GLOBAL MARKETS-Markets rise on Greece bailout hopes, solid U.S. data
TOKYO, Feb 17 (Reuters) - Asian shares rebounded on Friday, as sentiment turned positive on firmer signs euro zone officials would soon approve a long-awaited bailout for Greece to reduce the risk of a disorderly default, while solid U.S. economic data also lent support.
"(Markets) have become more optimistic about the U.S., so a 'growth scare' there could upset market sentiment," it said.
COMMODITIES-Copper springs up from 3-week low, gold flattens
NEW YORK, Feb 16 (Reuters) - Copper turned higher after falling to a three-week low on Thursday, while gold retraced losses and Brent oil reversed up to an eight-month high as the perceived likelihood of a Greek bailout deal gave many commodities an injection of optimism.
"America has a fragile economic recovery and it (the Greek debt crisis) is hurting Chinese exports to the euro zone. I think copper could dip to $8,000 or $7,900, depending how long people are willing to take profits," said VTB Capital analyst Andrey Kryuchenkov.
Brent tops $120 on Iran, North Sea, Greece
NEW YORK, Feb 16 (Reuters) - Brent crude rose on Thursday for a fourth day in a row, topping $120 a barrel at settlement -- an eight-month high -- on worries about supply from Iran and from the North Sea, where output was expected to dip next month.
"Crude futures popped on the euro reversal to the upside against the dollar and the S&P 500 also rose," said Addison Armstrong, senior director of market research at Tradition Energy in Stamford, Connecticut.
US natural gas ends up 6 pct, inventory data sparks rally
NEW YORK, Feb 16 (Reuters) - Front-month U.S. natural gas futures ended with strong gains on Thursday, driven by steady buying after a government report showed a slightly larger-than-expected weekly inventory draw.
"A larger than expected withdrawal from inventory this morning has been enough to send natgas futures into a modest short covering rally," Energy Management Institute's Dominick Chirichella said in a report.
Euro Coal-Prices rise $1/T with stronger oil
LONDON, Feb 16 (Reuters) - Prompt European physical coal prices rose by around $1.00 a tonne on Thursday although no fresh trades were reported, boosted by oil's climb towards $120 and despite fairly stable European gas and power values.
"You could easily see another $3-4 fall in DES values but probably not as low as $90, not yet, because oil is helping prop prices up," one European trader said.
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