20110816 1234 Global Market & Commodities Related News.

GLOBAL MARKETS-Asian shares rise, euro steady ahead of meeting
SINGAPORE, Aug 16 (Reuters) - Asian stock markets rose on Tuesday, following Wall Street shares which climbed for the third straight session on Monday, inspired by takeover news and better-than-expected Japanese data after a torrid July and August.
"Sovereign debt concerns remain a persistent negative for the (euro), as the EU's latest attempt at delivering a comprehensive solution to the region's vulnerabilities has disappointed investors," analysts at Standard Chartered said in a research note.

Oil up almost $2 as euro optimism lifts markets
NEW YORK, Aug 15 (Reuters) - Oil rose almost $2 a barrel on Monday, supported by optimism that European leaders will come up with solutions to the region's debt crisis and by broader gains in global markets.
"It does look as if not only our (U.S.) debt problem but also the European problem and some of the fears that drove (U.S. oil down) to $75 a barrel have receded," said Gene McGillian, analyst for Tradition Energy in Stamford, Connecticut.

NYMEX-Natural gas ends down as milder forecasts weigh
NEW YORK, Aug 15 (Reuters) - U.S. natural gas futures fell on Monday for a second day, as a weak economy, record-high gas output and moderating weather forecasts for the eastern United States weighed on prices despite heat in Texas and the West.
"It's still hot in Texas, but the milder weather in the Northeast has made the delivered market to New York awful," a Houston-based trader said, noting cash prices slipped as Northeast and Midwest temperatures turned milder.

COMMODITIES-Gold rebounds, others up with risk recovery
NEW YORK, Aug 15 (Reuters) - Commodities vaulted higher on Monday, extending their rebound from this month's rout as investors cautiously picked up riskier assets.
"It does look as if not only our debt problem but also the European problem and some of the fears that drove (U.S. oil) to $75 a barrel have receded," said Gene McGillian, analyst for Tradition Energy in Stamford, Connecticut.

Euro Coal-DES trades 75c/T higher with oil
LONDON, Aug 15 (Reuters) - Prompt physical coal prices rose around 75 cents a tonne on Monday, bolstered by rising oil prices and buying by a utility.
"Prices are up slightly on a bit of buying, and oil is stronger," one trader said.