Monday, November 16, 2009

Trader's Highlight

DJI-NEW YORK, Nov 13 (Reuters) - U.S. stocks rose in light volume on Friday to achieve a second straight week of gains as upbeat retail news reinforced hopes for strong sales in the key holiday season

The Dow Jones industrial average <.DJI> added 73.00 points, or 0.72 percent, to end at 0,270.47. The Standard & Poor's 500 Index <.SPX> rose 6.24 points, or 0.57 percent, to 1,093.48. The Nasdaq Composite Index <.IXIC> rose 18.86 points, or 0.88
percent, to close 2,167.88.

NYMEX-NEW YORK, Nov 13 (Reuters) - U.S. crude futures fell on Friday on demand worries as souring consumer sentiment and a bigger trade deficit raised fresh concerns about the economic recovery.

On the New York Mercantile Exchange, December crude settled down 59 cents, or 0.77 percent, at $76.35 a barrel, trading from $75.57 to $77.67. The day's low was the cheapest since prices hit $74.79 on Oct. 15. For the week, the NYMEX contract fell $1.30, or 1.67 pct.

CBOT-SOYBEANS - November expired up 1-3/4 cents at $9.84 a bushel, January down 3 at $9.87; deferreds down 1 to 3-1/2.

Late profit-taking and fund selling weighed on soybeans after early support from big U.S. soy exports and spillover buying from soymeal. National Oilseed Processors Assn to report October crush figures on Monday.

CBOT-SOYOIL - December up 0.24 cent per lb at 38.61 cents per lb; deferreds up 0.16 to 0.25 cent per lb.

FCPO-KUALA LUMPUR, Nov 13 (Reuters) - Malaysian crude palm oil futures rose 1 percent on Friday on fears monsoon rains would hurt production this month as well as expectations of rising exports.

The benchmark January contract on Bursa Malaysia Derivatives Exchange rose 23 ringgit to 2,268 ringgit ($671.8) per tonne.

REGIONAL EQUITIES-BANGKOK, Nov 13 (Reuters) - Most Major Southeast Asian stock
markets eked out small gains on Friday, with buying interest in Adaro Energy and Bank Nagara pushing Indonesia higher while upbeat quarterly earnings shored up sentiment in Thailand.

Singapore's index <.FTSTI> inched up 0.04 percent, although big palm plantation firm Wilmar International fell 2 percent as Malaysian crude palm oil futures made little headway on Friday.

Malaysia's index <.KLSE> edged down 0.06 percent, with Sime Darby sliding 0.3 percent and IOI Corp easing 0.4 percent.

The listing of Maxis, Malaysia's biggest mobile phone operator, which will start trading on Nov. 19, should lift sentiment in Kuala Lumpur, analysts said.