20110622 1132 Global Market & Commodities Related News.

GLOBAL MARKETS: Euro stabilises after Greek vote, Fed eyed
SINGAPORE, June 22 (Reuters) - The euro stabilised below $1.44 in early Asian trade on Wednesday after the Greek government, under pressure to pass spending laws as it grapples with a debt mountain, won a vote of confidence as expected.
The next key moment for investors will the U.S. Federal Reserve's news conference at 1815 GMT, when chairman Ben Bernanke will give his views on U.S. growth.

OIL: Oil falls on Spain concerns, spread sell off
NEW YORK, June 21 (Reuters) - Brent crude fell on Tuesday, dragged down by the sell off in the spread to U.S. crude and a warning about risks to Spain's economy that added to concerns about the euro zone.
"Crude futures fell back on the news of the IMF warning that the repair of Spain's economy is incomplete and that risks are still considerable," said Phil Flynn, analyst for PFGBest Research in Chicago.

NATURAL GAS: Natural gas ends up, first gain in seven sessions
NEW YORK, June 21 (Reuters) - U.S. natural gas futures ended higher on Tuesday in light trade, backed by warmer U.S. weather forecasts for next week and technical buying after six straight losing sessions despite comfortable supplies.
"The market's been down for more than a week, but the forecasts look a little warmer and a couple more nukes dropped out which is keeping things firm. This could be a dead cat bounce though," a Texas trader said, noting buying today was more technical than fundamental.

EURO COAL: Coal avoids big falls seen in other energy assets
LONDON, June 21 (Reuters) - European coal futures slipped on Tuesday, avoiding sharp drops seen in related energy markets but also failing to break back through important resistance markers.
"A Chinese VAT solution has been on the radar for a while, but so far there has been no announcement from officials," one source said, adding that because coal stocks at China's utilities had improved, a VAT adjustment from the government to lure more coal into the market made little sense at this point.