Tuesday, October 6, 2009

Trader's Highlight

DJI-NEW YORK, Oct 5 (Reuters) - U.S stocks bounced back from a four-day losing streak on Monday, as optimism about upcoming earnings gathered steam and data showed the economy's critical services sector expanded for the first time since August 2008.

The Dow Jones industrial average <.DJI> was up 112.08 points, or 1.18 percent, at 9,599.75. The Standard & Poor's 500 Index <.SPX> was up 15.25 points, or 1.49 percent, at 1,040.46. The Nasdaq Composite Index <.IXIC> was up 20.04 points, or 0.98 percent, at 2,068.15.

NYMEX-NEW YORK, Oct 5 (Reuters) - U.S. crude oil futures rebounded late to end above $70 a barrel on Monday as Wall Street rose after data showed that the U.S. service sector
expanded for the first time in a year and the dollar fell as a result.

On the New York Mercantile Exchange, November crude settled up 46 cents, or 0.66 percent, at $70.41 a barrel, trading from $68.05 to $71.

CBOT-SOYBEANS - November unchanged at $8.85 a bushel. Spillover support from corn rally but gains limited by outlooks for record large U.S. soybean crop.

CBOT-SOYOIL - October down 0.20 cent per lb at 33.53; December down 0.22 at 33.85 cents.

FCPO-JAKARTA, Oct 5 (Reuters) - Malaysia's crude palm oil futures edged up on Monday, bouncing back from 11-week lows on short covering, but gave up most gains in late trade because of poor fundamentals, traders said.

The benchmark December contract on the Bursa Malaysia Derivative Exchange settled up 5 ringgit, or 0.25 percent, to 2,042 ringgit ($590.51) a tonne. Trade volumes were at 12,331 lots of 25 tonnes each.

REGIONAL EQUITIES
-BANGKOK, Oct 5 (Reuters) - Singapore shares fell to a
one-month low on Monday, led by blue-chips and financials such as Genting Singapore and DBS Group Holdings, while markets in Malaysia and Indonesia rebounded off early lows.

A disappointing U.S. September employment report on Friday pushed Singapore's benchmark index <.FTSTI> down 0.8 percent to its lowest since Sept. 4, while Thailand <.SETI> also lost 0.8 percent. Both countries are big exporters to the United States.

Malaysia <.KLSE> and Indonesia <.JKSE> bounced back late in the session, while the Philippines <.PSI> and Vietnam <.VNI> ended slightly off.