DJI-NEW YORK, Oct 8 (Reuters) - The Dow closed above the 11,000 mark for the first time in five months on Friday as a surprisingly weak jobs report strengthened the case for more stimulus from the Federal Reserve.
While a loss of 95,000 jobs normally might be expected to hurt stocks, the market's desire for cheap money trumped concerns about the slow economy.
The Dow Jones industrial average <.DJI> gained 57.90 points, or 0.53 percent, to close at 11,006.48. The Standard & Poor's 500 Index <.SPX> rose 7.09 points, or 0.61 percent, to 1,165.15. The Nasdaq Composite Index <.IXIC> climbed 18.24 points, or 0.77 percent, to 2,401.91.
NYMEX-NEW YORK, Oct 8 (Reuters) - U.S. crude oil futures rose on Friday as the dollar weakened due to an unexpected dip in U.S. jobs, further raising expectations of easier money policies from the Federal Reserve to help lift the struggling economy.
U.S. equities gained, bolstered by the likely Fed action, and gasoline futures rallied. Both aided crude's rebound from Thursday's losses.
On the New York Mercantile Exchange, November crude
CBOT-CHICAGO, Oct 8 (Reuters) - Chicago Board of Trade grain and soybean complex close on Friday.
CBOT-SOYBEANS - November
CBOT-SOYOIL - October
FCPO-KUALA LUMPUR, Oct 8 (Reuters) - Malaysian palm oil ended off a 26-month high and other vegetable oil markets edged higher as traders bet China would start to restock after the long holidays at a time of possible tight global supplies.
But some traders turned cautious later in the session after news that India would probably cut down on some vegetable oil imports as rapeseed output jumped in a key producing state. [ID:nSGE6930GP]
Benchmark Malaysian palm oil futures <0#KPO:> rose as much as 0.8 percent at 2,808 ringgit ($909) per tonne, a level unseen since Aug 8, 2008. The contract ended 26 ringgit lower at 2,760 ringgit.
Trades were brisk, with 14,443 lots of 25 tonnes each changing hands, up from the usual 10,000.
REGIONAL EQUITIES-BANGKOK, Oct 8 (Reuters) - Southeast Asian stock markets fell on Friday ahead of U.S. job data and contentious G7 and IMF meetings focusing on currencies, with Thai stocks pulling back from 14-year highs, but most bourses managed gains on the week.
Investors chose to lock in profits, wary of what may come out of the weekend meetings and of regional policies that may curb inflows. The bull run on equities in the region is in large part the result of hot money flowing out of developed economies.
Equities in Indonesia <.JKSE>, Thailand <.SETI> and Singapore <.FTSTI> fell for a second session, finishing down 1.1 percent, 0.8 percent and 0.4 percent respectively.
Malaysia <.KLSE> ended flat, after earlier climbing to a 32-month high, the Philippines <.PSI> eased 0.2 percent, coming off a record high hit in early trade, and Vietnam <.VNI> fell 0.6 percent after scaling a one-month high on Thursday.
On the week, Thailand ended down 1.6 percent, Southeast Asia's worst performer. Indonesia was flat, snapping a five-week gain, but Singapore, Malaysia, Vietnam and the Philippines finished higher. Manila fared best, ending up 3.04 percent.
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