WASHINGTON, March 3 (Reuters) - U.S. banks would be banned from proprietary trading and other large financial firms would face quantitative limits on such activity, according to draft language on the so-called "Volcker rule" from the Obama administration.
Banks would also be banned from investing in or sponsoring hedge funds and private equity funds, according to a draft version of the legislative language obtained by Reuters. A final version of the language is expected to be sent to lawmakers later on Wednesday.
The proposal also would prevent a financial firm from acquiring another company if the resulting firm would have more than 10 percent of the liabilities of the financial system.
Thursday, March 4, 2010
NYMEX Crude Daily: May continue to move higher
Market stayed firm at USD80 had strengthened a little the market upside momentum. Thus, market may want to challenge the immediate upside resistance at USD82.00-82.34 followed by USD83.52-83.95. To the downside, support is lies at USD79.00-78.00.
FCPO Daily: Not much changes
Not much changes on the immediate technical outlook as market extended its rangy mode to move in between 2660 to 2580 levels. A significant breakout either to the upside of 2660 or to the downside at 2580 levels may provide a more clearer direction to the market.
Trader's Highlight
DJI-NEW YORK, March 3 (Reuters) - U.S. stocks ended little changed on Wednesday as worries about bank regulation and a setback for drug company Pfizer offset signs of improvement in the labor market and services sector.
Pfizer Inc, the world's largest drugmaker, fell 1.6 percent after its Alzheimer's drug did not meet the main goals of a late-stage clinical trial, weighing on the Dow industrials.
The Dow Jones industrial average <.DJI> slipped 9.22 points, or 0.09 percent, to 10,396.76. The Standard & Poor's 500 Index <.SPX> gained 0.48 point, or 0.04 percent, to 1,118.79. The Nasdaq Composite Index <.IXIC> lost 0.11 point to 2,280.68.
NYMEX-NEW YORK, March 3 (Reuters) - U.S. crude oil futures rose for the second day in a row on Wednesday, posting the highest close in seven weeks, as economic data eased recovery worries and the dollar fell against the euro.
Traders ignored government inventory data showing crude stocks rose more than expected last week.
The euro rose against the greenback after Greece announced a government austerity package to reduce its deficit, easing worries about the the country's debt crisis.
On the New York Mercantile Exchange, April crude settled up $1.19, or 1.49 percent, at $80.87 a barrel, the highest close since Jan. 11's $82.52. It traded from $79.44 to $81.23, highest since the Jan. 12 intraday peak of $82.34.
CBOT-CHICAGO, March 3 (Reuters) - Chicago Board of Trade grains and soy complex close on Wednesday.
CBOT-SOYBEANS - March up 1/4 cent at $9.54-1/2 a bushel, May unchanged at $9.63-1/2. Weak dollar and higher crude lend support but harvest of bumper South American crop limits gains. Gains were waning near the close and May ended below its 40 day moving average of $9.65-1/4.
CBOT-SOYOIL - March up 0.21 cent at 40.02 cents per lb, May up 0.20 at 40.40 cents. Gains in crude oil lifted soyoil futures.
FCPO-KUALA LUMPUR, March 3 (Reuters) - Malaysia's crude palm oil futures climbed nearly 1 percent on Wednesday as some traders took positions ahead of a key industry conference and steady crude oil and soyoil markets.
Expectations for weak Malaysian output figures from last month as well as supportive commodity markets have made palm oil the best-performing vegetable oil marketso far this year.
Benchmark May crude palm oil futures on the Bursa Malaysia Derivatives Exchange rose 23 ringgit, or almost 0.9 percent, to 2,635 ringgit ($781.9), just shy of a one-week high of 2,638 ringgit hit on Monday.
REGIONAL EQUITIES-BANGKOK, March 3 (Reuters) - Equities in Singapore and Thailand posted small gains on Wednesday, while other Southeast Asian bourses trod water, wary of developments in the Greek debt crisis.
Optimism generally increased as Greece looked set to announce measures to tackle its debt crisis [ID:nLDE6220NA]. Against that, U.S. stocks were expected to open weaker. U.S. stock index futures <.DJHO> were down 0.13 percent at 0945 GMT.
In Singapore, the Straits Times Index <.FTSTI> gained 0.4 percent, helped by broad-based buying in property shares, dragged down recently by government measures to cool the housing market.
In Kuala Lumpur, palm plantation firm Sime Darby fell 0.9 percent while IOI Corp was down 0.55 percent. A top industry official said on Wednesday Malaysia, the world's No. 2 palm oil producer, would miss its output target of 18.1 million tonnes because of a shortage of foreign labour, even as yields recover.
Pfizer Inc
The Dow Jones industrial average <.DJI> slipped 9.22 points, or 0.09 percent, to 10,396.76. The Standard & Poor's 500 Index <.SPX> gained 0.48 point, or 0.04 percent, to 1,118.79. The Nasdaq Composite Index <.IXIC> lost 0.11 point to 2,280.68.
NYMEX-NEW YORK, March 3 (Reuters) - U.S. crude oil futures rose for the second day in a row on Wednesday, posting the highest close in seven weeks, as economic data eased recovery worries and the dollar fell against the euro.
Traders ignored government inventory data showing crude stocks rose more than expected last week.
The euro rose against the greenback after Greece announced a government austerity package to reduce its deficit, easing worries about the the country's debt crisis.
On the New York Mercantile Exchange, April crude
CBOT-CHICAGO, March 3 (Reuters) - Chicago Board of Trade grains and soy complex close on Wednesday.
CBOT-SOYBEANS - March
CBOT-SOYOIL - March
FCPO-KUALA LUMPUR, March 3 (Reuters) - Malaysia's crude palm oil futures climbed nearly 1 percent on Wednesday as some traders took positions ahead of a key industry conference and steady crude oil and soyoil markets.
Expectations for weak Malaysian output figures from last month as well as supportive commodity markets have made palm oil the best-performing vegetable oil market
Benchmark May crude palm oil futures
REGIONAL EQUITIES-BANGKOK, March 3 (Reuters) - Equities in Singapore and Thailand posted small gains on Wednesday, while other Southeast Asian bourses trod water, wary of developments in the Greek debt crisis.
Optimism generally increased as Greece looked set to announce measures to tackle its debt crisis [ID:nLDE6220NA]. Against that, U.S. stocks were expected to open weaker. U.S. stock index futures <.DJHO> were down 0.13 percent at 0945 GMT.
In Singapore, the Straits Times Index <.FTSTI> gained 0.4 percent, helped by broad-based buying in property shares, dragged down recently by government measures to cool the housing market.
In Kuala Lumpur, palm plantation firm Sime Darby
Wednesday, March 3, 2010
Breaking News-RTRS-Labour woe may hit Malaysia palm output
KUALA LUMPUR, Mar 3 (Reuters) - Malaysia, the world’s No. 2 palm oil producer, will miss its output target of 18.1 million tonnes because of a shortage of foreign labour even as yields recover, a top industry official said today.
Industry regulator Malaysian Palm Oil Board chairman Sabri Ahmad said Indonesian plantation workers make better pay at home as more palm oil estates start up there while employers in Malaysia have trouble hiring because of a stricter work-permit process.
Industry regulator Malaysian Palm Oil Board chairman Sabri Ahmad said Indonesian plantation workers make better pay at home as more palm oil estates start up there while employers in Malaysia have trouble hiring because of a stricter work-permit process.
Breaking News-RTRS-ANALYSIS-Fears aside, US dollar best in a bad neighborhood
New York, Mar 2 (Reuters) - In just a few months, the market's perception of the U.S. dollar has turned 180 degrees.
Last year, the world was worried about a dollar crisis as the ballooning U.S. budget deficit sparked fears the greenback may lose its status as the international reserve currency.
In recent weeks, however, the dollar woes have been overshadowed by fiscal instability in Europe and problems elsewhere. Against a basket of currencies <.DXY>, the greenback has gained more than 9 percent since its lows in November.
Many analysts expect the dollar to stay firm against most currencies this year. While the U.S. deficit is still large, prospects for recovery appear better in the United States than in Europe and Japan. That, along with the uncertainty surrounding the euro zone, should boost the attractiveness of the greenback as an investment.
Last year, the world was worried about a dollar crisis as the ballooning U.S. budget deficit sparked fears the greenback may lose its status as the international reserve currency.
In recent weeks, however, the dollar woes have been overshadowed by fiscal instability in Europe and problems elsewhere. Against a basket of currencies <.DXY>, the greenback has gained more than 9 percent since its lows in November.
Many analysts expect the dollar to stay firm against most currencies this year. While the U.S. deficit is still large, prospects for recovery appear better in the United States than in Europe and Japan. That, along with the uncertainty surrounding the euro zone, should boost the attractiveness of the greenback as an investment.
Breaking News-RTRS-Rising exports to cut palm oil stocks - Oil World
HAMBURG, March 2 (Reuters) - A strong increase in global palm oil exports will cut stocks in coming months despite rising production, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.
Global palm oil stocks are likely to fall to 6.68 million tonnes in September 2010 from 6.93 million tonnes in September 2009, it said.
Global palm oil stocks are likely to fall to 6.68 million tonnes in September 2010 from 6.93 million tonnes in September 2009, it said.
Breaking News-RTRS-Oil World ups forecast of Argentine soybean crop
HAMBURG, March 2 (Reuters) - Argentina's 2010 soybean crop is likely to rise to 52 million tonnes from 32 million tonnes in 2009, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.
This was up by 1 million tonnes from Oil World's previous estimate in January.
Brazil's 2010 soybean crop is forecast at 65.5 million tonnes from 57.5 million tonnes last year, at the upper end of Oil World's previous forecast of 64 to 65 million tonnes.
This was up by 1 million tonnes from Oil World's previous estimate in January.
Brazil's 2010 soybean crop is forecast at 65.5 million tonnes from 57.5 million tonnes last year, at the upper end of Oil World's previous forecast of 64 to 65 million tonnes.
Breaking News-RTRS-Senate bill revives US biodiesel credit for 2010
WASHINGTON, March 2 (Reuters) - The $1 a gallon biodiesel tax credit would be revived for 2010 under a jobs and tax-cut bill under consideration in the Senate, Finance Committee leaders said Tuesday.
A vote on the bill, which was unveiled on Monday and would be the second in a series of job creation legislation, is possible later this week.
A vote on the bill, which was unveiled on Monday and would be the second in a series of job creation legislation, is possible later this week.
Trader's Highlight
DJI-NEW YORK, March 2 (Reuters) - U.S. stocks ended slightly higher on Tuesday as mergers and acquisitions supported selected sectors, but investors pulled back from recent gains in some big-cap technology and bank shares.
The S&P 500 has risen for eight of the past 11 trading days, but there were signs of fatigue as investors grew cautious in advance of key employment data at the end of the week.
The Dow Jones industrial average <.DJI> gained 2.19 points, or 0.02 percent, to 10,405.98. The Standard & Poor's 500 Index <.SPX> added 2.60 points, or 0.23 percent, to 1,118.31. The Nasdaq Composite Index <.IXIC> rose 7.22 points, or 0.32
percent, to 2,280.79.
NYMEX-NEW YORK, March 2 (Reuters) - U.S. crude futures were little changed in post-settlement trading on Tuesday, after industry data showed a larger-than-expected build in crude inventories and greater-than-forecast drawdown in distillates.
Heating oil futures rose further on the data and gasoline futures firmed, even though the report showed that gasoline stocks rose higher than expected.
On the New York Mercantile Exchange, April crude last traded at $70.61 a barrel, up 91 cents, after settlement at $79.68, up 98 cents, or 1.25 percent. It traded from $78.26 to $80.95, the highest since Jan. 12's $82.34 intraday high.
CBOT-CHICAGO, March 2 (Reuters) - Chicago Board of Trade grains and soy complex close on Tuesday.
CBOT-SOYBEANS- CBOT March soybeans last up 1-3/4 cents at $9.54-1/4 a bushel, May soybeans up 1 cent at $9.63-1/2. Firm cash market and higher crude oil lifting soy futures but choppy consolidation trade with early harvest of likely record large South American soybean crop limiting gains.
CBOT-SOYOIL - CBOT March soyoil up 0.31 cent at 39.81 cents per lb., May soyoil up 0.30 cent at 40.20 cents. Firm crude oil lending support along with support from unwinding of meal/oil spreads.
FCPO-KUALA LUMPUR, March 2 (Reuters) - Malaysia's crude palm oil futures slipped from a one-week high on Tuesday as traders took profits on weaker external markets and crude oil prices.
Expectations of lower production have offset cargo surveyor reports of a near one-fifth decline in Malaysian palm oil export shipments in February and limited losses for the trading session.
Benchmark May crude palm oil futures on the Bursa Malaysia Derivatives Exchange settled down 0.7 percent, or 18 ringgit to 2,612 ringgit ($772.1). On Monday, the market hit one-week highs at 2,638 ringgit.
REGIONAL EQUITIES-BANGKOK, March 2 (Reuters) - Thai stocks hit a six-week high
on Tuesday in their first reaction to a long-awaited court ruling on the assets of former premier Thaksin Shinawatra after a long holiday weekend, but the region in general was mixed.
Markets got an early boost from strong manufacturing data in Europe and news American International Group was selling its Asian insurance business to Britain's Prudential , which drove both European markets and Wall Street up on Monday.
However, Singapore's index <.FTSTI> closed down 0.07 percent, after climbing to its highest since Feb. 18, weighed down by a 4.4 percent drop in gaming group Genting Singapore and a 0.98 percent loss in United Overseas Bank .
Malaysia's index <.KLSE> was up 0.36 percent after an early gain to a five-week high as better-than-expected fourth-quarter GDP data announced last week and higher projections for 2010 and 2011 earnings buoyed the market, dealers said.
The S&P 500 has risen for eight of the past 11 trading days, but there were signs of fatigue as investors grew cautious in advance of key employment data at the end of the week.
The Dow Jones industrial average <.DJI> gained 2.19 points, or 0.02 percent, to 10,405.98. The Standard & Poor's 500 Index <.SPX> added 2.60 points, or 0.23 percent, to 1,118.31. The Nasdaq Composite Index <.IXIC> rose 7.22 points, or 0.32
percent, to 2,280.79.
NYMEX-NEW YORK, March 2 (Reuters) - U.S. crude futures were little changed in post-settlement trading on Tuesday, after industry data showed a larger-than-expected build in crude inventories and greater-than-forecast drawdown in distillates.
Heating oil futures rose further on the data and gasoline futures firmed, even though the report showed that gasoline stocks rose higher than expected.
On the New York Mercantile Exchange, April crude
CBOT-CHICAGO, March 2 (Reuters) - Chicago Board of Trade grains and soy complex close on Tuesday.
CBOT-SOYBEANS- CBOT March soybeans
CBOT-SOYOIL - CBOT March soyoil
FCPO-KUALA LUMPUR, March 2 (Reuters) - Malaysia's crude palm oil futures slipped from a one-week high on Tuesday as traders took profits on weaker external markets and crude oil prices.
Expectations of lower production have offset cargo surveyor reports of a near one-fifth decline in Malaysian palm oil export shipments in February and limited losses for the trading session.
Benchmark May crude palm oil futures
REGIONAL EQUITIES-BANGKOK, March 2 (Reuters) - Thai stocks hit a six-week high
on Tuesday in their first reaction to a long-awaited court ruling on the assets of former premier Thaksin Shinawatra after a long holiday weekend, but the region in general was mixed.
Markets got an early boost from strong manufacturing data in Europe and news American International Group
However, Singapore's index <.FTSTI> closed down 0.07 percent, after climbing to its highest since Feb. 18, weighed down by a 4.4 percent drop in gaming group Genting Singapore
Malaysia's index <.KLSE> was up 0.36 percent after an early gain to a five-week high as better-than-expected fourth-quarter GDP data announced last week and higher projections for 2010 and 2011 earnings buoyed the market, dealers said.
FCPO Daily: Looks tiredness
Market looks little tiredness to maintain its upward posture following prices retreated and tested 2600 levels in intra-day basis. Thus, market may continue to move in range trading between 2660 to 2580 levels. A significant breakout either to the upside of 2660 or to the downside at 2580 levels may provide a more clearer direction to the market.
FKLI Daily: Market may challange 1300 levels
Market violated the recent high at 1288 levels to close firm. Market looks likely to continue its upward posture in near term. As for now, resistance is looking at 1295.5 to 1300.0 levels. To the downside, immediate support is pegged at 1270.0 followed by 1260.0 levels.
Tuesday, March 2, 2010
Breaking News-RTRS-INTERVIEW-UPDATE 1-India may buy more soyoil as palm prices rise
KUALA LUMPUR, March 1 (Reuters) - India, the world's top vegetable oil buyer, may shift orders to soyoil from palm oil by 500,000 tonnes to meet higher middle-class demand if the price difference narrows further, the Sunvin group said on Monday.
India, which surpassed China in 2009 as the top buyer of vegetable oil, was expected to buy 9-9.5 million tonnes in 2009/10 on rapid economic growth and weak oilseed output. Palm oil was expected to account for 7.25 million tonnes and soyoil 1.2 million tonnes of imports.
India, which surpassed China in 2009 as the top buyer of vegetable oil, was expected to buy 9-9.5 million tonnes in 2009/10 on rapid economic growth and weak oilseed output. Palm oil was expected to account for 7.25 million tonnes and soyoil 1.2 million tonnes of imports.
Trader's Highlight
DJI-NEW YORK, March 1 (Reuters) - U.S. stocks rose for a second straight day on Monday, boosted by AIG's record-setting deal to sell a major Asian unit and on gains in semiconductor shares after SanDisk Corp raised its revenue forecast.
Hopes for an agreement to resolve nagging uncertainty surrounding debt-laden Greece also encouraged investors.
NYMEX-NEW YORK, March 1 (Reuters) - U.S. crude oil futures ended lower on Monday as mixed economic data and a stronger dollar versus the euro kept the energy markets under pressure. Crude oil futures seesawed near $80 a barrel early, before falling towards $78, after front-month crude rose more than 9 percent in February from its January close.
On the New York Mercantile Exchange, April crude settled down 96 cents, or 1.21 percent, at $78.70 a barrel, trading from $78.06 to $80.62, highest since hitting an intraday high of $80.67 on Jan. 13.
CBOT-CHICAGO, March 1 (Reuters) - Chicago Board of Trade grains and soy complex close on Monday.
CBOT-SOYBEANS - March up 1-1/2 cents at $9.52-1/2 per bushel, May up 1-1/2 at $9.62-1/2.
Choppy; ended firm on unwinding of corn/soy spreads but pressured off and on through the day as wheat and corn tumbled. Big South American soy harvest also hangs over the market.
CBOT-SOYOIL - March up 0.21 at 39.50 cents per lb; May up 0.20 at 39.90 cents.
FCPO-KUALA LUMPUR, March 1 (Reuters) - Malaysian crude palm oil futures rose as much as 1.7 percent on Monday to one-week highs, echoing a rise in crude oil and soy prices after a long weekend.
Traders said palm oil markets had last week priced in weak February export data released by cargo surveyors on Monday. Expectations of weak production for last month are also supporting the market.
REGIONAL EQUITIES-COLOMBO, March 1 (Reuters) - Southeast Asian stock markets
rallied on Monday, with Singapore and Malaysia leading rally, following better-than-expected earnings and on signs that Greece's debt crisis could be easing.
Singapore's index <.FTSTI> gained 0.8 percent to its highest close since Feb. 23, while Malaysia <.KLSE> rose 1 percent to a near five-week high.
In Kaula Lampur, market heavyweight plantation share Sime Derby gained 1.8 percent as analysts expected earnings to bounce back in the second half after a weaker-than-expected first-half performance.
Hopes for an agreement to resolve nagging uncertainty surrounding debt-laden Greece also encouraged investors.
NYMEX-NEW YORK, March 1 (Reuters) - U.S. crude oil futures ended lower on Monday as mixed economic data and a stronger dollar versus the euro kept the energy markets under pressure. Crude oil futures seesawed near $80 a barrel early, before falling towards $78, after front-month crude rose more than 9 percent in February from its January close.
On the New York Mercantile Exchange, April
CBOT-CHICAGO, March 1 (Reuters) - Chicago Board of Trade grains and soy complex close on Monday.
CBOT-SOYBEANS - March
Choppy; ended firm on unwinding of corn/soy spreads but pressured off and on through the day as wheat and corn tumbled. Big South American soy harvest also hangs over the market.
CBOT-SOYOIL - March
FCPO-KUALA LUMPUR, March 1 (Reuters) - Malaysian crude palm oil futures rose as much as 1.7 percent on Monday to one-week highs, echoing a rise in crude oil and soy prices after a long weekend.
Traders said palm oil markets had last week priced in weak February export data released by cargo surveyors on Monday. Expectations of weak production for last month are also supporting the market.
REGIONAL EQUITIES-COLOMBO, March 1 (Reuters) - Southeast Asian stock markets
rallied on Monday, with Singapore and Malaysia leading rally, following better-than-expected earnings and on signs that Greece's debt crisis could be easing.
Singapore's index <.FTSTI> gained 0.8 percent to its highest close since Feb. 23, while Malaysia <.KLSE> rose 1 percent to a near five-week high.
In Kaula Lampur, market heavyweight plantation share Sime Derby
FCPO Daily: Range trading
Market holding at 2600 levels in tight range trading. Thus, market may continue to move in range trading between 2660 to 2580 levels. A significant breakout either to the upside of 2660 or to the downside at 2580 levels may provide a more clearer direction to the market.
FKLI Daily: May want to challenge 1288 levels.
Market continue to inch higher and looks may want to challenge the recent high at 1288 levels in near term. Next resistance will be looking at 1295.5 to 1300.0 levels. To the downside, immediate support is pegged at 1270.0 followed by 1260.0 levels.
Monday, March 1, 2010
Breaking News-RTRS-US Senate talks of reviving biodiesel tax credit
WASHINGTON, Feb 25 (Reuters) - Revival of the $1 a gallon biodiesel tax credit would be part of a jobs and tax bill in the U.S. Senate, according to a draft that circulated on Capitol Hill on Thursday.
According to the draft, the $1 a gallon biodiesel tax credit, which expired at the end of 2009, would be extended through 2010.
According to the draft, the $1 a gallon biodiesel tax credit, which expired at the end of 2009, would be extended through 2010.
Trader's Highlight
DJI-NEW YORK, Feb 26 (Reuters) - U.S. stocks rose on Friday, capping their best monthly advance since November as data showed the economy grew a tad better than expected in the fourth quarter.
On a day marked by light volume as Wall Street was buried in a snowstorm, the falling dollar also boosted the shares of exporters, who benefit from a weaker greenback.
NYMEX-NEW YORK, Feb 26 (Reuters) - U.S. crude oil futures ended nearly 2 percent higher on Friday, rebounding from sharp losses in the previous session, as the dollar's weakness and brighter U.S. economic data combined to attract buying.
Gasoline and heating oil futures also bounced back, amid volatile trading, as their front-month March contracts expired at the close, the last trading day of the month.
On the New York Mercantile Exchange, April crude settled up $1.49, or 1.91 percent, at $79.66 a barrel, trading from $77.82 to $80.05.
CBOT-CHICAGO, Feb 26 (Reuters) - Chicago Board of Trade grains and soy complex close on on Friday.
CBOT-SOYBEANS - March up 9-1/2 cents at $9.51 a bushel. Short-covering bounce after Thursday's fall to one-week lows. Weak dollar and higher crude oil prices add support.
CBOT-SOYOIL - March up 0.76 cent at 39.29 cents per lb. Following firm trend in soybeans and crude oil; weak dollar adding support.
FCPO-JAKARTA, Feb 25 (Reuters) - Malaysia's palm oil futures edged up 0.2 percent on Thursday in choppy trade as a rebound in crude oil prompted short-covering late in the day, traders said.
The market ignored reports of an drop in exports of between 8.9 percent and 10.2 percent in the first 25 days of February as estimated by cargo surveyors as they believed that it would not prevent a further reduction in palm oil stocks, which will be driven by lower output.
REGIONAL EQUITIES-BANGKOK, Feb 26 (Reuters) - Southeast Asian stock markets
rose on Friday, with Singapore eking out slim gains after industrial output data and Thailand gaining even as judges read their verdict in a case that may raise the political temperature.
Markets in the region were range-bound as weak U.S. jobless and manufacturing data drove fears the global economic recovery is on shaky ground, amid continuing worries about Greece's debt.
Singapore's index <.FTSTI> ended up 0.06 percent, reversing a 1.2 percent fall in the past two sessions as industrial output for January rose 39.4 percent from a year before.
Malaysia and Indonesia were closed for a market holiday on Friday. Thailand will be closed on Monday.
On a day marked by light volume as Wall Street was buried in a snowstorm, the falling dollar also boosted the shares of exporters, who benefit from a weaker greenback.
NYMEX-NEW YORK, Feb 26 (Reuters) - U.S. crude oil futures ended nearly 2 percent higher on Friday, rebounding from sharp losses in the previous session, as the dollar's weakness and brighter U.S. economic data combined to attract buying.
Gasoline and heating oil futures also bounced back, amid volatile trading, as their front-month March contracts expired at the close, the last trading day of the month.
On the New York Mercantile Exchange, April crude
CBOT-CHICAGO, Feb 26 (Reuters) - Chicago Board of Trade grains and soy complex close on on Friday.
CBOT-SOYBEANS - March
CBOT-SOYOIL - March
FCPO-JAKARTA, Feb 25 (Reuters) - Malaysia's palm oil futures edged up 0.2 percent on Thursday in choppy trade as a rebound in crude oil prompted short-covering late in the day, traders said.
The market ignored reports of an drop in exports of between 8.9 percent and 10.2 percent in the first 25 days of February as estimated by cargo surveyors as they believed that it would not prevent a further reduction in palm oil stocks, which will be driven by lower output.
REGIONAL EQUITIES-BANGKOK, Feb 26 (Reuters) - Southeast Asian stock markets
rose on Friday, with Singapore eking out slim gains after industrial output data and Thailand gaining even as judges read their verdict in a case that may raise the political temperature.
Markets in the region were range-bound as weak U.S. jobless and manufacturing data drove fears the global economic recovery is on shaky ground, amid continuing worries about Greece's debt.
Singapore's index <.FTSTI> ended up 0.06 percent, reversing a 1.2 percent fall in the past two sessions as industrial output for January rose 39.4 percent from a year before.
Malaysia and Indonesia were closed for a market holiday on Friday. Thailand will be closed on Monday.
FCPO Weekly: More strength needed to maintain in positive posture
Market tested the weekly high at 2662 levels but shies away. Thus, more strength is still needed in order to maintain in the positive posture. Thus, we are now looking for the upside resistance at 2726. While, immediate downside support is still lies at 2542-2523 (gap left over on 14/2/2010) followed by 2400-2393.
FKLI Weekly: Sideways trading
Market remains in sideways mode despite prices tested the resistance at 1270 levels. As for now, we are looking of the upside resistance at 1295.5 while downside support is pegged at 1245-1240 levels.
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