GLOBAL MARKETS-Shares rise on hopes for Spanish banks, policy stimulus
TOKYO, June 7 (Reuters) - Asian shares rose on Thursday on signs European policymakers were seeking a solution for ailing Spanish banks and amid growing expectations for additional monetary stimulus if major economies deteriorate further.
"Although there were no overt hints of immediate action from the European Central Bank, investors feel that the overall tone of global policymakers is accommodative of a breakthrough at the U.S. FOMC and EU leaders' summit scheduled later in the month,"
COMMODITIES-Biggest jump since Feb on hopes over Europe, Fed
NEW YORK, June 6 (Reuters) - Commodities posted their biggest rebound in more than three months o n W ednesday as growing hopes for a solution to the euro zone crisis and a stimulus for the U.S. economy sent prices of oil to copper and corn surging.
"These markets have exhausted the selling interest. There's not a lot going on from a fundamental perspective," said Shawn McCambridge, an analyst at Jefferies Bache in Chicago.
OIL - Brent crude above $100 on euro zone hopes, Fed
NEW YORK, June 6 (Reuters) - Crude oil futures rallied on Wednesday, with Brent returning above $100 a barrel on growing hopes for a rescue of Spain's troubled banks to ease the euro zone debt crisis, and as a U.S. Federal Reserve official hinted at more monetary easing.
"Crude futures are undergoing a technical correction and ... getting support from the rising stock market due to euro zone hopes and a lower dollar (as the euro rallied)," said Gene McGillian, an analyst at Tradition Energy in Stamford, Connecticut.
NATURAL GAS - US natgas futures end down, 1st loss in 3 sessions
NEW YORK, June 6 (Reuters) - U.S. natural gas futures ended lower on Wednesday after two straight session gains, but a tightening supply and demand balance and warmer Northeast and Midwest weather forecasts for later this week and next helped limit the downside.
"The market's in a sideways pattern, trading between $2.20 and $2.80. We need more AC (air conditioning) demand," said Tom Saal, senior vice president at INTL Hencorp Futures in Miami.
EURO COAL-Prices dip, mood bearish at Bali conference
LONDON, June 6 (Reuters) - European prompt physical coal prices slipped by around $1.00 a tonne on Wednesday in quiet trade.
"There are a lot of the usual people missing this week but overall it's a little softer again and all the news looks bearish," one European trader said.
No comments:
Post a Comment