STOCKS: Asian shares fell, with Japan's stocks sliding more than 1.5 percent to a two-month low, and the safe-haven dollar firmed on concerns that the corporate results season will reveal weaker earnings in the face of flagging global economic growth.. European stock index futures pointed to a lower open, with stocks set to lose ground for the third consecutive session as investors fret about corporate results as the earnings season gets under way. U.S. stocks fell on Tuesday, led by losses in technology after brokerage downgrades of Intel and other major companies as worries increased about third-quarter U.S. earnings. (Reuters)
FOREX: The euro dropped to its lowest since the start of month against the dollar and the yen, as investors shied away from risk on concerns about weak earnings in the United States due to a slowdown in global growth.(Reuters)
FOREX-Euro slips, tries to hold above 200-day average
TOKYO, Oct 10 (Reuters) - The euro dropped to its lowest since Oct. 1 against the dollar and the yen, as investors shied away from risk on concerns about weak earnings in the United States due to slowing global growth.
Asian shares followed a drop on Wall Street overnight, when technology stocks fell on brokerage downgrades of Intel and other major companies, as worries mounted about third-quarter U.S. earnings, which firms began reporting on Tuesday.
Global financial confidence "very fragile", euro crisis key threat-IMF(Reuters)
The International Monetary Fund urged European policymakers to deepen the financial and fiscal ties within the euro area with some urgency to restore sagging confidence in the global financial system.
Chevron warns on Q3 profit; Richmond out through Q4(Reuters)
Chevron Corp warned that third-quarter profits would be "substantially lower" than the previous quarter as a hurricane and maintenance curbed its oil and gas output and a fire hit its refining arm.
GRAINS: U.S. soybeans fell for the third straight session, with traders trimming positions ahead of a U.S. Department of Agriculture report expected to show increased production forecasts for the oilseed, while the grim outlook for global growth also weighed.(Reuters)
Untenable Thai rice scheme puts populist PM in bind(Reuters)
Thailand's government is under growing pressure to cut its guaranteed price for rice which is so high exports have slumped, and even some farmers accept a cut might be needed, but it may find it politically hard to back down.
POLL-U.S. crude stocks seen rising on higher imports last week(Reuters)
U.S. crude oil inventories were expected to have risen last week on additional imports, after two straight weeks of declines, a preliminary Reuters poll of analysts showed on Tuesday.
OIL: Brent crude slipped near $114 after a jump of 2 percent the previous day, with a cloudy economic outlook offsetting fears about disruptions to Middle East oil supply as a conflict between Turkey and Syria escalated.(Reuters)
Planes, autos help Alcoa to a quarterly profit(Reuters)
Stronger demand for aluminum products from airplane and automobile producers helped Alcoa Inc's third-quarter profit beat Wall Street's expectations despite weak aluminum prices and worries about China's slumping economy.
Iron ore at 10-week high on China restocking, stimulus hopes
SINGAPORE, Oct 10 (Reuters) - Chinese steel futures rose to two-month highs driven by hopes of more stimulus measures from Beijing to aid a slowing economy and backing further gains in iron ore prices that have leapt by more than 12 percent in the past two days.
Chinese steel producers, the world's biggest buyers of iron ore, returned to the spot market this week hungry for the raw material after last week's National Day holiday, helping push iron ore prices to their highest in 10 weeks.
BASE METALS: London copper dipped slightly as persistent worries over global economic growth outweighed fresh signs of pro-growth policies by top metals consumer China.(Reuters)
PRECIOUS METALS: Gold hovered above $1,760 an ounce after three consecutive sessions of losses, as a murky outlook for global growth buoyed the dollar, putting pressure on bullion.(Reuters)
METALS-London copper firms on China policies; China data eyed
SHANGHAI, Oct 10 (Reuters) - London copper edged up as fresh signs of pro-growth policies by top metals consumer China outweighed worries over the global economy and sagging metals demand.
Chinese state-backed media on Wednesday pointed to fresh policies to stabilise the world's second-largest economy, with one saying major insurance firms had boosted their combined stock holdings by more than 10 billion yuan ($1.6 billion) over the last three trading days and will continue to support blue chip stocks and stock markets. Another paper said China is likely to offer incentives to spur vehicle sales in rural areas to boost consumption and support a slowing economy.
PRECIOUS-Gold steady but pressured by stronger dollar, growth worries
SINGAPORE, Oct 10 (Reuters) - Gold hovered above $1,760 an ounce after three consecutive sessions of losses, as a murky outlook for global growth buoyed the dollar, putting pressure on bullion.
The greenback rose to its highest in nearly a month against a basket of currencies, making dollar-priced commodities more expensive for buyers holding other currencies.
Baltic index down as capesize rates fall
Oct 9 (Reuters) - The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry commodities, fell on Tuesday as a rise in rates for panamax vessels was offset by a drop in capesizes.
The overall index, which reflects daily freight market prices for capesize, panamax, supramax and handysize dry bulk transport vessels, fell 0.91 percent to 875 points.
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