GLOBAL MARKETS-Soaring Spanish debt costs cap shares, hurt euro
TOKYO, April 17 (Reuters) - Asian shares were capped while the euro eased on Tuesday, as soaring Spanish borrowing costs underscored the fading impact of of the European Central Bank's bond purchases and stoked investor nervousness over euro zone debt.
"The market is holding its breath this week to see how much Spanish debt investors pick up and at what yields during Thursday's auction," said Rhoo Yong-suk, an analyst at Hyundai Securities.
COMMODITIES-China, euro zone keep pressure on market
NEW YORK, April 16 (Reuters) - Major commodity markets closed lower on Monday hurt by renewed concerns of a euro zone debt crisis and sluggish Chinese growth, but losses were less than on Friday. ''There is concern over China's economic growth after last week's GDP data, which is not just weighing on corn and wheat but it's adding pressure on the whole commodity complex," said Ker Chung Yang, a commodities analyst at Phillip Futures in Singapore.
OIL-Oil tumbles 2 pct on early US pipeline reversal
NEW YORK, April 16 (Reuters) - Oil futures tumbled more than 2 percent o n M onday after news a major pipeline reversal that will alleviate a large U.S. bottleneck may start ahead of schedule sparked heavy spread trading.
"The earlier-than-expected reversal of the Seaway pipeline has triggered selling of the WTI-Brent spread," said Gene McGillian, analyst at Tradition Energy in Stamford, Connecticut.
NATURAL GAS - US natgas futures gain, first time in 5 sessions
NEW YORK, April 16 (Reuters) - U.S. natural gas futures ended higher on Monday for the first time in five sessions, as technical buying lifted prices despite moderate U.S. weather forecasts and record-high supplies that should limit the upside.
"Natgas futures are once again in the midst of a very modest short covering rally ahead of some pretty hot weather," Energy Management Institute's Dominick Chirichella said in a report.
Euro Coal-Prices dip, June ARA trades at $96.90/T
LONDON, April 16 (Reuters) - European physical coal prices dipped again on Monday, pressured by oversupply, utilities and traders said.
"Prices are not going to rise much above these levels, they're more likely to stay at $100 or below for the rest of the year - there's just too much coal from the U.S. and Colombia in traders' hands," one utility source said.
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