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TH:Rupee gains 25 paise to 55.17 against dollar
  11 Jun 10:32
 
The rupee opened 25 paise higher at 55...
 
RTRS:COMMODITIES-Oil, copper rally on Spain rescue, China data
  11 Jun 10:32
 
* LME copper rises the most since Feb, Brent since March
* Dollar wilts after EU agrees to lend to Spanish banks

* China data shows surprise jump in commodity imports

By Manolo Serapio Jr

SINGAPORE, June 11 (Reuters) - Oil and copper posted their biggest rally in months on Monday as investors trooped back to riskier assets after Europe threw Spanish banks a lifeline, calming worries about the euro zone debt crisis...
 
MSN:Gold up after Spain deal; outpaced by other metals
  11 Jun 10:32
 
SINGAPORE (Reuters) - Gold inched up on Monday, after rising nearly 1 percent earlier on the euro zone's decision to help Spain's battered banks, which boosted risky assets and pressured the dollar, but gold's gains were outpaced by those of precious metals with industrial uses...
 
RTRS:FOREX-Euro jumps above $1.26 on Spain bank relief
  11 Jun 10:31
 
* Spanish deal triggers rally in riskier assets
* Traders to stay cautious ahead of Greek elections

* China data weak but better than traders had feared

By Antoni Slodkowski

TOKYO, June 11 (Reuters) - The euro is poised to stage its biggest daily rally against the dollar in almost eight months o n Monday, after Spain secured help for its debt-ridden banks and as Chinese economic data was not as bad as the market had feared...
 
RTRS:Indian rupee gains as risk assets gain on Spain aid
  11 Jun 10:30
 
(Reuters) - The Indian rupee gained on Monday, tracking gains in Asian stocks and currencies after the euro zone agreed to provide aid to Spain's banks, relieving markets that had feared for the country's finances...
 
RTRS:EM ASIA FX-Asian currencies rally after euro aid for Spain
  11 Jun 10:30
 
SINGAPORE, June 11 (Reuters) - Asian currencies surged on
Monday, with the Malaysian ringgit climbing more than 1 percent
at one point, as the euro zone's agreement to lend Spain up to
100 billion euros eased investors' jitters about Europe's
sovereign debt crisis...
 
ET:Asian shares, euro jump as EU aids Spanish banks
  11 Jun 10:30
 
TOKYO: Shares, commodities and the battered euro jumped on Monday after euro zone finance ministers agreed to lend Spain up to $125 billion to shore up its struggling banks, relieving markets that had feared a fiscal collapse in the country...
 
ET:Gold up after Spain deal; outpaced by other metals
  11 Jun 10:29
 
SINGAPORE: Gold inched up on Monday, after rising nearly 1 per cent earlier on the euro zone's decision to help Spain's battered banks, which boosted risky assets and pressured the dollar, but gold's gains were outpaced by those of precious metals with industrial uses...
 
BLBG:China Trainmaker CSR Says Euro Crisis Deterring European Deals
  11 Jun 10:28
 
CSR Corp...
 
RTRS:Euro jumps above $1.26 on Spain bank relief
  11 Jun 10:21
 
(Reuters) - The euro is poised to stage its biggest daily rally against the dollar in almost eight months on Monday, after Spain secured help for its debt-ridden banks and as Chinese economic data was not as bad as the market had feared...
 
BLBG:Oil Gains Most In Five Months On Spain Bailout, China
  11 Jun 10:21
 
Oil rose the most in more than five months in New York on speculation fuel demand will increase after Spain requested a European bailout to shore up its banks and China’s imports of crude climbed to a record...
 
BLBG:Euro, Asia Shares Climb On Spain Bank Bailout; Oil Gains
  11 Jun 10:20
 
Asian stocks rose the most in almost four months, the euro reached a two-week high and oil gained after Spain sought a bailout for its banks and China’s exports beat estimates...
 
BLBG:Ex-Goldman Director Gupta Won’t Testify At Trial, Lawyer
  11 Jun 10:20
 
Rajat Gupta , the former Goldman Sachs Group Inc...
 
BLBG:Euro Strength Seen By Stiglitz Removing Greek Debt
  11 Jun 10:19
 
Rather than a euro failure, an orderly Greek exit from the currency has Nobel laureate Joseph Stiglitz and Nomura Holdings Inc...
 
BLBG:Asian Currencies Gain As Spain Aid, Chinese Data Boost Sentiment
  11 Jun 10:18
 
Asian currencies rose, led by the biggest rally in Malaysia’s ringgit in six weeks, as a financial bailout for Spain and data showing China’s exports climbed twice as fast as economists estimated supported stocks...
 
BLBG:Euro Rises To Two-Week High On Spain Bailout Request
  11 Jun 10:18
 
The euro rose against most of its major counterparts after the region’s governments agreed to provide Spain with a bailout loan, fanning expectations European leaders will step up effort to counter the debt crisis...
 
BLBG:Gold-Investment Demand In China To Advance 10%, ICBC Says
  11 Jun 10:16
 
Gold-investment demand in China may gain more than 10 percent this year as buyers seek a haven from Europe’s debt crisis and the prospect of weakening currencies, according to the country’s largest bullion bank...
 
RTRS:Euro 2012: Russia rout Czechs, Poles held by Greece
  09 Jun 13:19
 
(Reuters) - Euro 2012 got off to an incident-packed start on Friday with Group A favourites Russia thrashing the Czech Republic 4-1 while Greece spoiled the party for co-hosts Poland in a drawn opening match as both teams finished with 10 men...
 
BLBG:Pound Strengthens As BOE Keeps Stimulus On Hold
  09 Jun 12:38
 
The pound has its first weekly advance against the dollar in more than a month and U...
 
MC:Nikon India to increase prices if rupee continues to fall
  09 Jun 12:37
 
The rupee fall has been affecting markets in India...
 
SG:Oil prices rise with Europe debt crisis hopes
  09 Jun 12:36
 
AFP reported that oil prices headed higher joining stock markets in welcoming the European Central Bank's signals of support to ailing eurozone banks...
 
BLBG:Treasury Yields Climb Most In 3 Months On Europe Outlook
  09 Jun 11:49
 
Treasury yields had the biggest weekly increase in almost three months as bets European leaders may make progress stemming their debt crisis damped haven demand and the U...
 
BLBG:Euro Snaps Six-Week Drop As Spain May Receive Support
  09 Jun 11:48
 
The euro rose for the first time in seven weeks versus the yen on speculation Spain may receive aid to ensure access to capital markets and amid indications the shared currency’s decline was too rapid...
 
BLBG:Canada Dollar Gains First Time In Six Weeks On Jobs, Rate Wagers
  09 Jun 11:46
 
Canada’s dollar rose for the first time in six weeks against its U...
 
BLBG:Copper Trade Most Bullish Since March After China Cuts
  09 Jun 11:46
 
Copper traders are the most bullish in three months as China, the biggest buyer, reduced interest rates to bolster growth, increasing expectations that prices will rebound from the longest slump in two years...
 
BLBG:Asian Currencies Gain This Week As Global Easing Boosts Optimism
  09 Jun 11:46
 
Asian currencies gained this week for the first time since April on optimism stimulus measures in the world’s largest economies will support regional exports...
 
BLBG:IMF Softens Yuan Stance Even After Gains Against Dollar Halt
  09 Jun 11:46
 
The International Monetary Fund softened its stance on the yuan by describing the Chinese currency as only “moderately” rather than “substantially” undervalued...
 
BLBG:Canadian Dollar In Weekly Gain Versus U.S. Peer As Stocks Rise
  09 Jun 11:45
 
Canada’s dollar posted the biggest weekly gain of the year versus its U...
 
BLBG:Euro Slides As Spain Heads Toward Bloc’s Fourth Aid Bid
  09 Jun 11:45
 
The euro weakened for a second day against the dollar as Spain was poised to become the fourth of the 17 euro countries to require emergency assistance...
 
BLBG:U.S. Stocks Rise, Euro Falls Before Europe’s Spain Talks
  09 Jun 11:44
 
U...
 
BLBG:Oil Pares Losses On Spanish Bailout Speculation
  09 Jun 11:44
 
Oil pared losses and struggled to the first weekly gain in six weeks on the possibility that discussions by European finance officials this weekend would yield a bailout for Spain...
 
MW:Dollar rises on Bernanke; Spain hopes limit gains
  09 Jun 11:43
 
By Laura Mandaro and Sarah Pringle, MarketWatch
SAN FRANCISCO (MarketWatch) — The U...
 
TP: TSX declines, oil and metals slide at midday
  08 Jun 22:24
 
TORONTO — The Toronto stock market was lower Friday morning with investors opting for safety ahead of weekend developments that could set the tone for trading next week...
 
MW: Treasurys rise on trade-deficit data, Spain
  08 Jun 22:23
 
By Wallace Witkowski and Greg Morcroft, MarketWatch
SAN FRANCISCO (MarketWatch) — Treasury prices rose Friday after data showed the U...
 
DY: Euro Slides As Japanese Yen And US Dollar Make Comeback Post-Bernanke
  08 Jun 22:15
 
Fundamental Headlines

- Obama Seeking Ally on Europe Finds Merkel a Tough Sell – Bloomberg

- Rajoy Holds Bank Talks with EU as Fitch Downgrades Spain – Bloomberg

- Spain to Request EU Bank Aid on Saturday – Reuters

- Europe’s Vulnerable East Braces for Possible Greek Exit – WSJ

- No Hint from the Fed of Taking New Steps – WSJ

Asian/European Session Summary

Yesterday I wrote, “When was the last time a Fed Chairman announced the plans for a major stimulus package at a Congressional testimony?” This indeed was the case, with Federal Reserve Chairman Ben Bernanke shifting away from the ultra-dovish tone that was expected by market participants and instead he continued to march to the beat of his own drum...
 
IBT: Gold, Guns and Gas: Three Ways To Keep Your Money Safe
  08 Jun 22:14
 
The world's economies have fallen to their weakest level since the Great Recession ended in 2009...
 
MW: Gold loses shine; traders weigh Fed, Obama remarks
  08 Jun 22:13
 
Bigger percentage losses for copper, palladium and platinum


By Myra P...
 
MD: Oil price falls on weak global economy, no stimulus from the Fed
  08 Jun 22:12
 
NEW YORK, N...
 
FRX: Forex - EUR/USD falls on talk that Spain will seek bailout
  08 Jun 22:11
 
Forexpros - The euro fell against the dollar on Friday on growing talk Spain will seek financial assistance in the coming days...
 
TP: Fed to act if European crisis deepens
  08 Jun 21:32
 
US Federal Reserve Chairman Ben Bernanke said on Thursday the US central bank was ready to shield the economy if financial troubles mount, but offered few hints that further monetary stimulus was imminent...
 
CM: USD/JPY erases daily losses
  08 Jun 21:30
 
FXstreet...
 
TP: Shares, oil, euro fall
  08 Jun 21:28
 
European shares, the euro and oil retreated on Friday as markets faced the reality of the euro zone crisis and a likely EU bailout for Spanish banks, curtailing a rally based on now dwindling hopes of global monetary easing...
 
BLBG: Canada Jobs And Housing Data Signal Economic Weakness
  08 Jun 21:26
 
Weaker Canadian job creation and slower housing starts, along with falling exports, add to evidence growth in the world’s 10th-largest economy is slowing...
 
CD: TSX declines, oil and metals slide ahead of key Chinese economic data
  08 Jun 21:25
 
TORONTO - The Toronto stock market was lower Friday morning with investors opting for safety ahead of weekend developments that could set the tone for trading next week...
 
SF: U.S. Stock Futures Drop on Europe Concern as Commodities Tumble
  08 Jun 21:15
 
June 8 (Bloomberg) -- U...
 
NS: Grains futures mostly fell, livestock prices mixed
  08 Jun 21:07
 
CHICAGO (AP) — Grains futures mostly fell in early trading Friday on the Chicago Board of Trade...
 
MY: World stocks, euro lower on Spain, economy worries
  08 Jun 21:05
 
By Wanfeng Zhou
NEW YORK (Reuters) - Global stocks, the euro and oil prices fell on Friday after hopes for more stimulus from central banks faded, with Spain expected to become the fourth and biggest country to seek assistance since the euro zone's debt crisis began...
 
RTTN: TSX Extends Losses On Global Growth Worries - Canadian Commentary
  08 Jun 21:04
 
(RTTNews) - Toronto stocks were extending losses for a second session Friday morning after the U...
 
TP: Copper falls to 6-month low
  08 Jun 21:03
 
Copper fell to its lowest since December on Friday as investors' interpretation of China's surprise rate cut shifted from its prospects for boosting demand to fears it could indicate a sharp slowdown in the world's biggest metals consumer...
 
RTTN: NZ Dollar Advances Against Majors
  08 Jun 21:03
 
(RTTNews) - The New Zealand dollar rose against its major counterparts in the New York session on Friday...
 
IOL: Shares, oil, euro fall
  08 Jun 21:03
 
European shares, the euro and oil retreated on Friday as markets faced the reality of the euro zone crisis and a likely EU bailout for Spanish banks, curtailing a rally based on now dwindling hopes of global monetary easing...
 
MW: Total jobless claims fall as household debt slides
  08 Jun 21:01
 
Jobless claims trend down

The total number of people receiving unemployment-insurance benefits through state and federal programs recently fell below 6 million for the first time since late 2008, the U...
 
IBT: NYMEX fines Morgan Stanley $50,000 for oil trade
  08 Jun 21:01
 
Morgan Stanley will pay a $50,000 fine to the New York Mercantile Exchange, which alleged that the bank overstated open interest in oil futures markets last November, NYMEX parent company CME said in a statement on Friday...
 
PS: Oil price tumbles on weak economy
  08 Jun 20:59
 
The price of oil fell below $83 on the prospect of weak economic growth with no immediate assistance from the U...
 
MW: Gold pares loss U.S. stocks turn higher
  08 Jun 19:40
 
By Myra P...
 
MW: April wholesale inventories climb 0.6%
  08 Jun 19:39
 
By Steve Goldstein
WASHINGTON (MarketWatch) -- U...
 
DM: Oil Heads for Longest Weekly Losing Streak in 13 Years
  08 Jun 19:14
 
Oil fell a second day in New York, heading for the longest weekly losing streak in more than 13 years, on speculation the economies of the U...
 
RS: Gold Falls after ‘Bernanke Curve Ball’ on ‘Credible Fiscal Plan’
  08 Jun 19:12
 
Wholesale market prices for gold bullion hit a low of $1,561 an ounce during Friday's Asian session – 4...
 
RTRS: Indian gold reverses losses as rupee helps
  08 Jun 19:08
 
(Reuters) - Indian gold reversed early losses to trade a tad higher on Friday evening on a weaker rupee, though sluggish overseas markets kept the upside limited...
 
KH: Gold extends losses after Fed disappoints
  08 Jun 19:06
 
LONDON - Gold fell on Friday, extending losses from the previous day when the U...
 
RTRS: US gas futures little changed after big drop Thurs.
  08 Jun 19:03
 
* Front month slid 6 pct Thursday after bearish EIAs
* Warm weather on tap for consuming regions
* Recent production, drilling rig data supportive
* Coming Up: Baker Hughes gas drilling rig data Friday

By Eileen Houlihan
NEW YORK, June 8 (Reuters) - U...
 
GD: Volatile Gold Prices Follow Key Interest Rate Developments
  08 Jun 19:01
 
Gold prices fell about 2 percent during the week, initially following an interest rate decision in China, and more recently due to a United States monetary policy signal...
 
RTRS: METALS-Copper falls to 6-month low on China slowdown fear
  08 Jun 19:00
 
* Copper hits lowest since Dec...
 
SF: Oil Heads for Longest Run of Weekly Losses in More Than 13 Years
  08 Jun 18:58
 
June 8 (Bloomberg) -- Oil fell a second day in New York, heading for the longest run of weekly losses in more than 13 years, on speculation the economies of the U...
 
FY: Gold and Silver Prices Extend Losses
  08 Jun 18:56
 
Gold and silver prices have extended their losses in trading today, with gold falling to a one-week low...
 
MW: Obama to make a statement on economy
  08 Jun 18:55
 
By Greg Robb
WASHINGTON (MarketWatch) - President Barack Obama will make a statement on the economy Friday morning, the White House announced...
 
CH: China to cut fuel prices from Sat
  08 Jun 18:54
 
China will lower the per-tonne retail prices of gasoline and diesel by 530 yuan (84 U...
 
MW: Trade gap shrinks in April
  08 Jun 18:53
 
By Greg Robb, MarketWatch
WASHINGTON (MarketWatch) — The U...
 
ND: TSX Looks For Lower Open As Fed Disappoints
  08 Jun 18:52
 
(RTTNews...
 
GN: Oil Boom Is Vote Curse For Mills As Cedi Slumps
  08 Jun 18:51
 
Ghana's currency has become a victim of the economy’s success following an oil boom, depreciating the most against the dollar this year in Africa after Malawi’s kwacha and eroding support for President John Atta Mills as he seeks re-election...
 
CT: Grain markets tumble in overnight trade
  08 Jun 18:50
 
Corn futures are trading 6 cents lower...
 
MW: U.S. trade gap, Spain aid in the spotlight
  08 Jun 18:41
 
FRIDAY MORNING’S TOP STORIES


By MarketWatch
Premarket news

The U...
 
MY: Gold reverses losses as rupee helps
  08 Jun 18:38
 
Indian gold reversed early losses to trade a tad higher on Friday evening on a weaker rupee, though sluggish overseas markets kept the upside limited...
 
BLBG: U.S. Stock Futures Fall On Europe Concern, Commodities
  08 Jun 18:37
 
U...
 
ST: Crude Oil Testing Lows
  08 Jun 18:36
 
WTI futures are moving lower again on Friday, dropping back below 83 per barrel to test lows at 81...
 
CNBC: Euro slides as Spain debt worries mount
  08 Jun 18:35
 
NEW YORK (Reuters) - The euro slid on Friday after a three-notch downgrade to Spain's credit rating and signs of economic weakness in Italy and Germany, leaving it vulnerable as concerns increase that the euro zone debt crisis is getting worse...
 
MW: Treasurys rise ahead of U.S. data
  08 Jun 18:34
 
By Greg Morcroft, MarketWatch
NEW YORK (MarketWatch) — U...
 
WIN: Canadian dollar down amid better than expected job creation, falling commodities
  08 Jun 18:34
 
TORONTO - The Canadian dollar found no lift from a better than expected reading on employment as traders avoided riskier assets going into the weekend...
 
MW: U.S. trade gap narrows in April
  08 Jun 18:33
 
By Greg Robb
WASHINGTON (MarketWatch) -- The U...
 
CNBC: Gold extends losses after Fed disappoints
  08 Jun 18:32
 
LONDON (Reuters) - Gold fell on Friday, extending losses from the previous day when the U...
 
MW:FedEx Freight increasing shipping fees by 6.9%
  08 Jun 18:07
 
By Steve Gelsi
NEW YORK (MarketWatch) -- FedEx Corp...
 
BLBG:Trade Deficit In The U.S. Narrows As Imports And Exports Fall
  08 Jun 18:06
 
The trade deficit in the U...
 
WSJ:Crude Prices Lower On Disappointing Fed
  08 Jun 18:03
 
Crude-oil futures plunged in Asia Friday despite encouraging economic news from China and Japan, as the U...
 
MW:U.S. trade gap narrows in April
  08 Jun 18:02
 
By Greg Robb
WASHINGTON (MarketWatch) -- The U...
 
RTRS:PRECIOUS-Gold extends losses after Fed disappoints
  08 Jun 17:21
 
* Gold medium-term outlook positive-analysts

* Euro sinks as Spain's debt worries mount

* Coming Up: U...
 
RTTN:Crude Dips Near $82
  08 Jun 17:21
 
(RTTNews) - The price of crude oil was moving lower Friday morning as the U...
 
RTRS:NORWAY GAS-UK profits from German gas maintenance
  08 Jun 17:20
 
* Flows to Germany down due to maintenance at Emden
* More supplies to Britain via Langeled

* Norway's Snoehvit LNG plant ends maintenance
By Nerijus Adomaitis

OSLO, June 8 (Reuters) - Norwegian gas exports slumped to a week-low on Friday morning as planned maintenance at Germany's Emden terminal restricted exports to Europe, with more gas diverted to Britain...
 
WSJ:Key US Dollar, Sterling Libor Unchanged; Euro Rate Falls
  08 Jun 17:20
 
The cost of borrowing dollars and sterling for three months in the London interbank market was unchanged Friday, while the euro rate declined...
 
RTRS:Rupee likely to gain 3 pct by November: Reuters poll
  08 Jun 17:19
 
(Reuters) - The safe-haven appeal of Asian markets will ensure currencies in the region end 2012 stronger than they are now, despite the sizeable risks from Europe's debt crisis and weaker global demand, a Reuters poll showed...
 
RTRS:Sterling stumbles vs buoyant dollar, outperforms euro
  08 Jun 17:19
 
* Cable drops against dollar after two days of gains
* Off a one-week high of $1...
 
WSJ:RBI Adviser: Use Forex Reserves to Support Rupee
  08 Jun 17:18
 
By KHUSHITA VASANT

MUMBAI – The Reserve Bank of India should use its more than $288 billion of foreign exchange reserves to intervene in the currency market and arrest the rupee's slide, a senior adviser to the central bank said Friday...
 
ET:Gold extends losses after Fed disappoints
  08 Jun 17:18
 
LONDON/SINGAPORE: Gold fell to a one-week low on Friday, extending losses from the previous day when the U...
 
WSJ:Euro Dips on Spain Concern
  08 Jun 17:18
 
By EVA SZALAY

LONDON—The euro drifted lower in European trading hours Friday, despite reports that Spain could be set to request international aid for its struggling banks as soon as this weekend...
 
RTRS:Oil tracks euro, stocks lower on economic worries
  08 Jun 17:17
 
* European shares weaker despite China rate cut, Bernanke weighs
* Bernanke says Fed to act if Europe crisis deepens

* Coming Up: U...
 
RTRS:EURO GOVT-Bunds extend gains to more than a full point
  08 Jun 17:16
 
(Reuters) - German Bund futures rose by more than a full point to hit a new session high on Friday as investors sought out low risk assets after a Spanish rating downgrade and grew wary about the risk of policy announcements over the weekend...
 
MW:Dollar rises on no solid stimulus hint from Fed
  08 Jun 16:25
 
By Barbara Kollmeyer, MarketWatch
MADRID (MarketWatch) — The U...
 
MW:Global leading indicator in contraction: Goldman
  08 Jun 16:21
 
By Chris Oliver
HONG KONG (MarketWatch) -- Goldman Sachs said Friday its latest global leading indicator is flashing contraction...
 
RTRS:Palm oil may fall 17.5 pct in Q4 on weak Brent
  08 Jun 16:21
 
* CPO seen at 2,800 ringgits on $95/barrel crude in Q4
* Palm oil prices seen lower in Q3 from current levels (Adds details, background)

By Rajendra Jadhav

MUMBAI, June 8 (Reuters) - Malaysian crude palm oil prices may fall around 17...
 
OI:Rupee down 21 paise Vs dollar in early trade
  08 Jun 16:21
 
Mumbai, Jun 8: The rupee on Friday lost 21 paise to 55...
 
RTRS:Sterling stumbles vs buoyant dollar, outperforms euro
  08 Jun 16:21
 
* Cable drops against dollar after two days of gains
* Off a one-week high of $1...
 
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