Monday, April 9, 2012

20120409 1202 Global Market & Commodities Related News.

GLOBAL MARKETS-Shares fall on sluggish US jobs, focus on more data  
TOKYO, April 9 (Reuters) - Asian shares fell on Monday as a sharp slowdown in U.S. jobs growth raised concerns about the strength of the world's largest economy, making investors cautious ahead of more U.S. data and earnings as well as figures from China due this week.
"Price actions after the jobs data show that markets had been excessively discounting the U.S. economic recovery and must now fill the gap between the reality and prices built on perceived strength of the economy," said Naohiro Niimura, a partner at research and consulting firm Market Risk Advisory Co.

COMMODITIES-Oil, gold rebound as key jobs, trade data loom
NEW YORK, April 5 (Reuters) - Oil and gold prices rebounded from multi-week lows in subdued trade on Thursday, as traders focused on new signs of a U.S. economic recovery and mounting concerns over Iran's oil exports.
"Geopolitical and supply risk worries are pushing oil prices higher ahead of a three-day holiday weekend," said Gene McGillian, analyst at Tradition Energy in Stamford, Connecticut.

OIL-Brent slips below $123 on Iran nuclear talks
SINGAPORE, April 9 (Reuters) - Brent crude slipped more than $1 on Monday as Iran agreed to resume talks with top world powers this week on the country's nuclear programme, raising hopes of a peaceful end to the standoff that has rattled oil market for months.

NATURAL GAS-US natgas futures end near 10-year low as glut grows
NEW YORK, April 5 (Reuters) - Front-month U.S. natural gas futures ended just above a 10-year low on Thursday, pressured by another bearish weekly inventory report despite cooler forecasts for late this week and early next week that should boost demand.
"The (EIA build) number came in higher than expected. It was another bearish number, and it looks like they're jamming it in early in the producing region," a Massachusetts trader said.

EURO COAL-Prices fall ahead of Easter weekend
LONDON, April 5 (Reuters) - European physical coal prices fell along with other energy markets on Thursday as demand was sapped from the markets ahead of the Easter holiday weekend.

China ship insurer deals new blow to Iran oil exports
SINGAPORE, April 5 (Reuters) - A major Chinese ship insurer will halt cover for tankers carrying Iranian oil from July amid tightening Western sanctions against OPEC's second largest producer, two officials from the insurance provider told Reuters on Thursday.
This is the first sign that refiners in China, Iran's top crude buyer, may struggle to obtain the shipping and insurance to keep importing from the Middle Eastern country.

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