Tuesday, April 10, 2012

20120410 1103 Global Market & Commodities Related News.

GLOBAL MARKETS-Shares struggle, China data eyed
TOKYO, April 10 (Reuters) - Asian shares eased on Tuesday as investors cautiously awaited Chinese trade data to gauge whether the world's second largest economy could achieve a soft landing, after a sharp slowdown in  U.S. jobs creation clouded prospects for global growth.
"We remain constructive about global risk but expect a choppy trading environment this week," Barclays Capital analysts said in a research note.

COMMODITIES-Mostly down on US jobs data; oil tracks Iran talks
NEW YORK, April 9 (Reuters) - Oil prices fell on Monday as revived talks on Iran's nuclear program eased fears of supply disruptions, while other commodities slipped as slowing U.S. jobs growth raised doubts about demand in the No. 1 economy.
"In the next few months, the market will not only begin to price in the Fed's sustained policy but will price in for further monetary action," said James Dailey, portfolio manager of the TEAM Asset Strategy Fund.

OIL-Oil falls on Iran talks, weak U.S. jobs data
NEW YORK, April 9 (Reuters) - Oil prices fell in light volume on Monday as revived talks on Iran's nuclear program eased fears of supply disruption, while slowing U.S. jobs growth sparked concern about demand for fuel.
"If there are some good vibrations from the Iranian talks, and they don't immediately break down, the markets will have hopes that the European Union may lighten the sanctions on Iran, at least on the insurance front," said Olivier Jakob from Petromatrix.

NATURAL GAS-U.S. natgas futures end up after hitting 10-year low
NEW YORK, April 9 (Reuters) - Front-month U.S. natural gas futures ended higher on Monday in a seesaw session, lifted by short covering after prices slid overnight to a new 10-year low on growing concerns about record-high supplies.
"There has been a bit of short covering as many participants are expecting a less aggressive injection into inventory this week after some unseasonably cold temperatures in parts of the country (last week)," Energy Management Institute's Dominick Chirichella said in a report.

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