Oil Advances as U.S. Crude Inventories Unexpectedly Decrease

---

Oil advanced as U.S. government data showed crude stockpiles unexpectedly fell in the world biggest oil consumer.

Futures climbed as much as 1.6 percent in New York, paring losses after a 1.8 percent drop on Wednesday. Inventories fell by 5.45 million barrels to 450.8 million, according to an Energy Information Administration report, compared with an increase of 1.45 million forecast in a Bloomberg survey. The nation’s output slipped for a third week, the EIA said.

Oil has fluctuated below $40 a barrel this week amid volatility in global financial and commodity markets on concern China’s fuel demand will falter. Crude is still down more than 35 percent from this year’s closing peak in June on signs the global glut will be prolonged as leading OPEC members sustain production and U.S. crude stockpiles remain about 90 million barrels above the five-year seasonal average.

West Texas Intermediate for October delivery rose as much as 61 cents to $39.21 a barrel on the New York Mercantile Exchange and was at $39.03 at 8:43 a.m. Sydney time. The contract slid 71 cents to $38.60 on Wednesday. The volume of all futures traded was about 47 percent below the 100-day average. Prices have decreased 27 percent this year.

Brent for October settlement lost 7 cents, or 0.2 percent, to $43.14 a barrel on the London-based ICE Futures Europe exchange on Wednesday. The European benchmark crude ended the session at a premium of $4.54 to WTI.

Source : Bloomberg

Dollar Gains by Most in Five Months Against Euro as Stocks Surge

---

The dollar rose by the most in five months against the euro as U.S. stocks surged after better-than-expected data on capital goods orders bolstered the outlook for economic growth.

The greenback advanced against most of its major peers as U.S. stocks staged their biggest rally since 2011 after markets from Asia to Europe fell amid the worst global equity rout in almost four years. The dollar pared gains, and later resumed its climb, after Federal Reserve Bank of New York President William Dudley said the case for raising U.S. interest rates in September is less compelling amid recent market turmoil.

The dollar advanced 1.8 percent to $1.1314 per euro at 5 p.m. in New York, the biggest increase since March 19. It gained 0.9 percent to 119.92 yen, the most since July 10. The Bloomberg Dollar Spot Index rose 0.7 percent to 1,202.94.

Source: Bloomberg

Japanese Stocks Jump After U.S. Stages Biggest Rally Since 2011

---

Japanese stocks jumped for a second day, heading for the biggest two-day rally since November, as a U.S. equity rebound bolstered investor appetite for risk assets.

The Topix index climbed 1.7 percent to 1,504.47 as of 9 a.m. in Tokyo, building on Wednesday’s 3.2 percent gain, as all of its 33 industry groups advanced. The Nikkei 225 Stock Average added 1.5 percent to 18,658.53. The yen weakened for a third day, trading at 120 per dollar. Shares in the U.S. staged the biggest rally since 2011, halting a six-day rout, as dovish words from the Federal Reserve helped soothe investor concern about an economic slowdown and stock-market turmoil in China.

Japanese investors will be watching Chinese equities, and continued declines in Shanghai would weigh on sentiment, Akino said. The Shanghai Composite Index fell for a fifth day Wednesday as lower interest rates failed to halt a $5 trillion rout. Futures on the FTSE China A50 Index gained 1.7 percent in most recent trading.

Concern about the outlook for the world’s second-largest economy has roiled global markets since China unexpectedly devalued its currency more than two weeks ago. The turmoil has weakened the case for raising U.S. rates in September, Fed Bank of New York President William C. Dudley said, cautioning that it’s important not to overreact to short-term developments.

Source : Bloomberg

S & P 500 Menguat Tajam Sejak 2011, Menghentikan Gejolak Selama 6-Hari Terakhir

---

Saham AS mencatat reli tertajamnya sejak 2011, menghentikan penurunan selama enam hari, karena investor menemukan beberapa bantuan pasca penurunan terburuk ekuitas global di hampir empat tahun. Treasuries jatuh dan dolar naik.

S & P 500 meningkat sebesar 3,9% pada 04:00 sore di New York, yang merupakan kenaikan tertajam sejak November 2011. reli pada menit pertama perdagangan tergerus lebih dari setengah sepanjang sesi pagi, sebelum rebound pada sore hari. Investor kemarin melihat reli memudar 2,9% di jam terakhir perdagangan, mengirim Indeks tersebut melemah 1,4%.

Data ekonomi, menghentikan penurunan yang menghapus $ 2.2 trilyun dari nilai saham.

Kekhawatiran bahwa para otoritas China mungkin gagal untuk mencegah gejolak di ekonomi terbesar kedua dunia tersebut yang telah mengguncang pasar global. Sekitar $ 8 triliun telah dihapus dari nilai ekuitas global sejak kejutan devaluasi yuan China pada 11 Agustus lalu yang dikarenakan investor mengkaji prospek perlambatan pertumbuhan dan kenaikan suku bunga pertama di Amerika Serikat pada hampir satu dekade terakhir.

Sumber: Bloomberg

Indeks Saham AS Menguat Pasca Aksi Jual Selama 6 hari

---

Saham AS menguat, di tengah penurunan beruntun tertajamnya dalam empat tahun terakhir, karena investor mencoba untuk kembali pasca memudarnya reli awal kemarin.

Perusahaan teknologi memimpin kenaikan, terkait aksi di hari Selasa, dengan Apple Inc, Google Inc dan Qualcomm Inc naik setidaknya 2%. Saham perbankan juga berada pada jalur yang sama dengan kemarin dengan JPMorgan Chase & Co dan Citigroup Inc meningkat lebih dari 1,4%. Cameron International Corp melonjak 41% setelah pihaknya menyetujui untuk membeli unit saham dari Schlumberger Ltd senilai $ 14.8 milyar.

Indeks Standard & Poor 500 naik 1,2% menjadi 1,889.06 pada 12:12 siang di New York, memangkas kenaikan sebelumnya sebanyak 2,5%. Dow Jones Industrial Average menambahkan 188,47 poin, atau 1,2%, ke level 15,854.91 setelah sebelumnya naik lebih dari 430 poin. Indeks Nasdaq Composite juga mencatat kenaikan sebesar 1,2%.(yds)

Sumber: Bloomberg