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Home > Business & Finance > Markets > U. Investors were encouraged by a report showing in May consumer confidence hit its highest in eight months, while the run-up in commodities fueled bets that overseas demand would underpin a recovery in the global economy. While rising oil prices are a boon for energy companies and a harbinger of improved worldwide demand, a jump in energy costs could present a significant headwind for consumers and businesses at a time when investors are looking for a spending recovery to fuel an economic revival. Thomson Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. read more

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The FTSEurofirst 300 index of top European shares rose 0. Oil and gas stocks were among top gainers as the price of crude oil rose to a six-month high of more than $66 a barrel, boosted by economic optimism. Anglo American , Antofagasta , BHP Billiton , Lonmin, Rio Tinto and Xstrata all advanced between 2. The American Chronicle, California Chronicle, Los Angeles Chronicle, World Sentinel, and affiliates are online magazines for national, international, state, and local news. read more

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LONDON, May 29 (Reuters) – Surging oil and commodity prices coupled with a falling dollar are prompting some investors to brace for a return of inflation, which would benefit equities and damage most government bonds. Inflation — which in the short to medium term benefits equities and risky assets because of rising prices — had all but disappeared after the global economy fell into recession and commodity prices sank last year. However, signs of a global economic recovery — which next week’s manufacturing and service sector surveys and other data could reinforce — are leading to a renewed surge in energy and commodities and the outperformance of inflation-protected debt securities over benchmark government bonds. The return of inflationary forces at a time the world is grappling with the threat of deflation, could prompt investors to invest in assets such as stocks because rising prices erode the value of cash. According to fund flow tracker EPFR Global, fresh money found its way into commodity and energy sector funds in the week to May 27, with these funds posting inflows of $303 million and $153 million respectively. Thomson Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters. read more

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As there’s not much industry-specific data for the energy market until tomorrow, oil price has been driven by sentiment and equity markets these few days. While the OPEC will likely keep production quota unchanged despite abundant inventory and weak demand, the US Energy Department will probably report tomorrow that crude inventory has gained 50K barrels for the week ended May 22, driving the total stockpile to 368. According to a survey done by Reuters, the majority of analysts forecast WTI crude oil price would average 52/bbl in 2009, 67/bbl and 79/bbl in 2010 and 2011, respectively. Legal disclaimer and risk disclosure Oil N’ Gold does not guarantee the accuracy of the reports and trading recommendations provided. Any market recommendations of, or information provided by Oil N’ Gold do not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell any foreign exchange transaction. read more

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T ) succumbed to profit-taking amid thin trade, with a number of investors waiting to see how Wall Street will reopen after the U. In addition to the North Korea missile news, selling of futures by CTAs led the market lower,” said Kazuki Miyazawa, a market analyst at Daiwa Securities SMBC. On Tuesday, Yonhap news agency quoted a South Korean official as saying that North Korea is ready to fire another short-range missile either on Tuesday or Wednesday, a day after testing a nuclear device and firing three short-range missiles. Although the Nikkei mostly shrugged off North Korea’s actions on Monday, the warning of missile tests was enough to encourage investors to take profits. Thomson Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters. read more

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To order presentation-ready copies for distribution to your colleagues, clients or customers, use the Order Reprints tool at the bottom of any article or visit www. SEOUL (Dow Jones)–The South Korean won fell for the first time in three sessions, but nearly wiped out its intraday losses after market participants took news of North Korea’s nuclear test in their stride, traders said. Copyright 2009 Dow Jones & Company, Inc. To view or change all of your email settings, visit the Email Setup Center . read more

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NEW YORK (MarketWatch) – Canadian stocks edged higher Friday as retailers continued their upward trend and commodity and materials stayed in positive territory. Intraday data provided by Interactive Data Real Time Services , a division of Interactive Data Corp. Historical and current end-of-day data provided by Interactive Data Pricing and Reference Data . MarketWatch Community is a free service that lets you discover, organize and share MarketWatch stories with other readers. read more

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