GLOBAL MARKETS-Shares, euro slip as data casts doubt on recovery
SINGAPORE, May 3 (Reuters) - Asian shares slipped on Thursday and the euro wallowed near a two-week low after disappointing data from both sides of the Atlantic rekindled concerns about the strength of the global economic recovery.
"It seems too early for another wave of easing, but that is where the risks are skewed. The outcome is continued downward pressure on EUR/USD," said Sebastian Galy, strategist at Societe General.
COMMODITIES-Weak data hits markets; natgas down most
NEW YORK, May 2 (Reuters) - Commodities tumbled across the board on Wednesday as disappointing U.S. and European economic data weighed on oil and many other markets, while ideal crop conditions led to double-digit losses in grains.
"The market is viewing the fact that Centaurus is a big player and they are going to have to liquidate," Dominick Chirichella, analyst at the Energy Management Institute, said, adding that the sell-off may have been an "overreaction".
OIL-Oil sags on inventory build, soft data
NEW YORK, May 2 (Reuters) - Crude oil futures fell on W ednesday, as U.S. crude inventories soared to their highest level in more than 20 years after rising for the sixth straight week last week and employment dipped in the United States and Europe, dimming the outlook for oil demand.
"The report doesn't seem to be supportive of a further rally," said Gene McGillian, analyst at Tradition Energy in Stamford, Connecticut.
NATURAL GAS-US natgas futures end down 5 pct after Centaurus news
NEW YORK, May 2 (Reuters) - U.S. natural gas futures, off early on moderate weather forecasts and profit-taking after a three-day rally, ended down sharply on Wednesday amid pressure from news that a huge natural gas hedge fund would close.
"The market is viewing the fact that Centaurus is a big player and they are going to have to liquidate," Energy Management Institute's Dominick Chirichella said.
EURO COAL-Prompt prices slide $3, attracting buying
LONDON, May 2 (Reuters) - European coal prices slid by $3 on Wednesday to $88 a tonne, having touched two-year lows the day before, and the drop in prices drew out some buying.
"If you look at the fixed prices for these (July) trades compared with coal paper (swaps), they were done at $3.50 below swaps, and for any utility that's got to be attractive," one European trader said.
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