Palm | Kelapa Sawit

DJI-NEW YORK, Aug 11 (Reuters) - U.S. stocks shot up 4 percent on Thursday as bargain-hungry investors overcame the recent wave of fear that drove selling over the last two weeks.



Thursday's rally marked the second bounce in a yo-yo week. After a sell-off that pushed the S&P 500 down as much as 17 percent since July 22, the market is showing some signs of regaining its footing.



The Dow Jones industrial average .DJI surged 423.37 points, or 3.95 percent, to 11,143.31. The Standard & Poor's 500 Index .SPX shot up 51.88 points, or 4.63 percent, to 1,172.64. The Nasdaq Composite Index .IXIC jumped 111.63 points, or 4.69 percent, at 2,492.68.



NYMEX-NEW YORK, Aug 11 (Reuters) - U.S. crude futures rose more than 3 percent on Thursday as an equities rally and a supportive drop in jobless claims helped offset concerns about French banks and fears that Europe's debt crisis will spread.



On the New York Mercantile Exchange, September crude CLU1 rose $2.83, or 3.41 percent, to settle at $85.72 a barrel, trading from $81.03 to $85.97, reached in post-settlement trading.



CBOT-SOYBEANS-Soybean futures on the Chicago Board of Trade rose more than 2 percent after the U.S. Department of Agriculture cut its forecasts of the U.S. 2011 soy and corn yields below trade expectations, traders said.



Benchmark November soybeans SX1 unofficially ended up 2.34 percent, the biggest single-day rise since May 18.



FCPO-KUALA LUMPUR, Aug 11 (Reuters) - Malaysian palm oil futures extended gains for a second day on Thursday after food commodities rose and planters turned more bullish on the production outlook for the edible oil.



An industry regulator said palm oil production growth may not be as high as anticipated after a season of strong yields and a top official from IJM Plantations said the after effects of El Nino may slow output.



That may support palm oil futures that have fallen 21 percent so far this year on higher edible oil supply and concerns that the U.S. and Europe debt crisis may slow economic growth.



The benchmark October crude palm oil contract KPOc3 on Bursa Malaysia Derivatives settled up 1.9 percent to 2,993 ringgit ($996) per tonne.



Overall traded volume as heavy at 30,747 lots of 25 tonnes each compared to the usual 25,500 lots, many traders came back into the market.