STOCKS: European stock index futures pointed to a slightly higher open and Asian shares rose as investors resumed buying while also warily bracing for corporate earnings season to kick off in full force. U.S. stocks fell on Tuesday. (Reuters)
FOREX-Dollar rises vs yen as buyers emerge after pullback
SINGAPORE, Jan 9 (Reuters) - The dollar rose against the yen after its retreat this week from a 2-1/2 year high lured buyers who had been waiting for a chance to buy on dips, with the outlook for more Japanese monetary easing expected to weigh further on the yen.
"In terms of the drop that we saw in dollar/yen, there were a lot of dollar buyers coming in," said Mitul Kotecha, head of global foreign exchange strategy for Credit Agricole in Hong Kong.
German trade, industry data point to economy shrinking (Reuters)
More evidence of sliding German exports and industry orders on Tuesday compounded concerns that the euro zone crisis may have battered the region's largest economy into contraction at the end of last year.
Indonesia reinstates 5 pct import duty on soybeans (Reuters)
Indonesia reinstated a 5 percent import duty on soybeans on Jan. 1 after scrapping the tariff for the final five months of last year in an effort to ease the impact of high global prices, an official at the industry ministry said.
U.S. crude and fuel stocks rise, gasoline up sharply-API (Reuters)
U.S. crude oil and refined fuel inventories rose sharply last week as crude imports surged, data from the American Petroleum Institute showed on Tuesday.
U.S. oil production to jump 25 percent by 2014-EIA (Reuters)
U.S. crude oil production is expected to rise by the largest amount on record in 2013, the Energy Information Administration said on Tuesday, and is set to soar by almost a quarter over the next two years.
OIL: Brent crude held below $112 per barrel as investors awaited Chinese trade data, U.S. corporate earnings and the outcome of a European Central Bank policy meeting to glean insights into the health of the world's biggest economies. (Reuters)
China avg daily steel output slips to 1.901 mln T in late Dec –CISA (Reuters)
China's daily crude steel output slipped 0.5 percent between Dec. 21-31 from the preceding 10 days, the third consecutive fall during the month as steel mills curbed output amid slowing demand, data from an industry portal showed.
BASE METAS: London copper inched lower as investors trimmed risk on the unfolding corporate earnings season, but hopes that Chinese trade data this week will show the world's top metals consumer extending its recovery helped support prices. (Reuters)
PRECIOUS METALS: Gold held around $1,660 an ounce as investors awaited policy decisions by central banks in Japan and the euro zone, while physical buying interest from Asia helped support sentiment. (Reuters)
METALS-Copper steady; earnings caution trims risk appetite
MELBOURNE, Jan 9 (Reuters) - London copper was steady supported by hopes that Chinese trade data this week will show the world's top metals consumer was extending its economic recovery but prices were capped by caution as the U.S. corporate earnings season began.
"Concerns over growth coming out of Europe and also the U.S is keeping a lid on prices moving higher," said Jonathan Barratt, chief executive of Barratt's Bulletin, a Sydney-based commodity research firm.
PRECIOUS-Gold stays off 4-1/2 mth low on Asia physical buying
SINGAPORE, Jan 9 (Reuters) - Gold held around $1,660 an ounce as investors awaited policy decisions by central banks in Japan and the euro zone, while physical buying interest from Asia helped support sentiment.
"One clear signal for gold to sell off is if we see real rates go higher," said Dominic Schnider, an analyst at UBS Wealth Management in Singapore. "But that's not for now."
Baltic shipping index up for fourth day on higher capesize rates
Jan 8 (Reuters) - The Baltic Exchange's main sea freight index, used to track rates for ships carrying dry commodities, rose for the fourth straight day on Tuesday as capesize rates strengthened further.
The main index, which gauges the cost of shipping commodities such as iron ore, cement, grain, coal and fertilizer rose 22 points or about 3 percent, to 734 points.
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