Monday, January 18, 2010

Trader's Highlight

DJI-NEW YORK, Jan 15 (Reuters) - U.S. stocks slid from 15-month highs on Friday after JPMorgan Chase & Co reported deep fourth-quarter loan losses that raised concerns about earnings for the banking industry.

Also weighing on stocks was consumers' caution about the economy as reflected in The Reuters/University of Michigan Surveys of Consumers. It showed preliminary sentiment was weaker than expected in early January due to worries over income and high unemployment.

NYMEX-NEW YORK
, Jan 15 (Reuters) - U.S. crude oil futures ended lower for the fifth day in a row on Friday as milder Northeast temperatures signaled weaker heating oil demand. A stronger dollar added pressure, prompting traders to pare positions in oil and other commodities.

On the New York Mercantile Exchange, February crude , which expires on Wednesday, settled down $1.39, or 1.75 percent, at $78 a barrel, the lowest close since Dec. 23's $76.67. For the week, it fell $4.75, or 5.7 percent, biggest
weekly loss since week to Dec. 11's fall of $5.60, or 7.4 percent. It traded from $79.31 down to $77.70, lowest since Dec. 14's $76.19 intraday low.

CBOT-CHICAGO, Jan 15 (Reuters) - Chicago Board of Trade grains and soy complex close on Friday.

CBOT-SOYBEANS
- March down 10 cents at $9.74 per bushel.Dragged down by good crop weather in South America's soy areas, a firm dollar and weak crude oil. Declines limited by short-covering after the steep slide in prices this week.

CBOT-SOYOIL
- March down 1.00 cent at 37.53 cents per lb. Drop in crude oil lends pressure.

FCPO-JAKARTA,
Jan 15 (Reuters) - Malaysian crude palm oil futures suffered their worst week in nearly four months, closing Friday's session down 5.3 percent from a week ago, dragged by weaker crude oil and rival soy prices, traders said.

On the day, the benchmark March contract on the Bursa Malaysia Derivatives Exchange settled down 43 ringgit, or 1.7 percent, at 2,487 ringgit ($745), its weakest close since Dec. 3.

REGIONAL EQUITIES0-BANGKOK
, Jan 15 (Reuters) - Singapore's benchmark index ended flat on Friday and Thai stocks retreated after two days of gains because of losses in banking and energy shares. The Straits Times Index <.FTSTI> closed 0.04 percent lower, with Ezra Holdings sliding 4.6 percent on profit-taking, even though the marine energy services firm reported a 93 percent rise in quarterly net profit on Thursday.

Malaysia <.KLSE> was up 0.3 percent, with gaming group Genting up 1.2 percent and Public Bank 1.04 percent higher. But shares in Malaysian rubber glove makers ran into profit-taking, with Supermax down 7.8 percent, Adventa down 6.6 percent and Kossan Rubber dropping 1.8 percent.