Shortly before the market closed, Dubai's largest company said its planned restructuring of some units involved $26 billion in debt, easing some concerns about the size of Dubai's financial problems.
The Dow Jones industrial average <.DJI> rose 34.92 points, or 0.34 percent, to end at 10,344.84. The Standard & Poor's 500 Index <.SPX> was up 4.14 points, or 0.38 percent, at 1,095.63. The Nasdaq Composite Index <.IXIC> was up 6.16 points, or 0.29 percent, at 2,144.60.
NYMEX-NEW YORK, Nov 30 (Reuters) - U.S. crude oil futures ended more than a dollar higher on Monday, rebounding from Friday's heavy losses as a weak dollar attracted buyers and geopolitical risk premium related to Iran also raised jitters, traders and analysts said.
They cited fears over Iran's announcement on Sunday that it planned to build 10 uranium enrichment plants and news late on Monday that Iran had restructured its naval forces for operations in the Persian Gulf in the event of a conflict.
On the New York Mercantile Exchange, January crude
CBOT-SOYBEANS - January
CBOT-SOYOIL - December
FCPO-KUALA LUMPUR, Nov 30 (Reuters) - Malaysian crude palm oil futures edged lower as financial markets looked for signs that Dubai's debt problems might slow the global economic recovery.
The benchmark February contract
REGIONAL EQUITIES-BANGKOK, Nov 30 (Reuters) - Most Southeast Asian stock markets rose on Monday, with gains led by top financial counters after the United Arab Emirates' pledge of support for its banks, lifting Thailand's Bangkok Bank and Indonesia's Bank Mandiri from multi-week lows.
Regional stocks and currencies rose as the panic surrounding the Dubai debt problems subsided and investors realised local exposure to Dubai was limited, analysts said. Some felt the reaction to the whole saga had probably been overdone.
In Singapore, the index <.FTSTI> shed 1.1 percent to its lowest in more than two weeks, dragged down by a loss of nearly 3 percent in DBS Group
Elsewhere in the region, Malaysia <.KLSE> fell 0.9 percent after trade resumed on Monday following a holiday last Friday. Markets in the Philippines <.PSI> were shut for a holiday.