Investors were caught off guard after package company FedEx Corp
$78.07.
The U.S. government said housing starts fell more than expected in May, underscoring the uneven nature of the economic recovery and casting a shadow over better-than-expected industrial production data for the same month.
NYMEX - NEW YORK, June 16 (Reuters) - U.S. crude oil futures rose a third straight session on Wednesday, ending a choppy session at a six-week high amid mixed economic data and a government inventory report that showed crude oil stocks rose and gasoline stocks fell last week.
"The ability of the energy complex to advance significantly today without much assistance from the euro or equities suggests an energy momentum play at work," Jim Ritterbusch, president at Ritterbusch & Associates, said in a note.
Oil prices have rebounded from the 2010 low of $64.24 a barrel struck May 20. The S&P 500 index moved above its 200-day moving average on Tuesday, helping push NYMEX crude above its own key 200-day moving average.
CBOT - SOYBEANS - July
CBOT - SOYOIL - July
FCPO - KUALA LUMPUR, June 16 (Reuters) - Malaysian crude palm oil futures rose on Wednesday after hitting seven-month lows earlier in the day as healthy demand for European debt securities re-ignited hopes for global economic growth.
World stocks hit a one-month high and the euro briefly hit a two-week peak as strong gains on Wall Street and the relative success of this week's European debt auctions encouraged risk taking.
The benchmark September crude palm oil contract
Traded volume was heavy, almost doubling to 19,375 lots of 25 tonnes each.
REGIONAL EQUITIES - BANGKOK, June 16 (Reuters) - Indonesian shares climbed to
their highest level in six weeks on Wednesday as investors piled into index heavyweights amid general optimism over the economy on a day its central bank announced measures to manage capital flows.
Jakarta's benchmark stock index <.JKSE> finished the session 1 percent higher, at one point touching its highest since May 5.
Successful European debt auctions boosted hopes for global growth and lifted sentiment in Asian stock markets, with Singapore <.FTSTI> at its highest in almost five weeks, Malaysia <.KLSE> at four-week highs and Thailand <.SETI> six-week highs.