DJI- NEW YORK, April 4 (Reuters) - U.S. stocks fell for a second day on Wednesday as investors contemplated a world without monetary stimulus and a poorly received bond auction in Spain suggested the effects of Europe's funding operations were
waning.
Selling was broad as indexes tracking nine of the 10 S&P 500 sectors ended lower, with financial, materials and technology shares the worst performers. The S&P's financial index fell 1.6 percent. Shares of Morgan Stanley, often sensitive to concerns over Europe, dropped 3.5 percent to $18.69.
The Dow Jones industrial average <.DJI> fell 124.80 points, or 0.95 percent, at 13,074.75. The Standard & Poor's 500 Index <.SPX> lost 14.42 points, or 1.02 percent, at 1,398.96. The Nasdaq Composite Index <.IXIC> dropped 45.48 points, or 1.46 percent, at 3,068.09.
NYMEX- NEW YORK, April 4 (Reuters) - U.S. crude futures fell a second straight session on Wednesday, dropping more than 2 percent after a government report showed crude oil inventories last week rose much more sharply than expected in the United
States.
Concerns about downside risks to the euro zone economic outlook expressed by European Central Bank President Mario Draghi pressured the euro to its lowest level against the dollar in three weeks, adding to the pressure on oil.
A stronger dollar can pressure dollar-denominated oil by making it more expensive for consumers using other currencies.
Wednesday's push lower came after the previous day's losses on indications from the U.S. Federal Reserve that the central bank was less inclined to implement any more monetary stimulus.
On the New York Mercantile Exchange, May crudefell $2.54, or 2.44 percent, to settle at $101.47 a barrel, a penny below the 100-day moving average, and having
traded from $101.08 to $104.12.
CBOT SOYBEANS- Soybean futures on the Chicago Board of Trade closed higher
after a back-and-forth session, lifted by concerns about shrinking crops in South America, traders said.
Trading was choppy, with soybeans falling at times on profit-taking after the market hit a seven-month high on Tuesday. Front-month May traded lower for most of the last 10 minutes of the session but rallied near the closing bell.
Informa Economics lowered its forecast of Brazil's soybean crop to 66.5 million tonnes, from 68 million previously, and cut its Argentine soy crop forecast to 45 million tonnes, from 47.5 million previously.
A firmer dollar hung over the market. Minutes from the latest U.S. Federal Reserve meeting published Tuesday suggested further monetary stimulus action was unlikely, a factor that lifted the dollar and made risky assets such as commodities less
attractive.
FCPO- SINGAPORE, April 4 (Reuters) - Malaysian palm oil futures climbed to an almost 13-month high on Wednesday, as traders continued to bet on a brighter demand outlook for palm oil following expectations of a smaller soybean crop in coming
months.
The U.S. Department of Agriculture said in a much-anticipated report on Friday that farmers would plant less soybean than expected, indicating global oilseed supply will tighten further and helping palm oil cross the psychological
3,500 ringgit mark.
Benchmark June palm oil futureson the Bursa Malaysia Derivatives Exchange gained 0.7 percent to close at 3,557 ringgit ($1,161) per tonne. Prices went to 3,574 ringgit, a level not seen since March 9 last year.
Traded volumes stood at around 20,989 lots of 25 tonnes each, lighter than the usual 25,000 lots.
REGIONAL EQUITY- BANGKOK, April 4 (Reuters) - Southeast Asian stocks retreated on Wednesday after minutes from the U.S. Federal Reserve suggested dwindling chances for more policy stimulus, dampening the prospect of more inflows to the region, while
losses in mining stocks pulled down Indonesia.
Jakarta's Composite Index <.JKSE>, which closed at a record high on Tuesday, dropped 1.9 percent, with the Jakarta Mining Index <.JKMING> falling 1.7 percent after the government unveiled plans to impose export taxes on coal and base metals.
waning.
Selling was broad as indexes tracking nine of the 10 S&P 500 sectors ended lower, with financial, materials and technology shares the worst performers. The S&P's financial index fell 1.6 percent. Shares of Morgan Stanley
The Dow Jones industrial average <.DJI> fell 124.80 points, or 0.95 percent, at 13,074.75. The Standard & Poor's 500 Index <.SPX> lost 14.42 points, or 1.02 percent, at 1,398.96. The Nasdaq Composite Index <.IXIC> dropped 45.48 points, or 1.46 percent, at 3,068.09.
NYMEX- NEW YORK, April 4 (Reuters) - U.S. crude futures fell a second straight session on Wednesday, dropping more than 2 percent after a government report showed crude oil inventories last week rose much more sharply than expected in the United
States.
Concerns about downside risks to the euro zone economic outlook expressed by European Central Bank President Mario Draghi pressured the euro to its lowest level against the dollar in three weeks, adding to the pressure on oil.
A stronger dollar can pressure dollar-denominated oil by making it more expensive for consumers using other currencies.
Wednesday's push lower came after the previous day's losses on indications from the U.S. Federal Reserve that the central bank was less inclined to implement any more monetary stimulus.
On the New York Mercantile Exchange, May crude
traded from $101.08 to $104.12.
CBOT SOYBEANS- Soybean futures on the Chicago Board of Trade closed higher
after a back-and-forth session, lifted by concerns about shrinking crops in South America, traders said.
Trading was choppy, with soybeans falling at times on profit-taking after the market hit a seven-month high on Tuesday. Front-month May traded lower for most of the last 10 minutes of the session but rallied near the closing bell.
Informa Economics lowered its forecast of Brazil's soybean crop to 66.5 million tonnes, from 68 million previously, and cut its Argentine soy crop forecast to 45 million tonnes, from 47.5 million previously.
A firmer dollar hung over the market. Minutes from the latest U.S. Federal Reserve meeting published Tuesday suggested further monetary stimulus action was unlikely, a factor that lifted the dollar and made risky assets such as commodities less
attractive.
FCPO- SINGAPORE, April 4 (Reuters) - Malaysian palm oil futures climbed to an almost 13-month high on Wednesday, as traders continued to bet on a brighter demand outlook for palm oil following expectations of a smaller soybean crop in coming
months.
The U.S. Department of Agriculture said in a much-anticipated report on Friday that farmers would plant less soybean than expected, indicating global oilseed supply will tighten further and helping palm oil cross the psychological
3,500 ringgit mark.
Benchmark June palm oil futures
Traded volumes stood at around 20,989 lots of 25 tonnes each, lighter than the usual 25,000 lots.
REGIONAL EQUITY- BANGKOK, April 4 (Reuters) - Southeast Asian stocks retreated on Wednesday after minutes from the U.S. Federal Reserve suggested dwindling chances for more policy stimulus, dampening the prospect of more inflows to the region, while
losses in mining stocks pulled down Indonesia.
Jakarta's Composite Index <.JKSE>, which closed at a record high on Tuesday, dropped 1.9 percent, with the Jakarta Mining Index <.JKMING> falling 1.7 percent after the government unveiled plans to impose export taxes on coal and base metals.
