20120910 1112 Global Markets & Commodities Related News.

GLOBAL MARKETS-Asian shares inch up, euro zone and Fed QE3 eyed
TOKYO, Sept 10 (Reuters) - Asian shares crept up o with expectations rising that weak U.S. jobs data would prompt the Federal Reserve to announce fresh stimulus this week and Europe to make use of this week's key events to push forward its debt crisis management.
"Unsatisfactory economic conditions and a failure to meet its (full employment) mandate suggest that the FOMC is set to act soon.  At a minimum, we expect the FOMC to extend its forward guidance on rates at next week's meeting, although there is a strong likelihood it will deliver even more," Amber Rabinov at ANZ Research said in a note.

COMMODITIES-Rally on QE3 bets; gold at 6-month high
NEW YORK, Sept 7 (Reuters) - Commodities rose broadly on Friday as the dollar fell to a near four-month low against the euro after disappointing U.S. job numbers for August led to bets there will be more stimulus for the world's largest economy.
"It was a decidedly negative report," John Kilduff, partner at Again Capital LLC, a commodities-focused hedge fund in New York, said, referring to the jobs numbers.

OIL-Oil rises as jobs data reinforces stimulus hopes
NEW YORK, Sept 7 (Reuters) - Oil prices rose on Friday in volatile trading after a disappointing U.S. August jobs report weakened the dollar and bolstered expectations for stimulus from the U.S. Federal Reserve, even while denting the outlook for petroleum demand.
"It was a decidedly negative report due to the meager number of jobs created in August and the downward revision for the two prior months," said John Kilduff, partner at Again Capital LLC in New York.

China's August refinery, power output inch up on yr
BEIJING, Sept 9 (Reuters) - China's refinery throughput and power generation rose slightly in August from a year earlier, with higher crude runs helped by a fuel price hike that helped pare some of the heavy refining losses, data from the National Bureau of Statistics showed on Sunday.
Still, the weak growth of below three percent for refinery and power output marks a significant deceleration which began last year and highlights how demand from Chinese factories has eased on falling orders from the United States and Europe, the country's two largest export markets.

Still 186,000 bpd Gulf oil output shut after Isaac-govt
Sept 9 (Reuters) - Nearly 14 percent of Gulf of Mexico oil production and nearly 10 percent of natural gas output remained shut on Sunday, more than a week after Hurricane Isaac passed over the region, U.S. regulators said.
While operators have restored most of the output following the most disruptive storm in years, about 186,000 barrels per day (bpd) of offshore oil production was still shut, the U.S. Bureau of Safety and Environmental Enforcement. On Saturday an estimated 352,000 bpd had been closed.

NATURAL GAS-Glitch halts electronic NYMEX natural gas for one hour
NEW YORK, Sept 7 (Reuters) - The New York Mercantile Exchange halted electronic U.S. natural gas trade for nearly one hour on Friday due to a technical problem, the second glitch this year to roil trade on the world's biggest energy exchange.
"They were making markets here on the floor, but (electronic trade platform) Globex was down for about an hour. There was no chaos. It was pretty calm and collected," a trader on the NYMEX floor said.

EURO COAL-DES ARA discounts widen on slack demand
LONDON, Sept 7 (Reuters) - Physical coal prices were little changed again on Friday at around $90 a tonne, a level many players consider to be high given the dearth of spot demand globally.
"Steady prices of $90 or more with almost nobody buying are hard to believe in when the discounts being talked are so wide," one European trader said.