Palm | Kelapa Sawit

DJI-NEW YORK, Sept 14 (Reuters) - U.S. stocks rose 1 percent in a third day of gains on Wednesday after European leaders displayed new urgency in efforts to contain the euro zone debt crisis.

German and French leaders called on Greece to implement all financial reforms "strictly and effectively," a German government spokesman said.

Greece expects policymakers to report that Athens is on track to fulfill its targets and receive the aid it needs to avoid any chance of a debt default, a Greek official said.

The Dow Jones industrial average .DJI was up 140.88 points, or 1.27 percent, at 11,246.73. The Standard & Poor's 500 Index .SPX was up 15.81 points, or 1.35 percent, at 1,188.68. The Nasdaq Composite Index .IXIC was up 40.40 points, or 1.60 percent, at 2,572.55.

NYMEX-NEW YORK, Sept 14 (Reuters) - U.S. crude futures ended lower on Wednesday in choppy trading after a government report showed rising refined products inventories and weak demand for gasoline, offsetting a bigger-than-expected drop in crude stocks.

U.S. commercial crude oil stocks fell 6.7 million barrels last week, the U.S. Energy Information Administration said in its weekly report.

On the New York Mercantile Exchange, October crude CLV1 fell $1.30, or 1.44 percent, to settle at $88.91 a barrel, trading from $88.21 to $90.25.

CBOT-SOYBEANS-Soybean futures on the Chicago Board of Trade fell, with benchmark November notching a sixth decline in the last seven sessions on technical selling and seasonal pressure ahead of the U.S. harvest, traders said.

A drop of roughly 1.5 percent in U.S. crude oil futures weighed on soy prices, which are linked to crude through the soy-based biodiesel market.

Trade was light, with soybean futures volume down nearly 25 percent from the 250-day average.

FCPO-JAKARTA, Sept 14 (Reuters) - Malaysian palm oil futures reversed early losses on Wednesday, with investors citing an over-sold market and fluctuations in currencies, but gains were capped by a bigger-than-expected U.S. soybean crop outlook.

Benchmark November palm oil FCPOc3 on the Bursa Malaysia Derivatives Exchange added 1.5 percent to end at 3,065 Malaysian ringgit ($1,002) per tonne. Earlier, prices hit a low of 2,989 ringgit, the weakest since Sept. 6.

Traded volumes for the November contract stood at 13,520 lots of 25 tonnes each, compared with 9,867 lots on Tuesday.
Benchmark prices have added 0.5 percent this week, with gains limited by a better-than-expected production outlook for the U.S. soy crop.

Earlier this week, the U.S. Department of Agriculture unexpectedly raised its U.S. crop production outlook by 1 percent in a monthly report, despite forecasts for a smaller crop due to hot, dry weather this summer

REGIONAL EQUITIES-BANGKOK, Sept 14 (Reuters) - Most Southeast Asian stock markets fell on Wednesday as mounting euro zone debt concerns eroded broad market sentiment, with banks under pressure from the global banking crisis.

The outperforming region faced outflows of global capital on worries over euro zone debt and global economic uncertainty.

Worst hit was Indonesia, whose benchmark Jakarta Composite Index .JKSE slid 1.95 percent. Jakarta had $166 million in outflows, its biggest since August 19, as the rupiah IDR=ID, fell, Thomson Reuters data showed.

Singapore's DBS Group Holdings DBSM.SI eased 0.3 percent, extending its losses for a fifth session to the lowest in more than two years. Thailand's biggest Bangkok Bank BBL.BK fell 0.7 percent to seven-month lows.