Wednesday, September 29, 2010

Trader's Highlight

DJI-NEW YORK, Sept 28 (Reuters) - U.S. stocks rose on Tuesday as latecomers jumped onto the September bandwagon, buying up sectors that have outperformed during the month.

The S&P 500 has risen 9.4 percent so far in September, historically the worst month for stocks.

The Dow Jones industrial average <.DJI> gained 46.10 points, or 0.43 percent, to end at 10,858.14. The Standard & Poor's 500 Index <.SPX> rose 5.54 points, or 0.49 percent, to 1,147.70. The Nasdaq Composite Index <.IXIC> advanced 9.82 points, or 0.41 percent, to 2,379.59.

NYMEX-NEW YORK, Sept 28 (Reuters) - U.S. crude oil futures ended lower on Tuesday, prompted by a late sell-off after the front-month November contract failed to hurdle resistance at the previous day's high.

Before the sell-off, crude futures had recouped early session losses, spurred by a weakening of the dollar, which steered oil investors momentarily away from the greenback.

On the New York Mercantile Exchange, crude for November delivery settled down 34 cents, or 0.44 percent, at $76.18 a barrel, after trading from $75.53 to $77.12, inside Monday's range of $75.52 to $77.17.

CBOT-CHICAGO, Sept 28 (Reuters) - Chicago Board of Trade grain and soy complex close on Tuesday.

CBOT-SOYBEANS - November down 18-1/2 cents per bushel at $11.10 a bushel. Pressured by profit-taking after 13-month highs reached early on Monday and on the beginning harvest of a likely record large U.S. soybean crop.

CBOT-SOYOIL - October down 0.02 cent per lb at 44.56 cents per lb. Spillover pressure from falling soybeans but underpinned by unwinding of soymeal/soyoil spreads.

FCPO-JAKARTA/KUALA LUMPUR, Sept 28 (Reuters) - Global vegetable oil markets edged higher on Tuesday as investors bet on strong holiday demand from China and India.

Concerns that erratic weather will curb production of soybeans in South America and China as well as Canadian canola are also underpinning agriculture markets.

Malaysian palm oil ended up 0.2 percent but below a near 16-month high reached on Monday while U.S. October soyoil inched up during Asian hours, just below a two-year top hit the previous day.

China's most-active May 2011 palm olein futures fell 0.3 percent and May 2011soybean oil gained 0.7 percent.

REGIONAL EQUITIES-BANGKOK, Sept 28 (Reuters) - Indonesian shares posted small gains and set a new all-time high on Tuesday, helped by more foreign buying, but other markets in the region were flat to lower because of continuing worries about the global economy.

Indonesia's main share index <.JKSE> ended up 0.13 percent. Asia's second-best performer this year had earlier gained almost 2 percent to hit a record 3,524.32.

Singapore <.FTSTI> fell 0.5 percent, taking a breather after Monday's climb to 27-month highs. Malaysia <.KLSE> lost 0.35 percent, retreating from a 32-month peak last week, and Thailand <.SETI> drifted 0.3 percent lower after hitting a 14-year high earlier. Vietnam <.VNI>, bucking the trend, rose 1.1 percent.