20101005 0929 Global Market News.

OIL: Crude steady on mixed forecast for U.S. inventories
SINGAPORE, Oct 5 (Reuters) - Oil was steady on Tuesday as forecasts called for gains in U.S. crude and gasoline inventories, while winter fuel stocks likely dropped last week.  U.S. crude oil inventories rose last week by 600,000 barrels as imports rebounded and refinery demand fell, with the industry stepping up seasonal maintenance, a preliminary Reuters poll ahead of weekly inventory reports showed on Monday. 

GLOBAL MARKETS: Dollar recoups on euro-zone woes, Treasuries up
NEW YORK, Oct 4 (Reuters) - The U.S. dollar gained broadly on Monday on lingering concerns about euro-zone debt, while speculation of further monetary easing by the U.S. Federal Reserve boosted Treasuries prices.
"The euro has come a very long way in a very short period of time, and certainly Ireland and the peripheral euro zone country issues have not gone away," said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange Inc in Washington. When those issues "come back in the spotlight, they are used to take some profits on the euro."

PRECIOUS-Gold near record highs, eyes fresh dollar weakness
LONDON, Oct 4 (Reuters) - Gold prices firmed in Europe on Monday as investors continued to fret about the outlook for the dollar amid speculation of further U.S. monetary easing, but a slight rebound in the U.S. unit kept a lid on fresh gains.
"Gold is stalling near Friday's highs again, (with) a small dollar rebound this morning limiting the upside," said Andrey Kryuchenkov, an analyst at VTB Capital. "(It) will continue here ahead of U.S. data."

FOREX-Dollar edges up as bets on weakness look crowded
LONDON, Oct 4 (Reuters) - The dollar rose on Monday, recovering earlier losses as traders cut bets the currency will weaken, which have been piling up on speculation the Federal Reserve may further ease U.S. monetary easing.
"The market has a substantial short dollar position and when you're going into a big data week, you wonder whether the positioning risk is worth it at this juncture," said Paul Mackel, director of currency strategy at HSBC.

World stocks, oil slip; EM buoyant
LONDON, Oct 4 (Reuters) - Equity markets in developed economies fell across the board as investors remained wary of an economic slowdown, while stocks in buoyant emerging market economies hit their highest since June 2008.
"On the one hand people are very nervous about the economy, but on the other hand you don't want to be too negative and too short either because you know that (Federal Reserve Chairman Ben) Bernanke is there," said Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets in Brussels.