20120906 1114 Global Markets & Commodities Related News.

GLOBAL MARKETS-Stocks edge up, euro holds ground on ECB hopes
SINGAPORE, Sept 6 (Reuters) - Asian shares edged up on Thursday and the euro held the previous session's gains made after reports that the European Central Bank will buy unlimited amounts of short-term sovereign bonds to cap surging borrowing costs in indebted euro zone states.
"This meeting is absolutely crucial, because expectations are extremely high. If the ECB does not deliver, we will get into another bad patch," said Gilles Moec, senior European
economist at Deutsche Bank.

OIL-Brent falls, U.S. crude up awaiting ECB, jobs data
NEW YORK, Sept 5 (Reuters) - Brent crude prices fell on Wednesday, while U.S. crude inched up in seesaw trade ahead of a European Central Bank meeting and a U.S. August payrolls report as investors await central bank action in the face of slowing economic growth.    
"Uncertainty about the ECB, after Bernanke's speech didn't provide any stimulus announcement, and the U.S. jobs report on Friday, has kept caution in a market that has bulls looking for a reason to push higher," said Gene McGillian, analyst at Tradition Energy.

NATURAL GAS-U.S. natgas futures end down 2 pct on milder weather
NEW YORK, Sept 5 (Reuters) - U.S. natural gas futures ended lower for the first time in five trading days on Wednesday, sliding 2 percent amid longer-term forecasts calling for milder autumn weather for consuming regions of the nation.
"The natural gas market is seeing some profit taking off recent gains, with updated temperature forecasts taking away some of the cooling demand from Tuesday's projections," said Citi Futures energy analyst Tim Evans.

EURO COAL- Dips, market braces for further fall
LONDON, Sept 5 (Reuters) -    Physical coal prices in Europe trickled lower by 10 cents a tonne on Wednesday but traders said they were set for further falls because the drop in supply has been outpaced by shrinking spot demand.
"The Chinese are doing virtually nothing spot, the usual big traders there are stuck with massive inventories they bought at much higher prices and they also have no buyers," one European trader said.