Trader's Highlight

DJI-NEW YORK, Sept 1 (Reuters) - Wall Street posted its best day in eight weeks on Wednesday as investor mood brightened after better-than-expected factory data from the United States and China.

Investors jumped on stocks across the market, with more than six shares rising for every one that fell on the New York Stock Exchange, while on the Nasdaq, nearly five stocks rose for every one that fell. The broad Russell 3000 index <.RUA> had 21 advancers for each declining stock.

The Dow Jones industrial average <.DJI> rose 254.75 points, or 2.54 percent, to 10,269.47. The Standard & Poor's 500 Index <.SPX> added 30.96 points, or 2.95 percent, to 1,080.29. The Nasdaq Composite Index <.IXIC> gained 62.81 points, or 2.97 percent, to 2,176.84.

NYMEX-NEW YORK, Sept 1 (Reuters) - U.S. crude oil futures rose more than 2 percent on Wednesday, rebounding after two straight lower settlements as strong manufacturing data from China and the United States revived risk appetite and countered recent concern about tepid oil demand.

The encouraging economic data and weaker dollar helped offset the government's weekly inventory report that showed U.S. crude oil stocks rose more than expected last week.

On the New York Mercantile Exchange, October crude rose $1.99, or 2.77 percent, to settle at $73.91, trading from $71.67 to $74.48.

CBOT-CHICAGO, Sept 1 (Reuters) - U.S. wheat futures on the Chicago Board of Trade rallied on Wednesday on news that Egypt bought U.S. wheat at its latest tender and on news Germany bought U.S. wheat for the first time in three years, traders said.

CBOT-SOYBEANS - September down 3-1/2 cents at $10.04-1/2 per bushel, November down 4-1/2 at $10.05-1/2. Seasonal soybean harvest pressure and softening cash markets weighed on prices.

CBOT-SOYOIL - September up 0.07 cent at 39.55 cents per lb.

FCPO-KUALA LUMPUR, Sept 1 (Reuters) - Malaysian crude palm oil futures ended more than 1 percent lower on Wednesday, as players booked profits after data from cargo surveyors showed lacklustre overseas demand. Malaysia's August palm oil exports fell 17 percent from a month ago, as the world's No. 2 oil consumer China slowed buying due to ample stockpiles.

The benchmark November crude palm oil contract on Bursa Malaysia Derivatives Exchange dropped 35 ringgit to 2,535 ringgit ($806.5) per tonne. The Malaysian market was closed the previous day for the national day holiday.

REGIONAL EQUITIES-BANGKOK, Sept 1 (Reuters) - Indonesian shares rose 1.7 percent to snap a three-day losing streak on Wednesday as fears over inflation eased, while strong growth in emerging Southeast Asian economies supported other markets in the region.

Annual inflation in Indonesia, Southeast Asia's biggest economy, was lower than expected in August, cementing expectations the central bank will hold interest rates at a record low at a policy review on Friday.

Singapore <.FTSTI> closed at the day's high, adding 1.1 percent to a three-week high. Malaysia <.KLSE>, resuming trade after a holiday, rose 0.7 percent to a 2-1/2-year high and Thailand <.SETI> gained 0.7 percent, scaling a 14-year high at one point.