Australia became the first G20 country to raise interest rates since the onset of the financial crisis, saying that the worst danger for the economy had passed, which underscored for many that the global economy was on the mend.
The Dow Jones industrial average <.DJI> was up 131.50 points, or 1.37 percent, at 9,731.25. The Standard & Poor's 500 Index <.SPX> was up 14.26 points, or 1.37 percent, at 1,054.72. The Nasdaq Composite Index <.IXIC> was up 35.42 points, or 1.71 percent, at 2,103.57.
NYMEX-NEW YORK, Oct 6 (Reuters) - U.S. crude oil futures rose slightly in post-settlement trading on Tuesday after industry data showed a surprise, if small, drawdown in crude stocks last week.
The U.S. Energy Information Administration will follow with its own report on Wednesday at 10:30 a.m. EDT.
A British newspaper report that Gulf Arab states were in secret talks to abandon the U.S. currency in oil trade added pressure to the dollar. But top officials of Saudi Arabia and Russia, speaking on the sidelines of International Monetary Fund meetings in Istanbul, denied there were such talks.
On the New York Mercantile Exchange, at 5 p.m. EDT (2100 GMT) November crude
CBOT-SOYBEANS - November
CBOT-SOYOIL - October
FCPO-JAKARTA, Oct 6 (Reuters) - Malaysia's crude palm oil futures rose 1 percent on Tuesday, climbing from a 12-week low hit in early trade, supported by stronger crude oil and soybean prices, traders said.
The benchmark December contract
REGIONAL EQUITIES-BANGKOK, Oct 6 (Reuters) - Singapore shares rose 1 percent on
Tuesday as CapitaLand hit a three-week high following its shopping mall arm listing plan while Indonesia surged to near 19 month highs, with Astra International jumping after an upgrade.
Thailand <.SETI> ended up 1.8 percent, the Philippines <.PSI> gained 2.3 percent and Vietnam <.VNI> rose 0.6 percent. But Malaysia <.KLSE>, which traded in negative territory throughout the session, ended off 0.3 percent.