DOW JONES-NEW YORK, Nov 28 (Reuters) - U.S. stocks rebounded from seven days of losses on Monday as investors used the latest effort from European leaders to resolve the region's debt crisis as an opportunity to cover short positions.
Trading was light, a sign skepticism remains high. Just 6.8 billion shares changed hands during the day on U.S. exchanges, below the daily average of 8 billion shares.
The Dow Jones industrial average <.DJI> was up 291.23 points, or 2.59 percent, at 11,523.01. The Standard & Poor's 500 Index <.SPX> was up 33.88 points, or 2.92 percent, at 1,192.55. The Nasdaq Composite Index <.IXIC> was up 85.83 points, or 3.52 percent, at 2,527.34.
NYMEX-NEW YORK, Nov 28 (Reuters) - U.S. crude oil futures rose on Monday as fresh optimism that Europe's debt crisis would be contained and robust U.S. Thanksgiving weekend retail sales augured well for economic gains that could lift oil demand.
Geopolitical tensions tied to Iran's nuclear program and the threat of further sanctions by western governments against Tehran underpinned the day's price surge.
On the New York Mercantile Exchange, crude for January delivery
CBOT-SOYBEANS, Soybean futures on the Chicago Board of Trade rose about 1.5 percent by the closing bell, rebounding from last week's slide to a 13-month low as the dollar softened on optimism about the euro zone debt crisis, traders said.
The dollar fell on hopes of progress on the sovereign debt crisis ahead of a European Union summit next week. A weak dollar makes dollar-denominated grains more competitive globally.
Soybeans were seen as oversold and due for a bounce after the spot January contract dipped to $11.02-3/4 per bushel last week, the lowest spot price
FCPO-SINGAPORE, Nov 25 (Reuters) - Malaysian palm oil futures hit a fresh two-week low on Friday as weak global economic sentiment overshadowed slowing production caused by seasonal decline in yields and La-Nina driven rains.
Fears of a slowing global growth and a worsening euro debt crisis have seen palm oil futures notch five straight sessions of losses. An ongoing market correction played a part in the declines.
At closing, benchmark February palm oil futures
REGIONAL EQUITIES-Nov 28 (Reuters) - Major Southeast Asian markets gained on Monday in thin trade led by commodities as investors cautiously bought into risky assets on hopes euro zone leaders would unveil fresh measures to resolve their debt crisis.
However, analysts said most investors will be in a wait-and- see mood after the International Monetary Fund denied an Italian media report of it having talks with Italy about a bailout package worth up to 600 billion euro.
In Singapore, property firms helped boost the market with property developers CapitaLand
CapitaLand shares were boosted by a local newspaper report saying it may place its $5.3 billion projects in China into a real estate investment trust (REIT).
