BUENOS AIRES, April 3 (Reuters) - Argentina will formally complain on Monday to China over Beijing's plans to block soy oil imports from the South American country, the foreign ministry said early on Saturday.
Foreign Minister Jorge Taiana has called Chinese Ambassador Zeng Gang for a meeting where he will express that the Argentine government is "upset and worried" about Chinese measures against its soy oil, the foreign ministry press office said.
Tuesday, April 6, 2010
Trader's Highlight
DJI-NEW YORK, April 5 (Reuters) - U.S. stocks rose on Monday, pushing the Dow up near the 11,000 level, as signs of a turnaround in the U.S. labor market bolstered hopes the economy is strengthening and the profit outlook is brightening.
Shares of natural resources companies led the gains on expectations that an improving economy would drive up demand.
The Dow Jones industrial average <.DJI> gained 46.48 points, or 0.43 percent, to end at 10,973.55. The Standard & Poor's 500 Index <.SPX> rose 9.34 points, or 0.79 percent, to finish at 1,187.44. The Nasdaq Composite Index <.IXIC> shot up 26.95 points, or 1.12 percent, to 2,429.53.
NYMEX-NEW YORK, April 5 (Reuters) - U.S. crude oil futures ended above $86 a barrel, the highest close in 18 months, as the market brimmed with optimism that economic recovery was taking hold in the wake of Friday's positive jobs report.
Fresh economic data on Monday, when trading resumed after a long holiday weekend, showed an unexpected rise in February pending home sales and an improved gauge of the services sector in March, adding more bounce for oil.
On the New York Mercantile Exchange, May crude settled up $1.75, or 2.06 percent, at $86.62 a barrel, the highest close since Oct. 8, 2008's $88.95. It traded from $85.06 to $86.90, highest intraday price since Oct. 9, 2008's $89.82.
CBOT-CHICAGO, April 5 (Reuters) - Chicago Board of Trade grains and soy complex close on Monday.
CBOT-SOYBEANS - May down 6 cents at $9.36 a bushel; November down 3-1/2 at $9.22-1/4. Choppy. Last week's resolution of Argentine port strike pressures market along with ongoing harvest of a huge South American soy crop.
CBOT-SOYOIL - May up 0.37 cent at 39.35 cents per lb. Gaining against soymeal on oil/meal spreading.
FCPO-KUALA LUMPUR, April 5 (Reuters) - Malaysian palm oil futures fell 1.1 percent Monday as the stronger ringgit currency offset earlier crude oil-driven gains.
Commodities across the board were up on the weaker U.S. dollar but palm oil erased its gains made in the morning session as the Malaysian currency hit a 21-month high, chewing into refiner margins.
The benchmark June crude palm oil contract on the Bursa Malaysia Derivatives Exchange fell 29 ringgit to settle at 2,530 ringgit ($784.2) after rising as high as 2,588 ringgit.
Traded volume rose to 17,008 lots of 25 tonnes each from the usual 10,000 lots, suggesting that traders were booking profits.
REGIONAL EQUITIES-BANGKOK, April 5 (Reuters) - Indonesia's stock index <.JKSE> hit a record high on Monday on expectations the central bank would leave interest rates on hold this week, while Thailand ended higher despite mounting political protests in Bangkok.
Strong economic prospects continued to attract funds into the region, sending Singapore <.FTSTI> up 0.86 percent to a 23-month high and Malaysia <.KLSE> up 0.43 percent to a 25-month highs and helping Thailand <.SETI> reverse early losses.
In Singapore, property shares were among actively traded stocks as home prices continued to rise following reported record transactions in recent weeks, with City Development, and Fraser & Neave both rising over 1 percent.
In Kuala Lumpur, financials led advancers, with CIMB Group climbing 1.1 percent and Public Bank 1.7 percent.
Shares of natural resources companies led the gains on expectations that an improving economy would drive up demand.
The Dow Jones industrial average <.DJI> gained 46.48 points, or 0.43 percent, to end at 10,973.55. The Standard & Poor's 500 Index <.SPX> rose 9.34 points, or 0.79 percent, to finish at 1,187.44. The Nasdaq Composite Index <.IXIC> shot up 26.95 points, or 1.12 percent, to 2,429.53.
NYMEX-NEW YORK, April 5 (Reuters) - U.S. crude oil futures ended above $86 a barrel, the highest close in 18 months, as the market brimmed with optimism that economic recovery was taking hold in the wake of Friday's positive jobs report.
Fresh economic data on Monday, when trading resumed after a long holiday weekend, showed an unexpected rise in February pending home sales and an improved gauge of the services sector in March, adding more bounce for oil.
On the New York Mercantile Exchange, May
CBOT-CHICAGO, April 5 (Reuters) - Chicago Board of Trade grains and soy complex close on Monday.
CBOT-SOYBEANS - May
CBOT-SOYOIL - May
FCPO-KUALA LUMPUR, April 5 (Reuters) - Malaysian palm oil futures fell 1.1 percent Monday as the stronger ringgit currency offset earlier crude oil-driven gains.
Commodities across the board were up on the weaker U.S. dollar but palm oil erased its gains made in the morning session as the Malaysian currency hit a 21-month high, chewing into refiner margins.
The benchmark June crude palm oil contract
Traded volume rose to 17,008 lots of 25 tonnes each from the usual 10,000 lots, suggesting that traders were booking profits.
REGIONAL EQUITIES-BANGKOK, April 5 (Reuters) - Indonesia's stock index <.JKSE> hit a record high on Monday on expectations the central bank would leave interest rates on hold this week, while Thailand ended higher despite mounting political protests in Bangkok.
Strong economic prospects continued to attract funds into the region, sending Singapore <.FTSTI> up 0.86 percent to a 23-month high and Malaysia <.KLSE> up 0.43 percent to a 25-month highs and helping Thailand <.SETI> reverse early losses.
In Singapore, property shares were among actively traded stocks as home prices continued to rise following reported record transactions in recent weeks, with City Development
In Kuala Lumpur, financials led advancers, with CIMB Group
DJI Daily: Close to 11,000 levels
Market violated the recent high and pushed to close near to 11,000 levels had strengthened further the market upward momentum. Hence, immediate upside resistance is pegged at 11,000-11,160 followed by 11,500. To the downside, support is lies at 10,800 levels.
FKLI Daily: Uptrend likely to extend
Market fully covered the gap left over at 1345-1348 levels and maintain in upward posture steadily. Thus, we are now looking for the upside resistance at 1360-1375 followed by 1390-1400. While, downside support is adjusted to 1315-1310.
FCPO Daily: Market direction unclear
Market continue to stuck in range trading between 2500 to 2600 levels. Breakout from the either way may provide a more clearer direction to the market in near term.
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