Trader's Highlight

DJI-NEW YORK, May 10 (Reuters) - U.S. stocks racked up their biggest one-day gain in over a year on Monday as an agreement on a $1 trillion emergency rescue package from the EU quelled fears a new credit crisis would derail European economies.

The bailout fund approved by European leaders in the early hours of Monday drove the S&P 500 to its highest opening jump on record as indexes rushed back into positive territory for the year after last week's sharp slide.

The Dow Jones industrial average <.DJI> gained 404.71 points, or 3.90 percent, to 10,785.14. The Standard & Poor's 500 Index <.SPX> rose 48.85 points, or 4.40 percent, to 1,159.73. The Nasdaq Composite Index <.IXIC> added 109.03 points, or 4.81 percent, to 2,374.67.

NYMEX-NEW YORK, May 10 (Reuters) - U.S. crude futures rose sharply on Monday on news the huge rescue aid package attempting to stem the euro zone debt crisis that had rattled commodities and equities markets last week.

The euro rallied from last week's 14-month low against the dollar on Monday after policymakers agreed on a $1 trillion emergency package to stabilize the euro and euro zone central banks began buying local government debt.

On the New York Mercantile Exchange at 10:14 a.m. EDT (1414 GMT), June crude was up $2.11, or 2.81 percent, at $77.22 a barrel, trading from $75.80 to $78.51.

CBOT-CHICAGO, May 10 (Reuters) - Chicago Board of Trade grains and soy complex close on Monday.
NOTE: U.S. equities and crude oil markets climb following weekend news of a $1 trillion emergency package aimed at preventing Greece's debt crisis from spreading through the euro zone.

CBOT-SOYBEANS - July up 1 cent at $9.61 per bushel; new-crop November up 1/2 at $9.34-3/4. Buoyed by weaker dollar, strength in equities markets. Nearbys gain on new-crop November on bull-spreading.

CBOT-SOYOIL - July down 0.05 cent at 38.39 cents per lb. Turning mixed after early strength; losing ground to soymeal on meal/oil spreads.

FCPO-JAKARTA, May 10 (Reuters) - Malaysia palm oil futures firmed on Monday to settle 0.4 percent higher supported by low opening stocks, while investors remain cautious because of the strengthening ringgit currency.

Malaysia's April palm oil stocks fell to a 7-month low due to the combination of overseas and local demand as well as sluggish output.

Industry regulator Malaysian Palm Oil Board reported the country's April palm oil stocks fell 2.0 percent to 1,62 million tonnes from a revised 1,65 million tonnes in March. The drop was smaller than the market's expectation of a 4 percent decline.

The benchmark July palm oil contract on the Bursa Malaysia Derivatives rebounded 0.4 percent higher, or 10 ringgit, to 2,529 ringgit ($808.77) a tonne, after hitting a low of 2,507 ringgit. Overall volume traded was 14,450 lots of 25 tonnes each, compared with the daily average volume of 10,000 lots.

REGIONAL EQUITIES-BANGKOK, May 10 (Reuters) - Indonesian stocks gained over 4 percent on Monday after strong first-quarter GDP, and other Southeast Asian markets gained as worries about euro zone debt eased after a European Union package to address the crisis.

Regional markets rallied after news of a plan put together by the European Union and the International Monetary Fund to prevent a sovereign debt crisis from spreading.

Singapore <.FTSTI> rose 2.1 percent, Malaysia <.KLSE> was up 0.08 percent and Thailand <.SETI> rose more than 1 percent. In Singapore, banking shares reversed recent losses, led by a 3.7 percent surge to S$19.42 in United Overseas Bank . DBS posted a smaller gain of 1.95 percent to S$14.64.

In Malaysia, Tenaga Nasional rose 1.4 percent and financial CIMB Group was up 0.7 percent.