GLOBAL MARKETS-Markets fall over Greece uncertainty, slowing growth
TOKYO, March 7 (Reuters) - Asian shares fell for a third day in a row on Wednesday as investors grew more risk averse, with renewed uncertainty over Greece's bailout and mounting worries about slowing global economies overshadowing support provided by ample liquidity.
"The correction likely reflects concerns about the Greek PSI (private sector involvement), Chinese growth and high oil prices. But these concerns are not new, and so far, they are more likely to reflect profit taking than a fundamentally driven re-pricing of risk," Barclays Capital analysts said.
COMMODITIES-Raw materials slump continues on Greek worries
NEW YORK, March 6 (Reuters) - Commodities tumbled on Tuesday, continuing a broad and sharp selloff as worries about Greece's debt restructuring and weak economic data fed fears that demand for raw materials would remain slack.
"The risk premium on Iran was pretty high, so one should expect to see that fading because world powers are willing to talk to Iran," said Olivier Jakob, an analyst at Petromatrix in Zug, Switzerland.
Slower China growth won't curb commodity imports
--Clyde Russell is a Reuters market analyst. The views expressed are his own.--
SINGAPORE, March 6 (Reuters) - Is it time to turn bearish on China's commodity demand because the government has confirmed what everybody knew anyway, that economic growth will be slower in 2012?
Certainly some investors took news that this year's growth target had been lowered to 7.5 percent, an 8-year low, as a sell signal.
OIL-Oil falls on Iran talks, economy worries
NEW YORK, March 6 (Reuters) - Oil prices retreated on Tuesday as data showing a shrinking euro zone economy fueled fears of curbed demand for petroleum, while news that major powers accepted Iran's offer for more talks on its nuclear program eased concerns about supply disruptions.
"The risk premium on Iran was pretty high, so one should expect to see that fading because world powers are willing to talk to Iran," said Olivier Jakob, an analyst at Petromatrix in Zug, Switzerland.
NATURAL GAS-Mild forecasts drive most US natural gas futures lower
NEW YORK, March 6 (Reuters) - U.S. natural gas futures mostly ended lower on Tuesday, with mild late-winter weather and record-high supplies still weighing on the complex despite some technical buying in the front month after Monday's steep slide.
"Weather patterns continue to look warm out there over the next two weeks. There continues to be some support given the higher-than-normal levels of nuclear outages and fuel switching," Gelber & Associates analyst Pax Saunders said.
Euro Coal-Dips 20 cents, more stockpiling seen
LONDON, March 6 (Reuters) - Prompt physical coal prices held fairly steady on Tuesday, dropping by only 20 cents a tonne on Tuesday despite continued tepid buying interest in Europe and a steep fall earlier in the day in oil prices.
"We would expect opportunistic demand for the purpose of storage in order to deliver at a later date to be more attractive if it (the contango) were to widen above the $20 levels seen in early 2010," Barclays Capital said in a research note on Tuesday.
US oil stocks rise even as imports tumble-API
NEW YORK, MARCH 6 (Reuters) - U.S. crude oil inventories rose far more than expected last week and oil product stocks were mixed as crude imports tumbled, weekly data from the American Petroleum Institute showed on Tuesday.
U.S. crude stockpiles rose 4.6 million barrels in the week to March 2, compared with analysts' expectations for an 800,000 barrel build.
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