Wednesday, June 20, 2012

20120620 1135 Global Market & Commodities Related News.

GLOBAL MARKETS-Shares rise as investors bet Fed will 'Twist' again
SINGAPORE, June 20 (Reuters) - Asian shares rose and the euro clung to most of the previous session's gains as investors bet that Europe's worsening debt crisis and faltering global growth will prompt major central banks to launch a new round of monetary stimulus.
"The market is waiting for the outcome of the Fed meeting, and many expect some kind of easing steps," said Yutaka Miura, senior technical analyst at Mizuho Securities in Tokyo. "If they're disappointed, U.S. stocks would fall, so that risk will likely keep the market here from pushing the upside too far."

COMMODITIES-Markets rally as Greece fears ebb, Fed hopes rise
NEW YORK, June 19 (Reuters) - Commodities staged their biggest rally since February, jumping more than 1 percent as the euro rose on optimism about progress in Greece after weekend elections, and on hopes for more U.S. monetary stimulus from the Federal Reserve.
"It's a big move across the board. Everyone's just buying," said Shawn Hackett, president at Hackett Financial Advisors in Florida, a firm focusing on agricultural markets analysis.

Oil-Brent crude dips as Iran, West plan July talks
NEW YORK, June 19 (Reuters) - Brent crude edged lower on relief that negotiations to defuse the dispute over Iran's nuclear program led to plans for technical talks in July, while hopes for more monetary stimulus from the Federal Reserve helped lift U.S. crude.
"It is significant that Iran agreed to meet after the European Union embargo (on Iranian oil) begins. There was definitely a growing sense that they were at their breaking point, ready to walk out," said John Kilduff, partner at Again Capital LLC in New York.

Japan May energy imports surge again after Fukushima
TOKYO, June 20 (Reuters) - Japan's coal, crude oil and liquefied natural gas (LNG) imports rose sharply in May from a year earlier as all of the country's nuclear plants were idled following the disaster at Fukushima, government data showed on Wednesday.
Japan's imports of LNG were 7.06 million tonnes last month, up 16.8 percent from a year earlier, preliminary data from the Ministry of Finance showed. They rose 2.2 percent from April.

Japan May crude oil import volume up 7.1 pct
TOKYO, June 20 (Reuters) - The volume of Japan's customs-cleared crude oil imports rose 7.1 percent in May from the same month a year earlier, the Ministry of Finance said on Wednesday.
Japan, the world's third-biggest oil consumer, imported 16.6 million kilolitres (3.37 million barrels per day) of crude oil last month, the preliminary data showed.  That compared with April imports of 19.157 million kl.

NATURAL GAS-Profit-taking drives US natgas futures to lower close
NEW YORK, June 19 (Reuters) - U.S. natural gas futures ended lower  as milder regional weather forecasts for later this week and next week prompted some investors to take profits after the front contract hit a four-week high overnight.
"There was buying momentum yesterday on the heat and on last week's storage report, but we sold off today on profit-taking," said Tom Saal, senior vice president at INTL Hencorp Futures.

EURO COAL-Prices rise by marginal 20c/T
LONDON, June 19 (Reuters) - Prompt physical coal prices rose by around 20 U.S. cents a tonne , a marginal move higher with stronger oil but no fresh trades were reported.
"The bids and offers have been close but there's little appetite to trade," one European trader said.

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