Market maintain its upward posture but had show some sign of slowing down. Thus,market may due for consolidation mode in near term with upside resistance is pegged at 1350.5. To the downside, support is pegged at 1315-1300.
Monday, April 19, 2010
FKLI Weekly: Slowing down its upside move
Market maintain its upward posture but had show some sign of slowing down. Thus,market may due for consolidation mode in near term with upside resistance is pegged at 1350.5. To the downside, support is pegged at 1315-1300.
Friday, April 16, 2010
Breaking News-RTRS-UPDATE 2-Chinese importers delay Argentine soyoil orders
BUENOS AIRES, April 14 (Reuters) - Chinese soyoil importers are asking Argentine exporters not to send shipments of the oil that had been bought before Beijing started imposing a new import standard, traders in Buenos Aires said on Wednesday.
Chinese authorities have denied the new rules were imposed in retaliation for Argentina's decision to restrict some Chinese imports, such as shoes and steel pipes, to protect local industry during the global economic crisis.
The disruption to exports is raising concern in Argentina because it threatens a key source of hard currency.
Chinese authorities have denied the new rules were imposed in retaliation for Argentina's decision to restrict some Chinese imports, such as shoes and steel pipes, to protect local industry during the global economic crisis.
The disruption to exports is raising concern in Argentina because it threatens a key source of hard currency.
Trader's Highlight
DJI-NEW YORK, April 15 (Reuters) - U.S. stocks posted their sixth straight day of gains on Thursday as an encouraging profit forecast from United Parcel Service lifted transportation shares, though concerns about a rise in weekly jobless claims limited the market's advance.
Financial stocks weighed on the S&P 500 as they gave back some gains after Wednesday's strong rally.
The Dow Jones industrial average <.DJI> rose 21.46 points, or 0.19 percent, to end at 11,144.57. The Standard & Poor's 500 Index <.SPX> edged up 1.02 points, or 0.08 percent, to 1,211.67. The Nasdaq Composite Index <.IXIC> gained 10.83 points, or 0.43 percent, to close at 2,515.69.
NYMEX-NEW YORK, April 15 (Reuters) - U.S. crude oil futures ended lower on Thursday, roiled by pre-expiry trading on options on the front-month May crude contract, analysts said.
The downturn follows a 2 percent rally on Wednesday that was sparked by a surprise crude inventory drawdown and a bigger-than-expected fall in gasoline stocks.
On the New York Mercantile Exchange, May crude settled down 33 cents, or 0.38 percent, at $85.51 a barrel, trading from $85.27 to $86.27. NYMEX May crude expires on April 20.
CBOT-CHICAGO, April 15 (Reuters) - Chicago Board of Trade grains and soy complex close on Thursday.
CBOT-SOYBEANS - May up 15 cents at $9.84 a bushel; November up 14-3/4 cents at $9.61. Slow farmer selling in the U.S. and in South America and brisk demand lifted cash markets and soy futures followed. Short-covering technical rally and fund buying also cited.
CBOT-SOYOIL - May up 0.21 cent at 40.07 cents per lb. Following soybeans.
FCPO-KUALA LUMPUR, April 15 (Reuters) - Malaysian crude palm oil futures fell for the fourth straight session on Thursday as the ringgit currency strengthened against the U.S. dollar, eating into refining margins.
Weak Malaysian palm oil exports in the first half of April and prospects of stocks rising higher also weighed on the market, although the rise of crude oil above $86 a barrel limited losses.
By midday, the benchmark June crude palm oil contract on Bursa Malaysia Derivatives shed 0.3 percent, or 8 ringgit, to settle at 2,520 ringgit ($788) a tonne. Volume fell to 3,453 lots of 25 tonnes from the usual 5,000 lots.
REGIONAL EQUITIES-COLOMBO, April 15 (Reuters) - Positive economic data from China and the U.S. helped Southeast Asian stocks led by Indonesia, but Philippines shed earlier gains to close in the red.
Indonesia <.JKSE> gained 0.54 percent, Malaysia <.KLSE> rose 0.22 percent, and Vietnam closed 1 percent firmer.
Singapore's Straits Time Index <.FTSTI> edged down 0.1 percent after hitting a new 21-month high during trade, while Philippines index <.PSI> closed 0.6 percent weaker on profit taking ahead of the elections on May 10.
In Kuala Lumpur, the index <.KLSE> closed up 0.2 percent led by a 2.4 percent gain in telecoms firm Axiata Group and a 1.4 percent rise in Genting Group .
Financial stocks weighed on the S&P 500 as they gave back some gains after Wednesday's strong rally.
The Dow Jones industrial average <.DJI> rose 21.46 points, or 0.19 percent, to end at 11,144.57. The Standard & Poor's 500 Index <.SPX> edged up 1.02 points, or 0.08 percent, to 1,211.67. The Nasdaq Composite Index <.IXIC> gained 10.83 points, or 0.43 percent, to close at 2,515.69.
NYMEX-NEW YORK, April 15 (Reuters) - U.S. crude oil futures ended lower on Thursday, roiled by pre-expiry trading on options on the front-month May crude contract, analysts said.
The downturn follows a 2 percent rally on Wednesday that was sparked by a surprise crude inventory drawdown and a bigger-than-expected fall in gasoline stocks.
On the New York Mercantile Exchange, May
CBOT-CHICAGO, April 15 (Reuters) - Chicago Board of Trade grains and soy complex close on Thursday.
CBOT-SOYBEANS - May
CBOT-SOYOIL - May
FCPO-KUALA LUMPUR, April 15 (Reuters) - Malaysian crude palm oil futures fell for the fourth straight session on Thursday as the ringgit currency strengthened against the U.S. dollar, eating into refining margins.
Weak Malaysian palm oil exports in the first half of April and prospects of stocks rising higher also weighed on the market, although the rise of crude oil above $86 a barrel limited losses.
By midday, the benchmark June crude palm oil contract
REGIONAL EQUITIES-COLOMBO, April 15 (Reuters) - Positive economic data from China and the U.S. helped Southeast Asian stocks led by Indonesia, but Philippines shed earlier gains to close in the red.
Indonesia <.JKSE> gained 0.54 percent, Malaysia <.KLSE> rose 0.22 percent, and Vietnam closed 1 percent firmer.
Singapore's Straits Time Index <.FTSTI> edged down 0.1 percent after hitting a new 21-month high during trade, while Philippines index <.PSI> closed 0.6 percent weaker on profit taking ahead of the elections on May 10.
In Kuala Lumpur, the index <.KLSE> closed up 0.2 percent led by a 2.4 percent gain in telecoms firm Axiata Group
CBOT Soyoil Daily: Sideways to bias upside potential
Market is maintaining its sideways to higher posture following prices surged to close at the intra-day high. As for now, we continue to look for the upside resistance at USc40.96-41.00. While, downside support is lies at USc39.85-39.50.
Thursday, April 15, 2010
Breaking News-RTRS-Indonesian palm oil exports to grow despite sales halt -industry
JAKARTA, April 14 (Reuters) - A decision by top palm oil buyers to halt purchases from Indonesia is unlikely to affect palm oil exports from Southeast Asia's biggest economy given strong demand, an industry official said on Wednesday.
Breaking News-RTRS-China April soy imports seen at 4.3 mln T-MOFCOM
BEIJING, April 14 (Reuters) - China's Commerce Ministry said buyers had reported imports of 4.3 million tonnes of soybeans for April.
That was slightly higher than the 4 million tonnes of actual arrivals in March recorded by China's Customs. Rains in Brazil had delayed loadings of cargoes to China from April to May, when China was expected to import a record amount of more than 5 million tonnes, traders said.
The China National Grain and Oils Information Center (CNGOIC) expected May imports at between 5 to 5.5 million tonnes.
That was slightly higher than the 4 million tonnes of actual arrivals in March recorded by China's Customs. Rains in Brazil had delayed loadings of cargoes to China from April to May, when China was expected to import a record amount of more than 5 million tonnes, traders said.
The China National Grain and Oils Information Center (CNGOIC) expected May imports at between 5 to 5.5 million tonnes.
Breaking News-RTRS-Chinese importers cancel Argentine soyoil orders
BUENOS AIRES, April 14 (Reuters) - Chinese soyoil importers are asking Argentine exporters not to send shipments of the oil that had been bought before Beijing started imposing a new import standard, traders in Buenos Aires said on Wednesday.
One trader said they did not want Argentine soyoil orders to be shipped even if they met the new requirement.
One trader said they did not want Argentine soyoil orders to be shipped even if they met the new requirement.
Trader's Highlight
DJI-NEW YORK, April 14 (Reuters) - U.S. stocks notched a fifth straight day of gains on Wednesday as stronger-than-expected corporate results and March retail sales pushed the S&P 500 past 1,200 for the first time in 18 months.
Dow components Intel Corp and JPMorgan Chase & Co paced the market after both posted better-than-expected results.
The Dow Jones industrial average <.DJI> was up 103.69 points, or 0.94 percent, at 11,123.11. The Standard & Poor's 500 Index <.SPX> was up 13.35 points, or 1.12 percent, at 1,210.65. The Nasdaq Composite Index <.IXIC> was up 38.87 points, or 1.58 percent, at 2,504.86.
NYMEX-NEW YORK, April 14 (Reuters) - U.S. crude oil futures ended 2.13 percent higher on Wednesday after the government reported an unexpected drop in domestic crude stockpiles last week, snapping a 10-week supply buildup.
Upbeat economic data on U.S. retail sales, a weaker dollar and falling fuel stocks in China lifted crude futures early as crude broke a string of five consecutive lower settlements.
On the New York Mercantile Exchange, May crude rose $1.79, or 2.13 percent, to settle at $85.84 a barrel, trading from $83.71 to $86.39.
CBOT-CHICAGO, April 14 (Reuters) - Chicago Board of Trade grains and soy complex closing trends on Wednesday.
CBOT-SOYBEANS - May up 1 cent at $9.69 a bushel; November up 1-1/4 cents at $9.46-1/4. Technical picture bullish early but nearby contract gave up gains after briefly breaking resistance point at 200-day moving average of $9.74-1/4. Reports of farmer sales in South America added pressure to the market, limiting gains.
CBOT-SOYOIL - May up 0.12 cent at 39.86 cents per lb. Gains in crude oil lend support to soyoil market.
FCPO-KUALA LUMPUR, April 14 (Reuters) - Malaysian palm oil futures made a little headway on Wednesday as firmer crude oil played tug-of-war with expectations of slower demand and improving production for this month.
The benchmark June contract on the Bursa Malaysia Derivatives Exchange fell 3ringgit or 0.12 percent to 2,528 ringgit ($790) per tonne. Traded volume was just 10,596 lots of 25 tonnes each.
The market traded in a narrow range as players awaited fresh leads from cargo surveyors who are due on Thursday to unveil export numbers for the first 15 days of April.
REGIONAL EQUITIES-SINGAPORE, April 14 (Reuters) - Singapore stocks jumped to their highest level since June 2008 on Wednesday as the local economy accelerated, prompting the central bank to declare the country had fully recovered from its worst-ever recession.
Singapore's trade-dependent economy expanded 13.1 percent in the first quarter from a year ago, the strongest since 1994 and beating expectations for an 11 percent rise.
The Singapore government also raised its 2010 growth forecast to between 7 and 9 percent, from a previous 4.5-6.5 percent.
The Straits Times Index <.FTSTI> ended 1.6 percent higher at 3,019.7 points, breaching the psychologically important 3,000 level and convincingly moving above the 61.8 percent retracement level of its downward move between September 2007 and March 2009.
Other Southeast Asian markets were tepid, however, with the year's strongest performer this year, Indonesia, ending little changed on the day. Malaysia closed up 0.1 percent.
Dow components Intel Corp
The Dow Jones industrial average <.DJI> was up 103.69 points, or 0.94 percent, at 11,123.11. The Standard & Poor's 500 Index <.SPX> was up 13.35 points, or 1.12 percent, at 1,210.65. The Nasdaq Composite Index <.IXIC> was up 38.87 points, or 1.58 percent, at 2,504.86.
NYMEX-NEW YORK, April 14 (Reuters) - U.S. crude oil futures ended 2.13 percent higher on Wednesday after the government reported an unexpected drop in domestic crude stockpiles last week, snapping a 10-week supply buildup.
Upbeat economic data on U.S. retail sales, a weaker dollar and falling fuel stocks in China lifted crude futures early as crude broke a string of five consecutive lower settlements.
On the New York Mercantile Exchange, May
CBOT-CHICAGO, April 14 (Reuters) - Chicago Board of Trade grains and soy complex closing trends on Wednesday.
CBOT-SOYBEANS - May
CBOT-SOYOIL - May
FCPO-KUALA LUMPUR, April 14 (Reuters) - Malaysian palm oil futures made a little headway on Wednesday as firmer crude oil played tug-of-war with expectations of slower demand and improving production for this month.
The benchmark June contract
The market traded in a narrow range as players awaited fresh leads from cargo surveyors who are due on Thursday to unveil export numbers for the first 15 days of April.
REGIONAL EQUITIES-SINGAPORE, April 14 (Reuters) - Singapore stocks jumped to their highest level since June 2008 on Wednesday as the local economy accelerated, prompting the central bank to declare the country had fully recovered from its worst-ever recession.
Singapore's trade-dependent economy expanded 13.1 percent in the first quarter from a year ago, the strongest since 1994 and beating expectations for an 11 percent rise.
The Singapore government also raised its 2010 growth forecast to between 7 and 9 percent, from a previous 4.5-6.5 percent.
The Straits Times Index <.FTSTI> ended 1.6 percent higher at 3,019.7 points, breaching the psychologically important 3,000 level and convincingly moving above the 61.8 percent retracement level of its downward move between September 2007 and March 2009.
Other Southeast Asian markets were tepid, however, with the year's strongest performer this year, Indonesia, ending little changed on the day. Malaysia closed up 0.1 percent.
FCPO Daily: range between 2500 to 2600 levels
Range trading between 2500 to 2600 looks likely to continue in near term as nothing much changes to the immediate daily technical landscape.
FKLI Daily: in sideways mode
Market continue to hover in sideways mode to trade in between 1330-1350 levels in upward posture. Thus, we are waiting a significant breakout from the either way for a more clearer direction.
Wednesday, April 14, 2010
Breaking News-RTRS-UPDATE 3-Argentina says China soyoil talks progressing
BUENOS AIRES, April 13 (Reuters) - Argentine officials said on Tuesday talks to resolve a trade spat with China over soyoil were progressing and many exporters would be able to meet tough new import standards imposed by Beijing.
The new requirements have put a question mark over a key hard currency earner for the South American country, the world's biggest soyoil exporter. They also threaten to squeeze supplies in China, the top consumer of the edible oil.
Chinese authorities have denied the new rules were imposed in retaliation for Argentina's decision to restrict some Chinese imports like shoes and steel pipes to protect local industry during the global economic crisis.
The new requirements have put a question mark over a key hard currency earner for the South American country, the world's biggest soyoil exporter. They also threaten to squeeze supplies in China, the top consumer of the edible oil.
Chinese authorities have denied the new rules were imposed in retaliation for Argentina's decision to restrict some Chinese imports like shoes and steel pipes to protect local industry during the global economic crisis.
Trader's Highlight
DJI-NEW YORK, April 13 (Reuters) - U.S. stocks closed slightly higher on Tuesday on hopes that key upcoming earnings results would provide evidence the global economy is recovering, while the euro was pressured by lingering concerns about Greece.
U.S. Treasury debt prices mostly rose on safe-haven buying as investors remained cautious about the fiscal problems of the weakest euro zone members and before a slew of key corporate earnings that will help gauge the strength of the economy.
The Dow Jones industrial average <.DJI> ended 13.45 points higher, or up 0.12 percent, at 11,019.42, while the Standard & Poor's 500 Index <.SPX> edged up 0.82 point, or 0.07 percent, at 1,197.30. The Nasdaq Composite Index <.IXIC> rose 8.12 points, or 0.33 percent, to 2,465.99.
NYMEX-NEW YORK, April 13 (Reuters) - U.S. crude oil futures ended lower for the fifth day in a row on Tuesday, ahead of weekly inventory reports forecast to show the 11th straight week of a buildup in crude inventories. A flurry of late short-covering limited the day's losses, traders said.
Crude futures were also aided briefly by the release of minutes of the Federal Reserve's mid-March meeting, in which policy makers noted that modest recovery was under way but also raised questions about its sustainability.
On the New York Mercantile Exchange, May crude settled down 29 cents, or 0.34 percent, at $84.05 a barrel, trading from $82.51 to $84.36.
CBOT-CHICAGO, April 13 (Reuters) - Chicago Board of Trade grains and soy complex close on Tuesday.
CBOT-SOYBEANS - May up 8 cents at $9.68 a bushel; November up 10 cents at $9.45. Turned higher after weak open as lack of cash selling by U.S. and South American farmers limiting supplies at processors and elevators.
CBOT-SOYOIL - May up 0.15 cent at 39.74 cents per lb. Weak crude oil market weighs on prices.
FCPO-KUALA LUMPUR, April 13 (Reuters) - Malaysian crude palm oil futures ended little changed on Tuesday as selling on the back of weaker exports in April was offset by buying on the back of last month's lower stocks data.
Cargo surveyors reported that Malaysian palm oil exports for the first ten days of April fell by a third. But this week, industry regulator Malaysian Palm Oil Board said palm oil stocks dropped to six month lows in March.
The benchmark June crude palm oil contract on the Bursa Malaysia Derivatives ended 1 ringgit lower to settle at 2,524 ringgit ($787.5) a tonne after going as low as 2,511 ringgit. Overall traded volume stood at 11,203 lots of 25 tonnes each.
REGIONAL EQUITIES-HONG KONG, April 13 (Reuters) - Philippine shares ended at a two-year high on Tuesday, outperforming other Southeast Asian markets, underpinned by expectations that the economy would rise at a faster clip this year, helping lift corporate earnings.
Other markets were lower on profit-taking. Escalating political tensions in Thailand weighed on sentiment, analysts said. Singapore <.FTSTI> fell 0.2 percent, Malaysia <.KLSE> eased 0.4 percent and Vietnam <.VNI> shed 0.4 percent.
U.S. Treasury debt prices mostly rose on safe-haven buying as investors remained cautious about the fiscal problems of the weakest euro zone members and before a slew of key corporate earnings that will help gauge the strength of the economy.
The Dow Jones industrial average <.DJI> ended 13.45 points higher, or up 0.12 percent, at 11,019.42, while the Standard & Poor's 500 Index <.SPX> edged up 0.82 point, or 0.07 percent, at 1,197.30. The Nasdaq Composite Index <.IXIC> rose 8.12 points, or 0.33 percent, to 2,465.99.
NYMEX-NEW YORK, April 13 (Reuters) - U.S. crude oil futures ended lower for the fifth day in a row on Tuesday, ahead of weekly inventory reports forecast to show the 11th straight week of a buildup in crude inventories. A flurry of late short-covering limited the day's losses, traders said.
Crude futures were also aided briefly by the release of minutes of the Federal Reserve's mid-March meeting, in which policy makers noted that modest recovery was under way but also raised questions about its sustainability.
On the New York Mercantile Exchange, May
CBOT-CHICAGO, April 13 (Reuters) - Chicago Board of Trade grains and soy complex close on Tuesday.
CBOT-SOYBEANS - May
CBOT-SOYOIL - May
FCPO-KUALA LUMPUR, April 13 (Reuters) - Malaysian crude palm oil futures ended little changed on Tuesday as selling on the back of weaker exports in April was offset by buying on the back of last month's lower stocks data.
Cargo surveyors reported that Malaysian palm oil exports for the first ten days of April fell by a third. But this week, industry regulator Malaysian Palm Oil Board said palm oil stocks dropped to six month lows in March.
The benchmark June crude palm oil contract
REGIONAL EQUITIES-HONG KONG, April 13 (Reuters) - Philippine shares ended at a two-year high on Tuesday, outperforming other Southeast Asian markets, underpinned by expectations that the economy would rise at a faster clip this year, helping lift corporate earnings.
Other markets were lower on profit-taking. Escalating political tensions in Thailand weighed on sentiment, analysts said. Singapore <.FTSTI> fell 0.2 percent, Malaysia <.KLSE> eased 0.4 percent and Vietnam <.VNI> shed 0.4 percent.
NYMEX Crude Daily: Losing ground
Market continue to lose ground following prices ended down for straight five days and tested the support at USD83.00 in intra-day basis. As for now, we are looking at the immediate upside resistance at USD85.71-85.88 followed by USD86.37. To the downside, immediate support is lies at USD82.00-81.50.
FCPO Daily: Sideways
Market extended its sideways move in between 2500-2600 levels and nothing much changes on the immediate technical outlook. Thus, we continue to wait for a significant breakout from the either way to provide a more clearer direction to market.
FKLI Daily: Due for Consolidation
Market slowing down its upward move after the recent strong rally. Thus, market may due for consolidation in near term with upside resistance is pegged at 1350.5 While, downside support is adjusted to 1330 followed by 1327.5-1320.5 (gap left over on 1/4/2010).
Tuesday, April 13, 2010
Breaking News-RTRS-UPDATE 1-Chinese buyers stop seeking Argentine soyoil imports
BEIJING/BUENOS AIRES, April 12 (Reuters) - Chinese buyers have stopped applying for new import permits after authorities in Beijing slapped new quality standards on shipments from the South American nation around two weeks ago.
Importers are exploring alternative origins, including Brazil for soyoil and Malaysia for palm oil imports, although high domestic stocks and firm prices were discouraging buyers from entering into new deals, traders said on Monday.
Some cargoes were postponed, while at least one cargo was switched to India, they said.
Importers are exploring alternative origins, including Brazil for soyoil and Malaysia for palm oil imports, although high domestic stocks and firm prices were discouraging buyers from entering into new deals, traders said on Monday.
Some cargoes were postponed, while at least one cargo was switched to India, they said.
NYMEX Crude Daily: May due for consolidation phase
Market is facing some resistance at USD87.00 and looks may due for a consolidation in near term. As for now, we are looking at the immediate upside resistance at USD87.09. To the downside, immediate support is lies at USD83.95 followed by USD83.00
Trader's Highlight
DJI-NEW YORK, April 12 (Reuters) - The Dow industrials closed above 11,000 for the first time in almost 19 months on Monday as expectations of solid first-quarter earnings spurred buying in financial, energy and industrial sectors.
Even so, some investors said stock prices already reflect lofty expectations for first-quarter results, with both the Dow and the S&P 500 near 19-month highs.
The Dow Jones industrial average <.DJI> rose 8.62 points, or 0.08 percent, to 11,005.97 -- its highest close since September 2008. The Standard & Poor's 500 Index <.SPX> climbed 2.11 points, or 0.18 percent, to 1,196.48. The Nasdaq Composite Index <.IXIC> added 3.82 points, or 0.16 percent, to 2,457.87.
NYMEX-NEW YORK, April 12 (Reuters) - U.S. crude futures fell on Monday, a fourth consecutive lower settlement, as concerns about high inventories and tepid demand offset support from a weaker dollar.
Crude futures seesawed, with oil lifted at times during the session by plans to aid Greece, which strengthened the euro against the dollar, and data showing China imported a near record monthly amount of crude oil in March.
On the New York Mercantile Exchange, May crude fell 58 cents, or 0.68 percent, to settle at $84.34 a barrel, trading from $84.08 to $85.71.
CBOT-CHICAGO, April 12 (Reuters) - Chicago Board of Trade grains and soy complex close on Monday.
CBOT-SOYBEANS - May up 7-3/4 cents at $9.60 a bushel; November down 1-1/2 cents at $9.35. Nearbys gain sharply against deferreds on bull spreads, supported by slow farmer sales in U.S. and South America, along with news of fresh sales of old-crop U.S. soybeans to China.
CBOT-SOYOIL - May down 0.45 cent at 39.59 cents per lb. Losing ground to soymeal as oil/meal spreads unwind and setting back from last week's gains.
FCPO-KUALA LUMPUR, April 12 (Reuters) - Malaysian palm oil futures ended mixed on Monday due to a technical correction with the benchmark June contract down 2.3 percent after hitting a near three-week high the previous session.
The market will probably trade in a tight range in the immediate term said a trader from a foreign brokerage, pegging the support and resistance levels for crude palm oil futures at 2,500 and 2,600 ringgit.
The benchmark June contract on Bursa Malaysia's derivatives exchange closed 59 ringgit lower at 2,535 ringgit ($796.2) a tonne. Traded volume rose to 14,632 lots of 25 tonnes each from the usual 10,000 lots.
Malaysia's March palm oil stocks dropped 7.5 percent to six-month lows as overseas demand outweighed a strong production recovery in absolute terms, industry regulator Malaysia Palm Oil Board said on Monday.
REGIONAL EQUITIES-BANGKOK, April 12 (Reuters) - Thai stocks fell 3.6 percent to four-week lows on Monday as investors unloaded big caps after a deadly anti-government protests, while Indonesia rose over 1 percent, with bank stocks leading the way.
Other Southeast Asian markets extended gains, with Singapore <.FTSTI> edging up 0.17 percent, Malaysia <.KLSE> adding 0.4 percent, the Philippines <.PSI> climbing 1.3 percent and Vietnam <.VNI> finishing 0.5 percent higher.
In Singapore, actively traded stocks included Cosco Corp, which jumped 9.3 percent. Top bank DBS Group rose 1.8 percent and Singapore Telecoms was up 0.6 percent.
Among outperformers in Kuala Lumpur, financial CIMB Group gained 0.7 percent and Tenaga Nasional rose 0.5 percent.
Even so, some investors said stock prices already reflect lofty expectations for first-quarter results, with both the Dow and the S&P 500 near 19-month highs.
The Dow Jones industrial average <.DJI> rose 8.62 points, or 0.08 percent, to 11,005.97 -- its highest close since September 2008. The Standard & Poor's 500 Index <.SPX> climbed 2.11 points, or 0.18 percent, to 1,196.48. The Nasdaq Composite Index <.IXIC> added 3.82 points, or 0.16 percent, to 2,457.87.
NYMEX-NEW YORK, April 12 (Reuters) - U.S. crude futures fell on Monday, a fourth consecutive lower settlement, as concerns about high inventories and tepid demand offset support from a weaker dollar.
Crude futures seesawed, with oil lifted at times during the session by plans to aid Greece, which strengthened the euro against the dollar, and data showing China imported a near record monthly amount of crude oil in March.
On the New York Mercantile Exchange, May
CBOT-CHICAGO, April 12 (Reuters) - Chicago Board of Trade grains and soy complex close on Monday.
CBOT-SOYBEANS - May
CBOT-SOYOIL - May
FCPO-KUALA LUMPUR, April 12 (Reuters) - Malaysian palm oil futures ended mixed on Monday due to a technical correction with the benchmark June contract down 2.3 percent after hitting a near three-week high the previous session.
The market will probably trade in a tight range in the immediate term said a trader from a foreign brokerage, pegging the support and resistance levels for crude palm oil futures at 2,500 and 2,600 ringgit.
The benchmark June contract
Malaysia's March palm oil stocks dropped 7.5 percent to six-month lows as overseas demand outweighed a strong production recovery in absolute terms, industry regulator Malaysia Palm Oil Board said on Monday.
REGIONAL EQUITIES-BANGKOK, April 12 (Reuters) - Thai stocks fell 3.6 percent to four-week lows on Monday as investors unloaded big caps after a deadly anti-government protests, while Indonesia rose over 1 percent, with bank stocks leading the way.
Other Southeast Asian markets extended gains, with Singapore <.FTSTI> edging up 0.17 percent, Malaysia <.KLSE> adding 0.4 percent, the Philippines <.PSI> climbing 1.3 percent and Vietnam <.VNI> finishing 0.5 percent higher.
In Singapore, actively traded stocks included Cosco Corp
Among outperformers in Kuala Lumpur, financial CIMB Group
FCPO Daily: Traded in between 2500-2600
Market continue to trade in between 2500 to 2600 level. We are still waiting for a significant breakout from the either way to provide a more clearer direction to market.
FKLI Daily: Maintain in upward posture
Market maintain its upward posture and looks likely to challenge again the recent high at 1350.5 followed by the next upside resistance at 1360-1375. While, downside support is adjusted to 1330 followed by 1315-1310.
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