITIES-BANGKOK, Aug 25 (Reuters) - Singapore shares eked out small gains on Tuesday, pushed higher by gains in big-caps such as DBS Group and SingTel, and Thai stocks rose, with tourism-related shares leading the way.

Singapore's index <.FTSTI> added 0.25 percent, with DBS Group , Southeast Asia's biggest lender, rising 1.1 percent and Singapore Telecommunications almost 1 percent higher.

Indonesia's index <.JKSE> was up 0.2 percent and Vietnam's <.VNI> edged 0.12 percent higher. Malaysia's index <.KLSE> lost 0.3 percent. Its central bank left interest rates on hold as