The benchmark S&P 500 climbed to a 17-month closing high in a late-day rally sparked by rising retail and banking shares, including a 5.6 percent jump in Citigroup Inc
Shares worldwide had been under water for most of the day after the spurt in Chinese inflation to 16-month highs sparked concerns China may tighten monetary policy sooner rather than later to curb economic growth and inflation.
The Dow Jones industrial average <.DJI> closed up 44.51 points, or 0.42 percent, at 10,611.84. The Standard & Poor's 500 Index <.SPX> climbed 4.60 points, or 0.40 percent, at 1,150.21. The Nasdaq Composite Index <.IXIC> was up 9.51 points, or 0.40 percent, at 2,368.46.
NYMEX-NEW YORK, March 11 (Reuters) - U.S. crude oil futures ended little changed on Thursday, taking a pause under an eight-week high reached on Wednesday, amid mixed U.S. economic data and uncertainty about China's monetary outlook.
NYMEX crude futures turned in an inside day -- when the session's high and low are within the previous day's range.
On the New York Mercantile Exchange, April
CBOT - CHICAGO, March 11 (Reuters) - Chicago Board of Trade grains and soy complex close on Thursday.
CBOT-SOYBEANS - May
CBOT-SOYOIL - May
FCPO-JAKARTA, March 11 (Reuters) - Malaysian palm oil futures ended lower on Thursday, with selling triggered by a bearish crude oil and soyoil market, traders said.
The benchmark May crude palm oil futures
REGIONAL EQUITIES-COLOMBO, March 11 (Reuters) - Most Southeast Asian stock markets rose on Thursday, with Singapore climbing to a seven-week high, led by banking shares, and Thailand rising for a second day despite political worries ahead of a big anti-government rally.
Indonesia and the Philippines gained, but Malaysia and Vietnam bucked the trend, closing in the red.
Singapore <.FTSTI> gained 0.4 percent to its highest since Jan. 21, with top lender DBS Group
In Kuala Lumpur, the index <.KLSE> fell 0.5 percent after hitting its highest since March 2008 the previous session, led by a 1.7 percent fall in CIMB Group