Trader's Highlight

DJI-NEW YORK, Oct 26 (Reuters) - U.S. stocks rose on Wednesday as the slow progress from European leaders in resolving their debt crisis was enough to satisfy investors, even if early reports from an EU summit were short on detail.

The euro zone aims to leverage its 440 billion euro bailout fund "several fold," but details are not expected until November, according to a draft statement obtained by Reuters.

The Dow Jones industrial average <.DJI> gained 162.42 points, or 1.39 percent, to 11,869.04. The Standard & Poor's 500 Index <.SPX><.INX> rose 12.94 points, or 1.05 percent, to 1,241.99. The Nasdaq Composite Index <.IXIC> added 12.25 points, or 0.46 percent, to 2,650.67.

NYMEX-NEW YORK, Oct 26 (Reuters) - Oil prices fell on Wednesday as concerns about rising U.S. inventories added to caution about Europe's ability to agree on a plan to address the debt crisis.

U.S. oil futures dropped 3 percent, leading the complex lower and widening the contract's discount to European Brent crude by nearly $1, partially retracing two days of heavy selling on the spread.

ICE Brent crude for December fell $2.01 to settle at $108.91 a barrel. U.S. December crude traded down $2.97, settling at $90.20 a barrel.

CBOT-SOYBEANS-Soybean futures on the Chicago Board of Trade fell as the dollar firmed on worries about the outcome of a crucial European Union summit seeking solutions to the euro zone debt crisis, traders said. Spillover weakness from crude oil, corn and wheat added pressure.

FCPO-JAKARTA, Oct 25 (Reuters) - Malaysian palm oil futures rose to a near one-month high on Tuesday, buoyed by export data and expectations of lower output, with additional support from optimism over a possible solution to the euro zone's debt problems.

Uncertainty about just how close European Union leaders will come to solving the euro zone debt crisis kept many markets trading in a tight range on Tuesday.

Benchmark January palm oil futures on the Bursa Malaysia Derivatives Exchange ended 2.1 percent higher at 2,951 Malaysian ringgit ($941) a tonne, their highest since Sept. 26.

Traded volumes for the January palm contract stood at 14,264 lots of 25 tonnes each, compared with 12,213 lots on Monday.

REGIONAL EQUITIES-HONG KONG, Oct 26 (Reuters) - Southeast Asian stocks were mixed on Wednesday as Indonesia eked out gains with foreign investors continuing to tiptoe back but caution over a euro zone debt summit later in the day.

Public holidays in Singapore and Malaysia kept regional market turnover light.

Thailand's benchmark stock index <.SETI> ended the day down 0.4 percent as the country's worst flooding in five decades threatened Bangkok.

Indonesia's market <.JKSE> closed up 0.8 percent, helped by a 5.5 percent bounce for
state-controlled PT Perusahaan Gas Negara Tbk (PGN) on the firm's plan to lift prices and improve margins.