Thursday, September 9, 2010
Trader's Event
BMD market will be close on 9th Sept afternoon session and 10th Sept for Hari Raya celebration. We wish Muslim Clients, Associates & Friends Selamat Hari Raya Aldil Fitri & Happy Holiday.
Trader's Highlight
DJI-NEW YORK, Sept 8 (Reuters) - U.S. stocks rose on Wednesday as investors latched onto positive news out of Europe in the latest in a string of low-volume sessions suggesting little confidence in market direction.
After last week's sharp bounce in equity markets halted the August sell-off, the S&P is nearing the top of its recent trading range. Low volume suggests investors aren't entirely convinced the market can move substantially higher.
The Dow Jones industrial average <.DJI> rose 46.32 points, or 0.45 percent, at 10,387.01. The Standard & Poor's 500 Index <.SPX> added 7.03 points, or 0.64 percent, at 1,098.87. The Nasdaq Composite Index <.IXIC> climbed 19.98 points, or 0.90 percent, at 2,228.87.
NYMEX-NEW YORK, Sept 8 (Reuters) - U.S. crude oil futures rebounded on Wednesday, after two losing sessions, as a weaker dollar and stronger equities encouraged investors to turn to riskier assets.
On the New York Mercantile Exchange, October crude settled up 58 cents, or 0.78 percent, at $74.67 a barrel, trading from $73.37 to $75.39.
CBOT-Sept 8 (Reuters) - Chicago Board of Trade grain and soy complex close on Wednesday.
CBOT-SOYBEANS - September down 2-1/2 cents at $10.41-1/4 per bushel, November down 3-1/4 at $10.48-3/4. * Spillover pressure from falling wheat weighed on the soybean market. Soy gained early amid good export demand.
CBOT-SOYOIL - September down 0.10 cent at 41.16 cents per lb.
FCPO-KUALA LUMPUR, Sept 8 (Reuters) - Malaysian crude palm oil futures hit fresh three-week highs on Wednesday as traders bet on a recovery in exports this month even as news of China buying rival soyoil prompted some pullback.
The benchmark November crude palm oil contract on Bursa Malaysia Derivatives Exchange rose 46 ringgit to settle at 2,674 ringgit ($855.7) per tonne, a level unseen since Aug 17.
REGIONAL EQUITIES-BANGKOK, Sept 8 (Reuters) - Most Southeast Asian stock markets drifted lower on Wednesday as renewed concerns about the health of the European banking sector took away the appetite for regional equities.
Singapore's index <.FTSTI> dropped 0.8 percent, snapping a five-day run to a one-month high. Malaysia <.KLSE> and Thailand <.SETI> ended flat, each falling to one-week lows in early trade.
After last week's sharp bounce in equity markets halted the August sell-off, the S&P is nearing the top of its recent trading range. Low volume suggests investors aren't entirely convinced the market can move substantially higher.
The Dow Jones industrial average <.DJI> rose 46.32 points, or 0.45 percent, at 10,387.01. The Standard & Poor's 500 Index <.SPX> added 7.03 points, or 0.64 percent, at 1,098.87. The Nasdaq Composite Index <.IXIC> climbed 19.98 points, or 0.90 percent, at 2,228.87.
NYMEX-NEW YORK, Sept 8 (Reuters) - U.S. crude oil futures rebounded on Wednesday, after two losing sessions, as a weaker dollar and stronger equities encouraged investors to turn to riskier assets.
On the New York Mercantile Exchange, October crude settled up 58 cents, or 0.78 percent, at $74.67 a barrel, trading from $73.37 to $75.39.
CBOT-Sept 8 (Reuters) - Chicago Board of Trade grain and soy complex close on Wednesday.
CBOT-SOYBEANS - September down 2-1/2 cents at $10.41-1/4 per bushel, November
CBOT-SOYOIL - September down 0.10 cent at 41.16 cents per lb.
FCPO-KUALA LUMPUR, Sept 8 (Reuters) - Malaysian crude palm oil futures hit fresh three-week highs on Wednesday as traders bet on a recovery in exports this month even as news of China buying rival soyoil prompted some pullback.
The benchmark November crude palm oil contract
REGIONAL EQUITIES-BANGKOK,
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