Monday, September 13, 2010

Trader's Highlight

DJI-NEW YORK, Sept 10 (Reuters) - The Dow and S&P 500 were on track on Friday to close the week with a seventh gain in the last eight sessions, a period that has seen investors worst fears about the economy start to dissipate.

The Dow Jones industrial average <.DJI> gained 44.04 points, or 0.42 percent, to 10,459.28. The Standard & Poor's 500 Index <.SPX> rose 5.13 points, or 0.46 percent, to 1,109.31. The Nasdaq Composite Index <.IXIC> added 5.06 points, or 0.23 percent, to 2,241.26.

NYMEX-NEW YORK, Sept 10 (Reuters) - U.S. crude oil futures rebounded sharply on Friday, and closed out the week with a 2.5 percent gain, after a shutdown Thursday of a major oil pipeline from Canada to the U.S. Midwest spawned supply uncertainty.

On the New York Mercantile Exchange, October crude settled up $2.20, or 2.96 percent, at $76.45 a barrel, after hitting a session high of $76.59 at the end of the floor trading session, the loftiest since the intraday high of $76.63 on Aug. 17. It fell 42 cents, or 0.56 percent, to $74.25 on Thursday.

CBOT - CHICAGO, Sept 10 (Reuters) - Chicago Board of Trade grain and soy complex close on Friday.

CBOT-SOYBEANS - November down 15 cents per bushel at $10.31. Pressured by higher-than-expected U.S. 2010 soybean yield and production forecasts in USDA's September crop report. USDA forecast a record-large soy harvest of 3.48 billion bushels and a record-high yield of 44.7 bushels per acre.

CBOT-SOYOIL - October up 0.17 cent per lb at 41.36 cents per lb.

FCPO- KUALA LUMPUR, Sept 9 (Reuters) - Vegetable oil markets fell on Thursday as investors scurried away from risk, scared off by market rumours that Chinese authorities were investigating speculative funds seen behind volatility in commodity prices.

Malaysian crude palm oil futures fell 1.3 percent and eased from three-week highs, followed by U.S. soyoil for October delivery losing 1.3 percent. The most active May soyoil contract on Dalian tumbled more than 2 percent to a two-week low.

REGIONAL EQUITIES-BANGKOK, Sept 9 (Reuters) - Most Southeast Asian stock markets gained on Thursday as successful European bond auctions eased concerns over Europe's debt problems, reviving appetite for equities in the region despite caution ahead of market holidays.

Indonesia, Malaysia and the Philippines are also closed for Muslim holidays on Friday. Indonesia remains closed until next Wednesday but the others resume trading on Monday.

Asian stocks in general edged up and the yen held below a 15-year high on Thursday after a small rally on Wall Street driven by the successful European bond auctions. Malaysia <.KLSE> gained 0.25 percent, ending a run of four weak sessions, with daily volume falling to two-thirds of its 90-day average.