DJI-NEW YORK, Dec 8 (Reuters) - U.S. stocks rallied to their highest level in a month on Monday on optimism President-elect Barack Obama's proposed infrastructure spending could limit the depth of the year-old recession and on hopes for a government bailout of the three U.S. automakers.
The Dow Jones industrial average <.DJI> rose 298.76 points, or 3.46 percent, to 8,934.18. The Standard & Poor's 500 Index <.SPX> climbed 33.63 points, or 3.84 percent, to 909.70. The Nasdaq Composite Index <.IXIC> was up 62.43 points, or 4.14
percent, at 1,571.74.
NYMEX-NEW YORK, Dec 8 (Reuters) - U.S. crude oil futures ended higher on Monday, snapping a six-session losing streak, as hopes for more economic stimulus lifted global equities, the dollar dipped against the euro and industry sources said Saudi
Arabia would cut supply further. U.S. cold weather and a port strike in France also helped lift oil futures, trading sources said. The market has recently become oversold, prompting buying from the lows, they added.
On the New York Mercantile Exchange, January crude
CBOT-SOYBEANS - January
CBOT-SOYOIL - December
FCPO-JAKARTA, Dec 5 (Reuters) - Malaysian palm futures rose more than 2 percent on Friday on short-covering ahead of a long weekend, recovering from losses earlier in the day, traders said.
The benchmark February palm oil contract
Other traded contracts rose between 23 ringgit and 45 ringgit. The overall volume was 12,277 lots of 25 tonnes each.
REGIONAL EQUITIES-BANGKOK, Dec 8 (Reuters) - Thailand's stock index <.SETI> rose 4.5 percent to a one-week high on Monday as investors bought energy blue chips such as PTT
Trade in Southeast Asia was muted because markets in Singapore <.FTSTI>, Indonesia <.JKSE> and Malaysia <.KLSE> were closed for holidays.
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