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  • LONDON, July 24- Oil prices hovered near four-month lows on Friday after data showed a contraction in China's factory sector and the dollar rose against a basket of currencies. "Concerns around the demand environment were heightened further today by the PMI read out of China," said Michael McCarthy, chief market strategist at CMC Markets in Sydney.

  • LONDON, July 24- Copper slumped to the lowest levels in six years on Friday after weak factory data from top metals consumer China highlighted lackluster demand that could send prices even lower. China's factory sector contracted by the most in 15 months in July as shrinking orders depressed output to its lowest level since March 2014, the preliminary Caixin/...

  • LONDON, July 24- Brent crude oil prices neared four-month lows on Friday after data showed a contraction in China's factory sector and the dollar rose against a basket of currencies. "Concerns around the demand environment were heightened further today by the PMI read out of China," said Michael McCarthy, chief market strategist at CMC Markets in Sydney.

  • *PMI points to euro zone Q3 GDP growth of 0.4 pct- Markit. LONDON/ SYDNEY, July 24- The global economy started the second half of the year on shaky ground as business activity in the euro zone was weaker than expected and China's vast factory sector appeared to be contracting at the fastest pace in 15 months in July. Markit's purchasing managers' indexes are one of the...

  • SINGAPORE, July 24- Oil prices edged up on Friday after closing at their lowest in months in the previous session as oversupply and disappointing Chinese factory activity dragged on the market. "Concerns around the demand environment were heightened further today by the PMI read out of China," said Michael McCarthy, chief market strategist at CMC Markets in...

  • *Soybeans under pressure from fund selling, weak demand. Soybeans slid for a second session, while wheat struggled near one-month lows on lack of demand for expensive U.S. grains. "Everybody was trying to speculate that there might be issues around the corn crop but things are improving," said Ole Houe, analyst at Sydney- based brokerage IKON Commodities.

  • DIARY-Top Economic Events to Aug 6 Thursday, 23 Jul 2015 | 8:00 PM ET

    KUMAMOTO, Japan- Bank of Japan Deputy Governor Hiroshi Nakaso speaks in Kumamoto- 0130 GMT. SYDNEY- Reserve Bank of Australia Governor Glenn Stevens speaks at the Boao Forum for Asia Financial Cooperation Conference, hosted by the New South Wales government- 0030 GMT. KYOTO- Bank of Japan board member Koji Ishida speaks to business leaders in Kyoto- 0130 GMT.

  • LONDON, July 23- Copper slid to a two-week low on Thursday on persistent concern about a growing global surplus and weakness in China. Three-month copper on the London Metal Exchange dropped 1.5 percent to $5,280 a tonne by 1458 GMT, its weakest since July 8. Copper and other metals are likely to experience further losses in the short term after key support levels...

  • UPDATE 5-Oil edges higher as dollar drops Thursday, 23 Jul 2015 | 10:14 AM ET

    LONDON, July 23- Oil prices edged higher on Thursday, aided by a drop in the dollar, although rising supplies of crude oil in the United States kept the futures market in a tight range. Crude oil stocks in the United States rose by 2.5 million barrels last week to above the five-year seasonal average, according to data from the Energy Information Administration,...

  • LONDON, July 23- Copper fell to a two-week low on Thursday on persistent concern about a growing global surplus and weakness in China, but losses were held in check by a weaker dollar. Three-month copper on the London Metal Exchange slid to $5,311 a tonne, its weakest since July 8, but later pared losses. Copper and other metals are likely to experience further losses...

  • *OPEC members say price drop will be short-term. Crude oil stocks in the United States rose by 2.5 million barrels last week to above the five-year seasonal average, according to data from the Energy Information Administration, trumping expectations for a drop of 2.3 millions. September crude futures were 3 cents lower at $49.16 by 1020 GMT, having fallen by...

  • UPDATE 3-Oil steady; US crude below $50 as stocks rise Thursday, 23 Jul 2015 | 4:45 AM ET

    *OPEC members say price drop short term. Crude oil stocks in the United States rose 2.5 million barrels last week to above the five-year seasonal average, according to data from the Energy Information Administration, trumping expectations for a 2.3 million-barrel drop. September crude futures were 18 cents higher by 0827 GMT on Thursday at $49.37, after having...

  • SYDNEY, July 23- Australia appears set for at least another year of sub par economic growth as a downdraught in global commodity prices chills both business spending and export earnings. The latest Reuters poll of analysts expects Australia's A $1.6 trillion economy to grow 2.5 percent in 2015, little changed on last year and down from April's forecast of 2.6...

  • *China stocks extend gains as market normalizes. South Korea's economy recorded its weakest expansion in six years in the second quarter, battered by a deadly virus outbreak and poor exports, while Japan reported strengthening export growth in June but concern remained over how shipments to China might be affected by its slowing economy.

  • South Korea's economy recorded its weakest expansion in six years in the second quarter, battered by a deadly virus outbreak and poor exports, while Japan reported strengthening export growth in June but concern remained about how shipments to China might be affected by its slowing economy. The MSCI's broadest index of Asia-Pacific shares outside Japan...

  • *OPEC members say price drop short term. "Demand is reasonably buoyant in the United States, but there's just so much supply," said Ben Le Brun, market analyst at OptionsXpress in Sydney. U.S. crude for September delivery was 11 cents higher at $49.30 by 0300 GMT, after dropping $1.67 on Wednesday to settle below $50 for the first time since April.

  • WELLINGTON, July 23- New Zealand's central bank cut its policy rate by a quarter percentage point on Thursday in response to a slowing economy, and looks set to return rates to levels during the depths of the global financial crisis. The New Zealand dollar rallied on the decision as some had expected a more aggressive 50- basis-point reduction, highlighting how a...

  • TOKYO, July 23- Asian shares slipped early on Thursday after disappointing earnings from tech giants weighed on Wall Street, while the dollar rebounded on the back of upbeat U.S. economic data. MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.2 percent. Microsoft also slumped after reporting its biggest-ever quarterly loss.

  • DIARY-Top Economic Events to Aug 5 Wednesday, 22 Jul 2015 | 8:00 PM ET

    FRANKFURT- ECB Governing Council member Jens Weidmann to speak on financial market integration from a central bank perspective- 1445 GMT. KUMAMOTO, Japan- Bank of Japan Deputy Governor Hiroshi Nakaso speaks in Kumamoto- 0130 GMT. SYDNEY- Reserve Bank of Australia Governor Glenn Stevens speaks at the Boao Forum for Asia Financial Cooperation Conference, hosted...

  • CHICAGO, July 22- U.S. pork held in freezers marked a record high in the month of June, bolstered by increased hog production following industry efforts to control the deadly pig virus, experts said after the government's monthly cold storage report on Wednesday. And, usually big production creates big stocks, "said independent industry analyst Bob Brown in...