STOCKS: European shares index futures pointed to a higher open, although gains were seen limited as many investors remain on the sidelines, waiting for the outcome of the tight U.S. presidential election, amid fresh concerns about the uncertainty over the Greek parliamentary vote to push through severe fiscal reforms. Most Asian shares fell while U.S. stocks closed slightly higher on Monday. (Reuters)
FOREX-Euro dogged by worries about Greece; Aussie climbs on RBA
SINGAPORE, Nov 6 (Reuters) - The euro languished near a two-month low versus the dollar with its outlook clouded by uncertainty over a Greek parliamentary vote on austerity steps needed for Athens to secure international aid.
"Everyone is nervous because of all the uncertainty over what might happen tomorrow," said Satoshi Okagawa, senior global markets analyst for Sumitomo Mitsui Banking Corporation in Singapore, referring to the looming parliamentary vote in Greece.
China factory, investment data seen cementing modest growth recovery
BEIJING, Nov 6 (Reuters) - China's factory output and investment may have gained steam in October as government pro-growth policy steps gain traction, a Reuters poll showed, limiting the chances of aggressive stimulus even as inflation stays benign.
The median forecast by 26 economists showed China's factory output in October probably grew 9.4 percent from a year earlier, accelerating from the annual pace of 9.2 percent in September and a three-year low of 8.9 percent in August.
U.S. voters to render verdict in close White House race (Reuters)
President Barack Obama and Republican challenger Mitt Romney face the verdict of U.S. voters on Tuesday after a long and bitter White House campaign, with polls showing them deadlocked in a race that will be decided in a handful of states where it is extraordinarily close.
G20 carves out some more wiggle room on austerity plans (Reuters)
The world's leading economies gave themselves a bit more wiggle room on Monday to meet targets for cutting budget deficits rather than risk worsening a slowdown in many countries, chief among them the United States.
GRAINS: Chicago wheat rose half a percent, gaining for a second straight session as the market was underpinned by U.S. crop ratings sliding to a record low with dryness in key producing states. Soybeans rose after two days of losses but the market is trading not far from Monday's 2-1/2 week low on forecasts of crop-friendly weather in South America. (Reuters)
POLL-US winter wheat ratings seen down; corn 95 pct harvested (Reuters)
A lack of rain in the southern Plains likely reduced the portion of the winter wheat crop in good-to-excellent condition last week, according to a Reuters poll of analysts.
POLL-US crude inventories seen up, products down due to Sandy (Reuters)
U.S. crude oil inventories are forecast to have risen while product stocks fell last week after disruptions to pipelines, imports and refineries caused by Hurricane Sandy upended trade, a preliminary Reuters poll of analysts showed on Monday.
OIL: Brent oil traded in a tight range below $108 per barrel, caught between uncertainty ahead of the U.S. elections and renewed worries about Greece and the euro zone crisis, which could delay a global economic recovery and hurt oil demand. (Reuters)
Indonesia court upholds challenge to raw mineral export ban (Reuters)
Indonesia's supreme court has upheld a challenge to a government ban on the export of unprocessed minerals, a decision that could pave the way for a resumption of exports by junior miners who have been hit hard by the restriction imposed in May.
BASE METALS: London copper ticked up, after hitting a two-month low in the previous session, although gains were capped as uncertainty ahead of the U.S. elections curbed investors' appetite for riskier assets. (Reuters)
PRECIOUS METALS: Gold traded little changed as investors awaited potential policy spinoffs from the U.S. presidential election, while China's upcoming leadership transition and Greece's strike over a new austerity package also kept sentiment cautious. (Reuters)
German steel industry sees higher output next year
DUESSELDORF, Germany, Nov 5 (Reuters) - The German steel association sees crude steel production in Europe's biggest economy returning to growth in 2013 after an expected decline of 4 percent this year.
It said on Monday it expected investment to pick up next year as manufacturing benefits from a gradual recovery of the global economy, but warned that any improvement depended on politicians resolving the European debt crisis.
Gold rush: China jewellers go west for growth
SINGAPORE/ZHENJIANG, China, Nov 6 (Reuters) - The smart young women and coiffured housewives browsing for rings and necklaces at a shiny new mall in a city on the Yangtze River could breathe fresh life into China's boom in gold consumption.
With jewellery stores already flooding shopping districts in Beijing and Shanghai, retailers are shifting their focus to smaller cities in hope of mining a rich seam of appetite for products which make up the bulk of gold-buying in a nation eclipsing India as the No.1 consumer of the precious metal.
METALS-LME copper comes off 2-month low, capped by US vote
SHANGHAI, Nov 6 (Reuters) - London copper rose recovering from a two-month low hit in the previous session, although gains were capped as uncertainty ahead of the U.S. elections curbed investors' appetite for riskier assets.
"Copper prices have rebounded today after falling over the past two sessions because there is support at yesterday's trough from recent signs that the U.S. and Chinese economies are improving," Great Wall Futures analyst Li Rong said.
PRECIOUS-Gold flat after coming off 2-mth low; US election in focus
SINGAPORE, Nov 6 (Reuters) - Gold traded little changed as investors awaited potential policy spinoffs from the U.S. presidential election, while China's upcoming leadership transition and Greece's strike over a new austerity package also kept sentiment cautious.
"Clients are holding back ahead of the U.S. election," said Brian Lan, managing director at GoldSilver Central Pte Ltd in Singapore, adding that the recent price dip in gold had attracted retail investors in the region.
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