Tuesday, October 20, 2009

Trader's Highlight

DJI-NEW YORK, Oct 19 (Reuters) - U.S. stocks rose to fresh 12-month highs on Monday as optimistic investors rode a wave of solid quarterly earnings, which continued after the session's close when Apple Inc's shares jumped on its results.

The Dow Jones industrial average <.DJI> added 96.28 points, or 0.96 percent, to end at 10,092.19. The Standard & Poor's 500 Index <.SPX> gained 10.23 points, or 0.94 percent, to 1,097.91. The Nasdaq Composite Index <.IXIC> rose 19.52 points, or 0.91 percent, to 2,176.32.

NYMEX-NEW YORK, Oct 19 (Reuters) - U.S. crude oil futures gained for the eighth consecutive day on Monday, finishing at yet another one-year high as a weakened dollar supported investment flows and technical resistance gave way at $79 a barrel.

The dollar hovered near a 14-month low against the euro as investors bet the Federal Reserve will hold U.S. interest rates near zero well into next year.

On the New York Mercantile Exchange, November crude , which is expiring on Tuesday, settled $1.08 higher, or 1.38 percent, at $79.61 a barrel, the highest since the $81.19 close Oct. 13, 2008. It traded from $78.05 to $79.69, highest intraday since prices hit $84.83 on Oct. 14, 20008.

CBOT-SOYBEANS
- November up 18-3/4 cents at $9.96-1/4 a bushel. U.S. harvest delays supportive, along with weaker dollar. Rains to move back into Midwest grain belt mid-week, adding to harvest delays. Strong export inspections support.

CBOT-SOYOIL
- December up 0.65 cent per lb at 37.59 cents per lb. Support from gains in soybeans.

FCPO-JAKARTA, Oct 19 (Reuters) - Malaysian crude palm oil futures rose 0.9 percent on Monday but came off a five-week intraday high after talk in late trade that the October 1-20 exports were smaller than earlier expected, traders said.

The benchmark January contract on the Bursa Malaysia Derivative Exchange settled up 19 ringgit to 2,197 ringgit ($651.35) a tonne, after going as high as 2,217 early, a level not seen since Sept. 10. Overall volume was 16,357 lots of 25 tonnes each, more than the usual 10,000 lots.

REGIONAL EQUITIES-BANGKOK, Oct 19 (Reuters) - Most Southeast Asian stock
markets gained on Monday, with Malaysia climbing to its highest in more than 16 months while Thailand outpaced regional peers as investors piled into energy and banking shares.

Malaysia's index <.KLSE> gained 0.4 percent, coming off an early high to close at its highest since May 30, 2008, led by a 2.5 percent rise in gaming group Genting and 1.5 percent gain in finance firm CIMB Group .

Singapore's index <.FTSTI> inched up 0.13 percent, led by telecoms firm Singapore Telecommunication which was up 2.3 percent while banking shares were mixed ahead of earnings announcements later this month.