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  • *Soybeans firm on dry U.S. weather outlook. *Corn clings to modest gains in choppy trade. Soybeans rose on worries about dry weather in parts of the Midwest and spillover support from a strong rally in crude oil.

  • *Europe bourses in 2015: http://link.reuters.com/pap87v. LONDON, Aug 28- European stocks closed out a rollercoaster week with modest gains on Friday, although a leading regional equity index was still on track for its worst month in four years due to underlying concerns over China. Fears of a global economic slowdown, which intensified after China devalued its...

  • Aug 28- The oil market's 10 percent surge on Thursday offered a visceral reminder that many of its most active participants could not care less about global oil inventories, Saudi Arabia's stressed finances or the American shale revolution. For dozens of commodity trading advisors from Rotterdam to Chicago, so-called "systematic" funds that typically use...

  • NEW YORK, Aug 28- The dollar rose to one-week highs on Friday, for a fourth straight session of gains, on rate-hike remarks by a senior Fed official and generally positive U.S. data that supported the notion the world's largest economy was on a stable growth path. The index extended gains after Federal Reserve Vice Chair Stanley Fischer said the U.S. central bank...

  • *Gasoline rally, Yemen tensions and storm watch fuel gains. NEW YORK, Aug 28- U.S. crude jumped 6 percent on Friday as a rally in gasoline prices and air raids in Yemen prompted traders to scramble for a second day to cover short positions, while market players also kept an eye on a storm that appeared to be approaching the oil-rich U.S. U.S. crude's front-month was up...

  • But a counter flow- call it "quantitative tightening"- is gathering force as China sells foreign exchange reserves to protect its economy and markets from the recent surge of capital out of the country. Analysts at Citi estimate that global FX reserves have been depleted at an average pace of $59 billion a month in the past year or so, and closer to $100 billion over...

  • NEW YORK, Aug 28- The short-covering frenzy in global oil markets extended for a second straight day on Friday, pushing U.S. crude up as much as 5 percent in morning trade, getting extra support from a rally in gasoline futures, before both began consolidating. "A severely oversold and shorted oil market is creating a bid for covering in U.S. crude," said Chris Jarvis,...

  • BICESTER, England— The designer outlet mall of Bicester Village is set in the English countryside near Oxford, but it might as well be in China. In the Burberry store, many try on the brand's signature trench coats, which go for at least 600 pounds after discounts. He came from Shanghai to Europe with a group of about 30 colleagues to shop and do some sight-seeing.

  • *Dollar index on track for largest weekly gain in a month. NEW YORK, Aug 28- The dollar gained for a fourth straight session on Friday, buoyed by calmer financial markets and generally positive U.S. data that supported the notion that the world's largest economy was on a stable growth path. "Overall, markets are finally starting to calm down and the economic data is...

  • LONDON, Aug 28-- Copper prices extended a rally on Friday after the stock market in China recovered for a second day, but gains were capped due to continued worries about oversupply. "We are confident that not all short sales of metals in China have been already covered," said Commerzbank in a note. Copper shot up 4.2 percent on Thursday, lifted by a bounce in global stock...

  • *Europe bourses in 2015: http://link.reuters.com/pap87v. LONDON, Aug 28- European shares eased back on Friday, having already recouped nearly all their losses from a bruising eight percent drop earlier this week, with markets cooling off despite hopes of more help from central banks. Fears of a slowdown in global economic growth, which intensified after China...

  • LONDON, Aug 28- Raghad al Sous braved bombings in Syria to keep studying at school before fleeing in 2013 to rejoin her mother, who had been granted refugee status in Britain. Across Europe, employers have largely welcomed a stream of young and often well-educated foreign workers who are helping to offset the ageing of the population. The situation is less clear...

  • LONDON, Aug 28- A London- based day-trader accused by the United States of market manipulation that contributed to the Wall Street "flash crash" in 2010, failed to persuade a court on Friday to postpone his extradition hearing. Navinder Sarao, who lives with his parents in a small house near London's Heathrow Airport, was arrested by British police on a U.S....

  • LONDON, Aug 28-- Copper prices dipped on Friday after a sharp rebound the day before as worries about oversupply resurfaced, but losses were modest after the stock market in top metals consumer China recovered for a second day. Copper shot up 4.2 percent on the London Metal Exchange on Thursday, lifted by a bounce in global stock markets, buoyant U.S. economic data...

  • *Bull market "ageing" but very much alive- Citi. China's central bank injected 60 billion yuan into money markets on Friday, the second such move this week, while inflation data out of Germany later on Friday is likely to set the tone for the European Central Bank's meeting next Thursday as deflationary pressures rise around the world. Although global equities are...

  • U.S. stocks ended the day little changed Friday, letting investors breathe a little easier after a week where both the highs and lows were extreme. The market gave investors a hard jolt the first two days of trading this week on concerns about the health of China's economy. "People are taking a little bit of a pause," said Paul Springmeyer, senior portfolio manager at...

  • NEW YORK, Aug 28- The nearly two-month-long slide in oil prices to 6-1/ 2 year-lows has been a boon to many so-called systematic funds, which trade based on technical signals or computer algorithms rather than fundamentals. While most market commentary has focused on the persistent glut in the global market caused by unrelenting OPEC output and surprisingly...

  • Trend-driven funds profit on oil's slippery path Friday, 28 Aug 2015 | 12:00 AM ET

    Aug 28- The oil market's 10 percent surge on Thursday offered a visceral reminder that many of its most active participants could not care less about global oil inventories, Saudi Arabia's stressed finances or the American shale revolution. For dozens of commodity trading advisors from Rotterdam to Chicago, so-called "systematic" funds that typically use...

  • SYDNEY, Aug 28- Copper edged down in Asian trading on Friday following strong gains overnight, but traders said the metal remained underpinned by a second day of resurgent Asian equities and higher oil prices. Wall Street rose sharply overnight thanks to revised U.S. gross domestic product data showing the economy grew faster than initially thought in the...

  • DIARY- Top Economic Events to Sept 10 Thursday, 27 Aug 2015 | 8:01 PM ET

    EDINBURGH, Scotland- Bank of England's Executive Director of Prudential Policy David Rule at the Credit Scoring and Credit Control XIV Conference, University of Edinburgh. REYKJAVIK- Launch of Economic Survey of Iceland 2015. NEW YORK- Federal Reserve Bank of Boston President Eric Rosengren speaks on the economic outlook before the Forecasters Club of New...