Trader's HIghlight

DJI-NEW YORK, Aug 2 (Reuters) - U.S. stocks closed at their highest level in 10 weeks on Monday and the S&P 500 pierced key technical levels as a weaker U.S. dollar lifted the energy and raw materials sectors.

Strong results in Europe from BNP Paribas SA and HSBC Plc added to the upbeat tone and lifted U.S. bank stocks. JPMorgan Chase & Co rose 3.4 percent to $41.64 and the KBW Bank index <.BKX> gained 3.2 percent.

The Dow Jones industrial average <.DJI> gained 208.44 points, or 1.99 percent, to 10,674.38. The Standard & Poor's 500 Index <.SPX> advanced 24.26 points, or 2.20 percent, to 1,125.86. The Nasdaq Composite Index <.IXIC> rose 40.66 points, or 1.80 percent, to 2,295.36.

NYMEX-NEW YORK, Aug 2 (Reuters) - U.S. crude oil futures rose 3.03 percent on Monday to break above $80 a barrel to its highest level in nearly three months, as the dollar weakened and strong corporate earnings helped fuel optimism for growth and push equity markets higher.

Traders also eyed the high possibility of a tropical cyclone forming in the Atlantic that was supportive to oil prices and sources said buy stops triggered when oil prices moved above $80 adding to the momentum.

On the New York Mercantile Exchange, September crude rose $2.39, or 3.03 percent, to settle at $81.34 a barrel, the highest close since ending at $82.74 on May 5.

CBOT-CHICAGO, Aug 2 (Reuters) - Chicago Board of Trade grain and soy complex close on Monday.

CBOT-SOYBEANS - August up 3/4 cent at $10.53-1/4 per bushel; new-crop November up 5 at $10.10. Support from wheat amid drought in Russia; drought in Europe also trimming rapeseed prospects. Heat and dryness a concern in the U.S. Delta. Weak dollar, soaring crude oil and fresh export demand add support.

CBOT-SOYOIL - August up 0.61 cent at 40.44 cents per lb. Following soybeans higher; strength in crude oil adds support.

FCPO-JAKARTA, Aug 2 (Reuters) - Malaysian crude palm oil jumped on Monday to hit a three-and-a-half month high after a top analyst said a lower European rapeseed crop will spur more imports for other vegetable oils, including palm, and as soybeans gained.

High export figures and gains in crude oil also helped palm oil to jump higher, traders said.

The benchmark October contract on Bursa Malaysia's Derivatives Exchange closed up 53 ringgit or 2.11 percent to 2,570 ringgit ($813) a tonne by lunch break after trading as high as 2,583 ringgit -- a level not seen since April 9. Overall volumes rose to 16,141 lots of 25 tonnes each from the usual 10,000 lots.

REGIONAL EQUITIES-BANGKOK, Aug 2 (Reuters) - Singapore's stock market hit a 15-week high on Monday due to optimism over corporate results and high dividend payouts while Thai stocks climbed to their highest level in 26 months, supported by the recovery in the economy. Investors around Asia shrugged off news Chinese manufacturing shrank in July.

Singapore's index <.FTSTI> gained 1.25 percent after firms released quarterly earnings mostly in line with the consensus and announced higher dividends than last year, while the city-state's strong economic expansion also boosted the earnings outlook.

Singapore Exchange rose 1.7 percent after the bourse operator raised its final dividend to 15.75 Singapore cents a share from 15.50 cents last year. OCBC gained 0.6 percent after a positive outlook from the CEO of Singapore's second-biggest lender.

In Kuala Lumpur, Malaysia's main share index <.KLSE> gained 0.2 percent. Tanjong , which run utilities and gaming businesses, jumped 18.2 percent after a buyout offer from a vehicle of Malaysian billionaire Ananda Krishnan.