Wednesday, September 30, 2009

Trader's Highlight

DJI-NEW YORK, Sept 29 (Reuters) - U.S. stocks fell on Tuesday as a surprise drop in a gauge of consumer confidence overshadowed signs of stabilization in housing and solid earnings from Walgreen Co . With the third quarter drawing to a close, trading was volatile and volume light.

The Dow Jones industrial average <.DJI> dropped 47.16 points, or 0.48 percent, to 9,742.20. The Standard & Poor's 500 Index <.SPX> shed 2.37 points, or 0.22 percent, to 1,060.61. The Nasdaq Composite Index <.IXIC> dipped 6.70 points, or 0.31 percent, to 2,124.04.

NYMEX-NEW YORK, Sept 29 (Reuters) - U.S. crude oil futures moved slightly lower in post-settlement trading on Tuesday after industry data showed that crude oil inventories rose more than expected last week.

The U.S. Energy Information Administration will issue its own weekly data on Wednesday at 10:30 a.m. EDT (1430 GMT).

On the New York Mercantile Exchange at 5 p.m. EDT (1700 GMT), November crude was down 35 cents, or 0.52 percent, at $66.49 a barrel. It had settled down 13 cents, or 0.19 percent, at $66.71, trading trading from $65.82 to $67.33.

CBOT-SOYBEANS - November down 2-1/2 at $9.17 a bushel. Turned lower after early climb on prospects for a huge U.S. soy harvest. Reports continue that harvest yields will be huge this season. Corn/soy spreading weighs on beans.

CBOT-SOYOIL
- October up 0.23 cent per lb at 33.47 cents per lb; December up 0.22 cent to 33.85 cents. Rebounded late on short-covering.

positioning before USDA issues Sept. 1 stocks data and annual wheat summary Wednesday. USDA expected to confirm thin U.S. soy stocks, big grain build.

FCPO-KUALA LUMPUR, Sept 29 (Reuters) - Malaysian crude palm oil futures edged higher on Tuesday, recovering a little from two-week lows hit the previous day as traders begin to bet on improved demand in coming weeks.

The benchmark December contract on the Bursa Malaysia Derivative Exchange rose 2 ringgit to 2,105 ringgit ($604.3) per tonne after going as high as 2,127 ringgit. The previous day, the market fell to 2,082 ringgit, a level unseen since Sept. 14.

REGIONAL EQUITIES-BANGKOK, Sept 29 (Reuters) - Shares in Singapore and Indonesia gained more than 1 percent on Tuesday, leading a rebound across Southeast Asian stock markets as big caps such as DBS, Astra International and Bangkok Bank recovered some recent losses.

Thailand's index <.SETI> rose 0.9 percent, Malaysia <.KLSE> was up 0.19 percent, the Philippines <.PSI> 0.8 percent and Vietnam <.VNI> inched up 0.1 percent.

Singapore's DBS Group Holdings , Southeast Asia's biggest bank, climbed 1.2 percent, plantation and palm oil processor Wilmar International rose 1.6 percent and Genting Singapore added 2.7 percent.