another late-day reversal on Wednesday to end lower as news
suggesting China was reassessing its euro-zone debt holdings
pushed investors into profit-taking mode.
The Dow closed below 10,000 for the first time since Feb.
8. The late turnaround in stocks showing investor psyche
remains fragile, and investors are inclined to sell strength
in this volatile rumor-driven market.
NYMEX-NEW YORK, May 26 (Reuters) - U.S. crude oil futures settled
4 percent higher on Wednesday, on revived risk appetite helping
lift broader markets, combined with government data indicating
better oil demand helping to fuel a technical bounce in
oversold oil markets.
"It was a rebound back into risk assets, helped by the
durable goods data, that extended the lift from equities that
developed late on Tuesday," said Matt Smith, energy analyst at
Summit Energy in Louisville, Kentucky.
CBOT-CHICAGO, May 26 (Reuters) - Chicago Board of Trade grain and soy complex close on Wednesday.
CBOT-SOYBEANS - July
* Rebounding from Tuesday's slide on oversold technicals, firm cash markets, slow farmer selling, higher equities and gains in crude oil.
CBOT-SOYOIL - July
* Support from higher crude oil, soybeans and a rebound in equities markets in addition to support from oil/meal spreading.
FCPO-JAKARTA, May 26 (Reuters) - Malaysian palm oil futures ended
higher on Wednesday, countering a decline of more than 2 percent
the previous day, as crude oil rose on signs a U.S. supply glut
will ease.
The benchmark August crude palm oil futures
Bursa Malaysia Derivatives Exchange rose 0.66 percent, or 16
ringgit, to 2,452 ringgit ($813.3) a tonne, after hitting a high
of 2,480 ringgit. Traded volume stood at 14,782 lots of 25
tonnes each.
REGIONAL EQUITIES-BANGKOK, May 26 (Reuters) - Indonesian stocks surged 7.3
percent on Wednesday, rebounding from three-month lows the day
before and leading gains in Southeast Asia as Bumi Resources
In Singapore, Noble Group
Fitch Ratings revised the outlook on the commodity firm's
long-term foreign currency Issuer Default Rating (IDR) to
positive from stable.
