Wednesday, September 15, 2010

Trader's Event

BMD market will be close on 16th Sept 2010 for Malaysia Day.

Trader's Highlight

DJI-NEW YORK, Sept 14 (Reuters) - U.S. stocks were little changed on Tuesday after promising data from the retail sector fed recent optimism that the economic recovery, while slow, is proceeding.

Retailers were a bright spot after data showed U.S. retail sales rose in August for their largest gain in five months. Best Buy Co Inc's higher-than-expected quarterly profit and raised outlook validated the government figures.

The Dow Jones industrial average <.DJI> dropped 17.64 points, or 0.17 percent, to 10,526.49. The Standard & Poor's 500 Index <.SPX> shed 0.80 points, or 0.07 percent, to 1,121.10. The Nasdaq Composite Index <.IXIC> gained 4.06 points, or 0.18 percent, to 2,289.77.

NYMEX-NEW YORK, Sept 14 (Reuters) - U.S. crude oil futures ended lower on Tuesday amid expectations of a quicker restart for a damaged Enbridge pipeline that sends oil from Canada to the U.S. Midwest.

On the New York Mercantile Exchange, crude for October delivery settled down 39 cents, or 0.51 percent, at $76.80 a barrel, after trading from $76.21 to $77.99.

CBOT-CHICAGO,
Sept 14 (Reuters) - Chicago Board of Trade grain and soy complex close on Tuesday.

CBOT-SOYBEANS -
September expired down 1/4 cent at $10.25 per bushel, November up 1 at $10.35-1/2. Turned firm, erasing early weakness on strength in corn and dollar weakness. Rally limited by the early harvest of a likely record large U.S. soybean crop. USDA said 63 percent of the U.S. soybean crop was rated good/excellent, down from 64 percent a week ago.USDA said 38 percent of the soy crop was dropping leaves. NOPA August soy crush 122.397 million bushels, above the average trade estimate of 121 million.

CBOT-SOYOIL -
September expired down 0.14 cent per lb at 41.20. October down 0.09 cent per lb at 41.33.

FCPO-KUALA LUMPUR, Sept 14 (Reuters) - Malaysian crude palm oil futures fell on Tuesday after hitting a fresh one-month high earlier in the day, as traders shifted their focus to prospects of rising supplies in the months to come.

Crude oil, hovering near one-month highs, gave markets some support, although traders were eyeing a slew of data on Malaysian palm oil stocks, production and exports due on Wednesday that may point to rising supply.

The benchmark November crude palm oil contract on Bursa Malaysia Derivatives Exchange dropped 1.2 percent to 2,643 ringgit ($852.3) after touching an intraday high of 2,690 ringgit -- a level unseen since Aug. 16.

REGIONAL EQUITIES-BANGKOK,
Sept 14 (Reuters) - Thai stocks fell on Tuesday as investors booked quick profits in big-caps while Southeast Asian stocks in general ended mixed, pausing after recent strong gains.

Singapore's index <.FTSTI> fell 0.6 percent after climbing to a 27-month high on Monday while the Philippines <.PSI> eased 0.1 percent after touching an intra-day record high.

Growing appetite for risky assets globally has sent Southeast Asian indexes to multi-year highs. Singapore and Malaysia, hovering around 2-1/2-year highs, both saw turnover on Tuesday more than double their five-day and 30-day average. Malaysia's main share index, bucking the regional trend, ended up 1.2 percent at 1,474.44.