GLOBAL MARKETS-Shares fall as Europe debt worry stings risk appetite
TOKYO, April 5 (Reuters) - Asian shares fell on Thursday after a weak Spanish bond sale heightened concerns about funding difficulties by lower-rated euro zone countries, further undermining sentiment hurt by fading expectations for more stimulus from the U.S. Federal Reserve.
"More policy support from the ECB in the near term appears unlikely, following the hawkish slant in tone during its press conference. Widening peripheral European government bond spreads, higher Treasuries, higher implied vol, a lower EUR and a stronger USD are reminiscent of past episodes of elevated European concern," they wrote in a note to clients.
COMMODITIES-Prices dive as stimulus hopes fade; stockpiles hit oil
NEW YORK, April 4 (Reuters) - Commodities fell across the board on Wednesday, with a surge in U.S. crude stockpiles pressuring oil and as investors worried about the demand outlook for raw materials if there is no U.S. monetary stimulus this year.
"What we're seeing this morning is the aftermath of the release of the Fed minutes tempering hopes of a QE for now, pushing the dollar stronger and oil down," said Olivier Jakob at energy consultants Petromatrix.
OIL-Oil falls as U.S. stockpiles hit 9-month high
NEW YORK, April 4 (Reuters) - Oil fell for a second straight day Wednesday, ending about 2 percent lower after testing key technical support levels as U.S. government data showed crude stockpiles in the world's top consumer jumped last week to a nine-month high.
"The report is solidly bearish with the decisive factor being the crude oil build and rise in imports," said John Kilduff, partner at Again Capital LLC in New York.
Physical oil market plenty at odds with pricey Brent
LONDON, April 4 (Reuters) - Europe's oil futures market and its physical crude markets paint widely divergent views on oil.
Brent oil futures have remained stubbornly high around $122 to $126 per barrel, even while Saudi Arabia's oil minister, Ali al-Naimi, has repeatedly assured the market there are ample supplies.
NATURAL GAS-US natgas futures end down 2 pct, storage weighs
NEW YORK, April 4 (Reuters) - U.S. natural gas futures ended lower on Wednesday, nearly wiping out gains scored earlier in the week as expectations for a bearish inventory build on Thursday outweighed extended forecasts for cooler weather that should boost demand.
"My overall view remains biased to the bearish side. The surplus is still building in inventory versus both last year and the five year average and is going to get harder and harder to work off," Energy Management Institute's Dominick Chirichella said, adding he does not expect a sustained trend change soon.
EURO COAL-Prices fall with oil, gas markets
LONDON, April 4 (Reuters) - European physical coal prices fell along with other energy markets on Wednesday, but coal's slide also reflected its oversupply and poor demand in Europe.
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