OIL: Crude tracks equities lower as dollar strengthens
SINGAPORE, Sept 28 (Reuters) - Oil fell towards $76 on Tuesday, tracking Asian equities lower on lingering concerns about euro-zone debt, which also boosted the dollar.
U.S. crude oil stockpiles probably fell by 400,000 barrels last week on lower imports as seasonal refinery maintenance slowed demand, a preliminary Reuters poll of analysts showed on Monday, ahead of weekly inventory reports Tuesday and Wednesday.
COMMODITY MARKETS: Gold, sugar rally; wheat leads losses in grains
NEW YORK, Sept 27 (Reuters) - Gold touched another record high on Monday before finishing flat in thin trade, and oil and a few other commodities also ended little changed or softer after being weighed down by equities and directionless trade.
"Most complexes show prices stuck in tight trading ranges, with little indication that they will break out one way or another," Edward Meir, senior commodities analyst at MF Global in New York, wrote in a commentary on oil.
GLOBAL MARKETS: Gold, bonds soar on debt woes, Fed speculation
NEW YORK, Sept 27 (Reuters) - Gold hit a record high of $1,300 per ounce and U.S. Treasury prices surged on Monday on renewed worries about euro-zone debt and expectations the Federal Reserve will further ease monetary policy.
"The euro right now is being pulled in a tug of war between the sovereign debt crisis still existing in the euro zone versus the prospect of a very serious QE2 (another round of quantitative easing) out of the U.S.," said Boris Schlossberg, director of FX research at GFT in New York.
PRECIOUS-Gold hits record at $1,300; silver at 30-year high
LONDON, Sept 27 (Reuters) - Gold powered to hit a record high at $1,300 an ounce as investors poured money into bullion on fears of looming inflationary pressures as well as worries about the health of the global economy.
Silver, often considered the poor man's gold, rose to a 30-year high as investors chased a cheaper alternative. The metal has gained nearly 30 percent this year, catching up with gold.
World stocks near 5-month high, M&A lifts mood
LONDON, Sept 27 (Reuters) - World stocks hit their highest level in nearly five months on Monday while oil prices rose as growing corporate merger activity and last week's upbeat U.S. economic data encouraged investors to buy risky assets.
Unilever has agreed to buy U.S.-based hair care firm Alberto Culver for $3.7 billion in cash. A source said China's Bright Food Group is exploring the purchase of Britain's United Biscuits in a possible $3.2 billion deal.
Asian stocks rally, dollar dips to five-month low
SINGAPORE, Sept 27 (Reuters) - Asian stocks rose to their highest in more than two years in response to optimism on the U.S. economy, while the dollar dipped to five-month lows against the euro.
"Wall Street's rise has provided a bit of a boost but gains on the U.S. data are mainly because the figures weren't quite as bad as expected, not that they were really good," said Takashi Ushio, head of the investment strategy division at Marusan Securities. "So gains on this alone will be limited."
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