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COMMERZBANK AG

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  • Expectations of more Japan stimulus weighs on yen. LONDON, Dec 19- The yen fell on Friday amid expectations of further stimulus next year to bolster Japanese inflation and also on a revival of global risk sentiment after battered oil prices and Russia's rouble stabilised. BoJ chief Haruhiko Kuroda said Japan was still halfway towards meeting an inflation goal...

  • UPDATE 5-Oil falls below $59 as OPEC, Russia keep pumping Wednesday, 17 Dec 2014 | 7:55 AM ET

    *OPEC, Russia unwilling to cut supply, spurring weakness. LONDON, Dec 17- Brent crude oil fell below $59 a barrel on Wednesday, near 5-1/ 2- year lows, as major oil producers signalled that they would maintain output despite a supply glut and faltering demand in Russia and Europe. "OPEC is trying to choke U.S. oil producers."

  • UPDATE 4-Oil holds below $60 as OPEC, Russia keep pumping Wednesday, 17 Dec 2014 | 6:34 AM ET

    *OPEC, Russia unwilling to cut supply, spurring weakness. LONDON, Dec 17- Brent crude held below $60 a barrel on Wednesday, near 5-1/ 2- year lows, as major oil producers signalled that they would maintain output despite a supply glut and faltering demand in Russia and Europe. "OPEC is trying to choke U.S. oil producers."

  • *U.S. crude slips on API data, after closing up 2 cents near $56. NEW YORK, Dec 16- Brent crude futures fell for a fifth straight day on Tuesday to end below $60 a barrel while U.S. crude finished a volatile session slightly higher as trading of expiring options helped defend the price above $55. While both markets rebounded from session lows, U.S. crude saw frenzied...

  • *Brent closes down, but off lows at above $60. NEW YORK, Dec 16- Brent crude futures fell for a fifth straight day on Tuesday to end below $60 a barrel while U.S. crude finished a volatile session slightly higher as trading of expiring options helped defend the price above $55. While both markets rebounded from session lows, U.S. crude saw frenzied trading that pushed it...

  • NEW YORK, Dec 16- U.S. crude oil futures bounced off 5-1/ 2- year lows on Tuesday, and hovered around $55 a barrel in volatile trading near that price, with U.S. options set to expire later in the day. Global benchmark Brent crude also pared losses after plumbing a July 2009 low below $59, but remained stuck below $60 a barrel as major oil producers said they were in no rush...

  • LONDON, Dec 16- Aluminum prices hit their lowest level in two months on Tuesday, while copper also slid after poor industrial data from China, the world's biggest metals consumer, and a further fall in oil prices. Activity in China's factory sector contracted in December for the first time in seven months, the latest in a string of weak economic indicators.

  • LONDON, Dec 16- Russia's failed defense of the rouble and a plummeting oil price added to a global emerging markets rout on Tuesday that sent bourses lower in Asia, the Middle East and Europe. The MSCI emerging stocks index traded 1.6 percent lower, on track for an eighth day in the red while the Asia excluding Japan benchmark dropped 0.7 percent.

  • LONDON, Dec 16- Aluminum prices hit their lowest level in two months on Tuesday, while copper also slid after poor industrial data from China, the world's biggest metals consumer, and a further fall in oil prices. Broader market sentiment was soured as Brent oil futures sank towards $59 per barrel for the first time since May 2009, while Russia's central bank raised...

  • emerging market selloff@ Dec 16- An aggressive overnight interest rate hike by Russia's central bank prompted a short-lived recovery in the rouble that quickly faded on Tuesday amid a broad emerging market selloff. The MSCI emerging stocks index traded 0.85 percent lower, on track for an eighth day in the red amid a wave of risk aversion after the Russian...

  • *Company bonds fall as much as 4.3 cents in dollar as rouble slumps. LONDON, Dec 15- Dollar bonds of Russian companies suffered a fresh selloff on Monday, as the rouble's fall past the 60- per-dollar level and the threat of more sanctions fanned fears about future debt repayments. Adding to pressure on Russian markets was news that the U.S. Congress had passed a bill...

  • NEW YORK/ LONDON, Dec 12- Gold edged lower on Friday as some buyers cashed in recent gains, but the metal had its biggest weekly rise in two months as the dollar retreated and sliding oil prices hurt risk appetite. Gold was up 2.5 percent this week after Tuesday's big rally. Spot gold was down 0.5 percent at $1,221.66 an ounce by 3:38 p.m. EST, while U.S. gold futures for...

  • "In Russia, it's a one-for-one correlation with the oil price," said Commerzbank Senior Emerging Markets Economist Tatha Ghose. The MSCI emerging stocks index traded 0.2 percent lower, having lost almost 6 percent since the start of the year. And there was little prospect of respite ahead for the weeks to come, according to Commerzbank's Ghose.

  • NEW YORK, Dec 11- Commerzbank AG's expected settlement with authorities over alleged violations of U.S. sanctions and anti-money laundering laws is likely to exceed $1 billion in penalties, according to a person familiar with the probes. Margarita Thiel, a spokeswoman for Commerzbank, Germany's second-largest lender, declined to comment.

  • UPDATE 6-Oil slips towards $64, oversupply weighs Thursday, 11 Dec 2014 | 9:56 AM ET

    *Commerzbank cuts 2015 Brent forecast to $73. Crude prices sank on Wednesday as OPEC forecast an increasing supply surplus in 2015, U.S. crude inventories unexpectedly rose and OPEC's most influential voice, Saudi Arabia's oil minister, shrugged off the need for an output cut. "We may see some technical bounces, but it is too soon to speak of a sustainable price...

  • *Commerzbank cuts 2015 Brent forecast to $73. *OPEC sees lower demand, Saudi questions need for output cut. Crude prices sank on Wednesday as OPEC forecast an increasing supply surplus in 2015, U.S. crude inventories unexpectedly rose and OPEC's most influential voice, Saudi Arabia's oil minister, shrugged off the need for an output cut.

  • *OPEC trims world oil demand forecast to 28.92 mln bpd. *WTI falls almost $2 to $61.97/ bbl, lowest since July 2009. U.S. crude was down $1.69 at $62.13, having fallen $1.85 to $61.97 in early New York trading, its lowest since July 2009.

  • LONDON, Dec 10- British finance minister George Osborne's plans to cut state spending to its lowest since the 1930 s are unrealistic, according to a firm majority of economists polled by Reuters. With less than five months before the next general election, Osborne last week sought to impress voters with new plans to put Britain's budget back in the black before...

  • *OPEC trims world oil demand forecast to 28.92 mln bpd. LONDON, Dec 10- Brent crude oil slipped below $66 a barrel on Wednesday, just above a five-year low, as producers forecast lower demand for their oil next year. Brent futures for January fell to a low of $65.54 a barrel, down $1.30, before recovering slightly to trade around $65.90 by 1215 GMT.

  • LONDON, Dec 10 (Reuters)- Copper slipped on Wednesday from two-week highs hit in the previous session, with hopes for more monetary policy easing in China overshadowed by worries over swelling supplies and weak global growth. Data out earlier showed China's consumer inflation hit a five-year low of 1.4 percent in November, stoking expectations that Beijing...