Trader's Highlight

DJI-NEW YORK, Aug 15 (Reuters) - Shares on Wall Street rose with oil prices on Monday as acquisition news and stronger-than-expected economic data in Japan led markets to steadily forge ahead after last week's wild swings.

News that Google Inc GOOG.O offered to buy Motorola Mobility Holdings Inc MMI.N for about $12.5 billion in cash fueled a rebound in U.S. stocks for a third straight session.

Wall Street's Dow Jones industrial average .DJI closed up 213.88 points, or 1.90 percent, at 11,482.90. The Standard & Poor's 500 Index .SPX was up 25.68 points, or 2.18 percent, at 1,204.49. The Nasdaq Composite Index .IXIC was up 47.22 points, or 1.88 percent, at 2,555.20.

NYMEX-NEW YORK, Aug 15 (Reuters) - U.S. crude futures rebounded on Monday as Wall Street rose on hopes that Europe's debt crisis could be resolved and news that Google Inc GOOG.O offered to buy Motorola Mobility Holdings Inc. MMI.N.

The dollar fell against the euro, whetting up appetite for riskier assets.

On the New York Mercantile Exchange, crude for September delivery CLU1 settled at $87.88 a barrel, rising $2.50, or 2.93 percent, after trading between $84.40 to $88.05, the highest since Aug. 5's intraday high of $88.32.

CBOT-SOYBEANS-Chicago Board of Trade soybean futures closed higher in a follow-through recovery bounce in equities and spillover support from the release last week of bullish U.S. soybean production data from the USDA.

Dry weather in portions of the U.S. Midwest including parts of top producers Iowa and Illinois also lent support to the soybean market.

FCPO-JAKARTA, Aug 15 (Reuters) - Malaysian palm oil climbed for a fourth straight session on Monday, boosted by strong export data and as financial market jitters eased slightly after last week's volatility.

The benchmark October contract KPOc3 on the Bursa Malaysia Derivatives Exchange ended up 1.8 percent at 3,070 Malaysian ringgit ($1,023) per tonne. Earlier, prices touched 3,083 ringgit, the highest level since Aug. 4.

Traded volumes for the contract were 9,786 lots of 25 tonnes each, compared to 9,934 lots on Friday.

REGIONAL EQUITIES-COLOMBO, Aug 15 (Reuters) - Southeast Asian stock markets rose on Monday as investors bought shares that were sold heavily at times last week due to global recession fears, but trading was choppy ahead of a Franco-German summit on the European debt crisis.

Singapore and Malaysia were still trading near what some analysts reckon is oversold territory, while Thailand, Indonesia and the Philippines were neutral, Thomson Reuters data showed.

Analysts said a positive close on Wall Street on Friday and bargain-hunting in thin volume helped the gains.
Malaysia .KLSE added 1.1 percent and the Philippines .PSI edged up 0.3 percent.

In Singapore, top bank DBS Group DBSM.SI gained 2.1 percent and Oversea Chinese Bank Corporation OCBC.SI added 1.3 percent.

Shares in casino operator Genting Singapore GENS.SI closed 3.2 percent weaker after it reported a double-digit fall in earnings for the second quarter