UPDATE 1-Technip to buy Global Industries for $937 mln

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PARIS, Sept 12 (Reuters) - French group Technip is to buy U.S. underwater oil services specialist Global Industries for an agreed $937 million, to expand in the fast-growing underwater oil services sector.

Technip said on Monday the deal would add 5-7 percent to earnings in 2013, helped by savings -- cost synergies should be at least $30 million.

The deal is worth $8 per Global Industries share, a 55 percent premium to Friday's close.

Global Industries offers services in shallow and deep water oil services, owns 14 vessels, and is present in the Gulf of Mexico, the Middle East and Asia Pacific.

"The transaction is consistent with Technip's strategy to broaden its business and range of services in the subsea market which Technip expects to show fast growth in the coming years," it said.

"The acquisition of Global Industries will expand the subsea market we can address by roughly 30 percent," Technip chief executive Thierry Pilenko said on a conference call.

Blackstone Advisory Partners and Tudor, Pickering, Holt & Co. Securities, Inc advised Technip on the deal, while law firm Davis Polk & Wardwell LLP acted as legal advisor.

Technip shares closed at 65.24 euros on Friday, down 5.6 percent this year, giving it a market capitalisation of 7.2 billion euros ($9.9 billion). ($1 = 0.729 euro) (Reporting By Leila Abboud; Editing by Dan Lalor)

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GLOBAL MARKETS-Stocks slide, dollar gains on euro zone woes

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* Nikkei down 2.3 percent, MSCI AP ex-Japan down 3 percent

* Euro STOXX 50 index futures down 2.7 percent

* MSCI All-Country World index 19 percent off May high

* Euro hits six-month low at $1.3495, 10-year low at 104.27 yen

* Oil falls more than $1 a barrel, Copper down 1 percent

By Alex Richardson

SINGAPORE, Sept 12 (Reuters) - European index futures tumbled on Monday, following a slide in Asian equities, and the euro slumped to a 10-year low against the yen after the resignation of a top European Central Bank official cast further doubt on the region's ability to tackle its worsening sovereign debt crisis.

Oil and copper prices fell and the dollar gained broadly as worries about the euro zone's woes combined with fears about flagging world growth to ensure no let-up in the gloom that has gripped global markets for much of the past six weeks.

"People are quite nervous about Greece and other countries in the European area, so that is why investors are escaping to the dollar," said Tetsu Emori, a fund manager at Tokyo-based Astmax Co Ltd. "It's risk aversion."

Euro STOXX 50 index futures STXEc1 fell 2.7 percent, and DAX FDXc1 and CAC-40 FCEc1 futures also dropped more than 2 percent, while financial bookmakers called the FTSE 100 to open down 1.4 percent.

German policymaker Juergen Stark's resignation from the ECB's board underscored the internal divisions over its bond-buying programme -- one of the central bank's main weapons in fighting the debt crisis by forcing down yields of country's under pressure from the bond markets.

Japan's Nikkei ended down 2.3 percent to its lowest close since April 2009, while the MSCI's broadest index of Asia Pacific shares outside Japan dropped 3 percent and U.S. index futures traded in Asia ESc1 fell 1.3 percent.

"For the rest of the week, developments in euro zone debt problems and movements in the euro will likely set the direction of the market," said Yutaka Miura, a senior technical analyst at Mizuho Securities in Tokyo.

Wall Street stocks tumbled on Friday, when the Stark news broke, with the S&P 500 index falling 2.7 percent.

Data from fund tracker Lipper, a Thomson Reuters service, showed that a brief flirtation with stocks at the end of August has waned, with less than a net $600 million flowing into U.S. equity funds in the week ended Sept. 7, compared with a net inflow of $6.3 billion in the previous week.

MSCI's All-Country World index is now 19 percent below its 2011 high set in May, not far from the 20 percent decline that is the rule-of-thumb definition of a bear market.

The fund flow picture for emerging Asian equity markets was mixed. Citigroup analysts said in a note that China and Indonesia had seen modest net inflows for the week to Sept. 7. The biggest outflows were from regional funds and the cyclical markets of South Korea and Taiwan.

GREEK DEFAULT

Adding to the euro zone's difficulties, top French banks were bracing for credit rating downgrades on worries about their sovereign debt exposure, and senior German politicians in Chancellor Angela Merkel's centre-right coalition began talking openly about a Greek default.

A growing number of policymakers, as well as market economists, are convinced it is only a matter of time before Greece, which keeps falling behind on its fiscal targets after two EU/IMF bailouts, will have to default.

"The outlook for Greece is almost completely unknown. Support for the country appears to be shaking. The market is starting to think the worst could happen," said Katsunori Kitakura, chief dealer at Chuo Mitsui Trust and Banking.

The euro fell to a six-month low around $1.3495 and later traded about $1.3530, after a sharp slide at the end of last week. Against the yen, the single currency fell as far as 104.27 , its lowest since 2001.

Meanwhile, the dollar index , which tracks the greenback against a basket of major currencies, rose around 0.6 percent to its highest in more than six months.

U.S. crude oil CLc1 fell by $1.59 to $85.64 a barrel and Brent crude LCOc1 eased $1.32 to $111.45. Copper was down 1 percent at $8,733.75 a tonne.

Both commodities are sensitive to expectations for global growth, and hence industrial demand.

Currencies of major commodity producers were, in turn, under pressure, with the Australian dollar falling more than 1 percent to a three-week low around $1.0330.

Gold , which has been striking a succession of records due to its traditional appeal as a safe haven at times of market volatility, fell 0.6 percent to around $1,846 an ounce as a stronger dollar made it more expensive for holders of other currencies.

Gold priced in euros , however, hit a record 1,373.92 an ounce.

Japanese government bonds tracked gains in U.S. Treasuries and German bunds as investors sought the perceived safest government debt, with the benchmark 10-year JGB yield falling below 1 percent. (Additional reporting by Alejandro Barbajosa in Singapore, Ian Chua in Sydney and Hideyuki Sano in Tokyo; Editing by Kavita Chandran)

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GLOBAL MARKETS-Stocks fall as Obama plan fails to spark rally

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* Euro STOXX 50 futures down 1.1 pct, S&P 500 futures off 0.2 pct

* China Aug inflation cools from 3-year high, still elevated

* Obama's job plans clouded by concerns of political wrangling

* MSCI Asia ex-Japan down 0.5 pct, Nikkei down 0.6 pct

* Euro around $1.3895, near 2-month low

By Saikat Chatterjee and Alex Richardson

HONG KONG/SINGAPORE, Sept 9 (Reuters) - European stock index futures fell on Friday, following Asian markets lower, as a $447 billion jobs package from U.S. President Barack Obama failed to entice investors back into equities amid concerns that it could be hamstrung by political wrangling.

The euro languished near a two-month low reached on Thursday after the region's deepening debt crisis forced the European Central Bank to drop its tightening policy bias, a key driver in the single currency's rally this year.

Euro STOXX 50 STXEc1 index futures fell 1.1 percent, with DAX and CAC-40 futures also in the red, and spreadbetters called the FTSE 100 to open down 0.3 percent.

Asian markets were down around half a percent, after see-sawing between gains and losses, while S&P 500 futures ESc1 surrendered early gains and slipped 0.2 percent.

"Obama's plan was in line with expectations, and U.S. stocks are unlikely to rally on it," said Takashi Ushio, head of investment strategy at Marusan Securities Co. in Tokyo. "Uncertainty about the direction of the U.S. economy remains."

Market confidence had been fragile after Western central banks failed to offer any clues on fresh stimulus plans this week, with a looming deadline for bond holders to decide on Greece's swap offer also adding to the nervousness.

Investors are also eyeing a meeting of G7 finance chiefs later on Friday, with the faltering global economic recovery and feastering euro zone debt crisis likely to be the issues of the day.

CHINA INFLATION EASES

There was, however, better news from China, where consumer inflation appears to have peaked, with August numbers coming in slightly below July's three-year high, underscoring expectations that the central bank will hold off on further policy tightening as the global economy slows.

"Consumer inflation has obviously peaked. Inflation is no longer a big problem now," said Dong Xian'an, an economist at Peking First Advisory in Beijing. "On the policy front, tightening steps are at least on hold now.

U.S. Treasuries slipped as markets reacted cautiously to the job creation plan from Obama, who faces a fierce battle to win over Republican opponents in a divided Congress which could revive the spectre of political paralysis in Washington.

Global markets have been dominated in recent weeks by fears of a U.S. relapse into recession and Europe's snowballing debt crisis. Citigroup analyst Jonathan Stubbs said in a note on Friday that "recession appears to be a more likely outcome now in Europe and/or the U.S. than 3-6 months ago".

Worries about the darkening outlook for the developed world prompted Asian central banks including South Korea and Indonesia to hold interest rates steady on Thursday, following similar moves by Australia, Canada, Japan and Sweden this week.

Japan's Nikkei fell 0.6 percent and the MSCI's broadest index of Asia Pacific shares outside Japan fell 0.7 percent, on course for a weekly loss after two weeks in positive territory.

Some regional markets bucked the trend, though, with Australia and Taiwan , both heavily influenced by demand from China, posting gains.

The ex-Japan index is down more than 16 percent from its 2011 high in April, after fears about the U.S. economy and Europe sparked a global market rout last month.

POLICY STIMULUS

The European Central Bank on Thursday discussed downside risks to the euro zone's economy, while U.S. Federal Reserve Chairman Ben Bernanke said in a speech that authorities would do all they can to boost growth and employment.

But both steered clear of announcing any fresh steps, disappointing some investors.

Wall Street's main indexes closed down around 1 percent, with banks the biggest decliners, after Bernanke gave no indications of new stimulus measures to support the flagging economy.

After the Wall Street close, Obama announced the package of tax cuts and government spending that will be critical to his re-election chances.

"At the end of the day, it depends on what the finished product will be," said Omer Esiner, senior market analyst at Commonwealth Foreign Exchange in Washington.

"A lot of this will be chopped up before it is passed. We've seen a lot of political paralysis in Washington."

The euro traded around $1.3895, not far above a two-month low of $1.3873 plumbed on Thursday.

Gold, propelled to a series of records in recent months due to its appeal as both a safe haven and hedge against inflation, was little changed at about $1,870 an ounce, after jumping 3 percent in the previous session.

Oil, which had dipped on Thursday as the dollar rose making it more expensive for holders of other currencies, was also flat, with U.S. crude futures CLc1 trading around $89 a barrel and Brent crude LCOc1 at $114.68.

"The question for the oil market is on demand destruction and how confident the consumer is, both of which are very uncertain," said Jeremy Friesen, commodity strategist at Societe Generale in Hong Kong.

"If European and U.S. policymakers can find some compromise and willingness to work together before economics force their hand, then that is bullish for oil. But I think we will probably see the market grind sideways." (Additional reporting by Lisa Twaronite in Tokyo, Cecile Lefort in Sydney and Randy Fabi in Singapore; Editing by Kim Coghill and Ramya Venugopal; For the state of play of Asian stock markets please click on: <0#.INDEXA>; For Reuters Global Investing Blog, click on; here; For the MacroScope Blog, click on; blogs.reuters.com/macroscope; For Hedge Fund Blog, click on; blogs.reuters.com/hedgehub)

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GLOBAL MARKETS-Euro, stocks down before ECB rate decision

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By Jeremy Gaunt, European Investment Correspondent

LONDON, Sept 8 | Thu Sep 8, 2011 3:48am EDT

LONDON, Sept 8 (Reuters) - The euro slipped on Thursday ahead of a European Central Bank meeting seen calling a halt to its rate tightening cycle to support economies battered by the euro debt crisis, while stocks fell.

Markets have already firmly priced in an end to the rate hike cycle and the bank's rhetoric is expected to confirm that view in response to signs that the euro zone economy is slowing and with the peripheral debt crisis no closer to ending.

Market players will also be looking at what the central bank says about its buying of southern European and Irish bonds given that the ECB is internally divided over the programme.

"If (ECB President Jean-Claude) Trichet makes cautious remarks on bond buying, Italian and Spanish spreads could rise again and hurt investor sentiment," said Junya Tanase, chief strategist at JPMorgan Chase in Tokyo.

World stocks as measured by MSCI were flat to lower but the FTSEurofirst 300 lost 0.4 percent after a more than 3 percent rise in the previous session.

Global equities suffered their worst correction since 2008 in August, on fears of renewed recession in the United States and worries about Europe's widening crisis. Despite a modest bounce in recent sessions, the MSCI All-Country World index remains 16 percent below its 2011 high, reached in May.

As a result, investors are eyeing a Group of Seven meeting starting on Friday for some guidance about what authorities plan next to avoid a return to recession.

Some analysts believe the economic situation is such that coordinated monetary policy easing may be needed.

Barclays said that at the least it was becoming more likely that the U.S. Federal Reserve would indulge in a new form of quantative easing in which it sells short duration bonds and buys longer ones.

EURO WEAKER

The euro was down 0.1 percent at $1.4082 , still holding above a seven-week low of $1.3972 hit on Monday.

"Markets are a bit cautious going into the ECB rate meeting," said Chris Walker, currency analyst at UBS.

"We could see a bounce in the euro as pricing in for rate cuts in October are a bit far fetched but any lift is likely to see some more selling."

German government bonds opened higher ahead of the rates meeting.

New inflation and growth forecasts from the ECB's in-house economists are likely to be revised down.

"The risk is that the market is disappointed temporarily if they don't turn full circle in one meeting, but it's unlikely to be a dramatic sell-off," said a bond trader. (Additional reporting by Anriban Nag, Alex Richardson, Kirsten Donovan and)

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GLOBAL MARKETS-World stocks, euro rebound after German ruling

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By Natsuko Waki

LONDON, Sept 7 | Wed Sep 7, 2011 7:13am EDT

LONDON, Sept 7 (Reuters) - World stocks rose from a two-week low on Wednesday and the euro rebounded across the board after Germany's top court rejected lawsuits aimed at blocking Berlin's participation in bailout packages for Greece and other euro zone countries.

The Constitutional Court also handed the country's parliament a greater say over euro zone bailouts, potentially hampering the government's ability to act decisively against a two-year-old debt crisis.

But it at least cleared the way for Germany to contribute more to the euro zone's rescue fund, giving temporary relief to investors after this week's sharp sell-off in risky assets.

Better-than-expected data on the U.S. services sector and Australian growth as well as speculation that Washington may unveil a $300 billion package to create new jobs also helped improve the mood.

"Today's ruling should bring some relief to financial markets as a total chaos scenario has been avoided but it should not lead to euphoria," said ING economist Carsten Brzeski.

"The ruling confirms our view that the German piecemeal approach on the debt crisis is not likely to change but eventually the German parliament will vote in favour of a second Greek bailout package and the beefed-up EFSF."

MSCI world equity index rose 1 percent after hitting its lowest since Aug. 22 on Tuesday. The benchmark index is still down more than 10 percent.

European stocks gained 1.9 percent, having hit a two-year low in the previous day.

"We got a brief pop higher in equity markets. It doesn't really change much, except the perception that the euro might collapse, if the Germans ruled (bailouts) unconstitutional, so that fear has gone in the short term," said Michael Hewson, market analyst at CMC Markets.

Emerging stocks added 1.9 percent. U.S. stock futures were up around 1 percent SPc1, pointing to a firmer open on Wall Street later.

U.S. crude oil CLc1 rose 1.2 percent to $87.09 a barrel.

GROWTH MEASURES

Investors also looked ahead for measures to boost growth from Group of Seven finance ministers meeting this weekend and separately from U.S. President Barack Obama.

IMF Managing Director Christine Lagarde has called for governments to consider recapitalising banks and adjusting budget austerity drives to support growth, the concerns at the centre of market weakness since late July.

Sources told Reuters G7 finance ministers will discuss measures at a summit at the end of the week and CNN cited Democratic sources on Wednesday saying that Obama plans to lay out a job-creation package on Thursday with new spending offset by budget cuts .

Bund futures FGBLc1 fell 50 ticks, tracking a dip in U.S. Treasuries after the CNN report.

The dollar gained 0.5 percent against a basket of major currencies.

The euro had risen as much as 0.8 percent to $1.4100 at one point, after falling as low as $1.3971 on Tuesday.

"There's been a lot of pessimism priced into the market this week but we're grinding through the worst of it so understandably we've had a mini pull-back here," said Nomura rate strategist Sean Maloney. "But event risk remains high and we expect more pitfalls to come."

The Swiss franc, which had been along with gold the safe haven of choice for investors, held within the 1.2000 per euro target set on Tuesday by the Swiss central bank to weaken the franc and prevent a recession.

The dollar lost half a percent to 77.16 yen .

The Bank of Japan kept its policy settings unchanged and maintained its assessment that the economy was steadily picking up, with output and exports nearly returning to levels before a devastating earthquake and tsunami in March tipped Japan into recession. (Additional reporting by Kirsten Donovan; Editing by Ruth Pitchford)

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Global cybercrimes cost $114 bln annually - Symantec

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Sept 7 | Wed Sep 7, 2011 4:01am EDT

Sept 7 (Reuters) - A study by Symantec Corp , the maker of Norton computer security software, estimates the cost of global cybercrimes at $114 billion annually.

The Norton Cybercrime Report 2011 said 431 million adults were victims globally in the past year, with costs of cybercrime surpassing the combined global black market in marijuana, cocaine and heroin.

"Over the past 12 months, three times as many adults surveyed have suffered from online crime versus offline crime, yet less than a third of respondents think they are more likely to become a victim of cybercrime than physical world crime in the next year," said Adam Palmer, Norton Lead Cybersecurity Advisor.

The study also identified men in the 18-31 years age group, who access the Internet from their mobile phone, as likely victims. (Reporting by Gowri Jayakumar in Bangalore; Editing by Jon Loades-Carter)

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GLOBAL MARKETS-Stocks, euro slide on recession worries

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By Natsuko Waki

LONDON, Sept 5 | Mon Sep 5, 2011 3:33am EDT

LONDON, Sept 5 (Reuters) - World stocks fell to a one-week low on Monday and the euro hit a three-week trough against the dollar as investors worried the U.S. jobs market may be beyond easy repair and Europe faced a series of risks that would reignite its debt crisis.

A week packed with political and legal challenges begins with the German Federal Constitutional court ruling on Wednesday on suits claiming Berlin is breaking German law and European treaties by contributing to multi-billion euro bailouts of Greece, Ireland and Portugal .

Data on Friday showed U.S. employment growth ground to a halt in August, sending Wall Street sharply lower . With the jobless rate stuck at 9 percent, President Barack Obama and the Federal Reserve are under pressure to provide more stimulus to aid the frail recovery.

"Jobs have been front and centre of this whole recovery debate. The problem is that there simply hasn't been any meaningful jobs growth, which is precisely why markets are so worried about slipping back into recession. The authorities have thrown a lot of stimulus at the problem and to date, it's basically done nothing," said Ben Potter, strategist at IG Markets.

"One of the major reasons why markets are going to struggle to move higher any time soon is the fact that there simply isn't any clarity as to how and where these jobs may come from. Markets are realising that there probably isn't a lot more authorities can do."

MSCI world equity index fell 1.4 percent on the day. It is just over 4 percent above an 11-month low hit during market turmoil in early August and has lost nearly 10 percent since January.

European stocks fell 2.2 percent while emerging stocks lost 2.3 percent.

U.S. crude oil CLc1 fell 1.8 percent to $84.92 a barrel.

Bund futures FGBLc1 rose 82 ticks to a record high.

The dollar rose 0.4 percent to set a one-month high against a basket of major currencies.

The euro fell 0.3 percent on the day to $1.4124.

As many European financial institutions are saddled with losses on bond holdings, traders are also worried that their funding could face more strains, putting pressure on the euro.

"Countries that need help are getting tired of reforms. Countries that are paying money are getting tired of helping," said Kimihiko Tomita, manager of forex at State Street. "The outlook of the euro zone bailout scheme is becoming a bit shaky." (Editing by Patrick Graham)

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GLOBAL MARKETS-European shares set to slip before U.S. data; franc up

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* A strong jobs report may spark more selling

* MSCI APXJ set for best weekly performance since March

* Japan down 1.2%, Australia falls 1.5%

* Economic problems, lukewarm bond auctions weigh on euro

By Saikat Chatterjee

HONG KONG, Sept 2 (Reuters) - European shares were set to snap a four-day rising streak by opening lower on Friday, following Asian peers, while the Swiss franc rose as market players booked profits ahead of a key U.S. jobs report and on broader economic worries.

Stock future indices in Europe STXEc1 declined between 1.5 to 2 percent while U.S. stock futures SPc1 eased 0.4 percent, with a New York Times report that the agency which oversees U.S. mortgage markets is preparing to file suit against "more than a dozen" big U.S. banks also hurting sentiment.

Trading was light in Asia with investors largely sidelined before the U.S. nonfarm payroll report, the only jobs data due before the Federal Reserve holds a two-day meeting at which some market participants expect some sort of policy easing.

While a strong bout of short covering this week has lifted most equity indices from August lows, the rally has taken place amid very low volume, indicating that sentiment remains fragile and markets are still vulnerable to selling pressure.

On Friday, stocks dipped in Asia as investors cut exposure to risky assets, but the region's shares still managed to score a solid weekly gain of about 4 percent, the best weekly performance since March.

The influential U.S. non-farm payrolls data is expected to show an increase of 75,000 jobs, although market whispers are for a much lower number. The data is due at 1230 GMT.

A decline in the employment component of the Institute for Supply Management's (ISM) factory activity index on Thursday heightened worries that August U.S. jobs growth will be weaker than feared. ISM's factory activity index came in only just above the level that indicates growth.

Ironically though, a better-than-expected non-farm payrolls number could lead to a "risk-off" market reaction because that will be interpreted as making it less likely the Fed will launch a fresh round of easing at this month's policy meeting, BNP Paribas strategists said in a daily note.

Expectations of more stimulus have risen after Chairman Ben Bernanke said the Fed will meet for two days this month even though he steered clear of mentioning any fresh round of stimulus for the ailing economy at a speech last month.

Japan's Nikkei ended 1.2 percent down after rising for six days while Australia fell by 1.5 percent.

"Global economic worries are the main focus and volume has been relatively low recently. At times like this, both buying and selling can be risky, so this is keeping stocks trapped in their recent ranges," said Yutaka Miura, senior technical analyst at Mizuho Securities.

The MSCI Asia Pacific ex-Japan index weakened 0.9 percent after rising by more than five percent this week. For the year, it is still down nearly 9 percent mainly due to a sharp drop in August.

EURO WEAKENS

In currency markets, the Swiss franc remained the currency of choice as slowing factory output from the United States to China prompted market players to cut exposure to risky assets.

The U.S. dollar slipped to 0.7922 francs , well off highs around 0.8239 at the start of the week.

The euro languished near a three-week low of around $1.4224 hit on Thursday as lukewarm demand at a Spanish bond sale and weak euro zone PMI data reminded investors that the region's troubles are far from over.

Traders expect the common currency to trend lower in coming days on growing worries about the euro zone growth outlook and the possibility of the European Central Bank softening its hawkish stance at next week's policy meeting.

Gold was steady around the 1,825 per ounce line with investors reluctant to take positions before the data.

Oil CLc1 edged lower to below $89 a barrel on broader economic concerns though worries of supply cuts due to impending storms supported prices. (Additional reporting by Lisa Twaronite in TOKYO; Editing by Richard Borsuk; To read Reuters Global Investing Blog click on; here; for the MacroScope Blog click on; blogs.reuters.com/macroscope; for Hedge Fund Blog Hub; click on blogs.reuters.com/hedgehub; For the state of play of Asian stock markets please click on: <0#.INDEXA>)

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GLOBAL MARKETS-Stocks, oil extend losses on global growth fears

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* World stocks fall 0.8 pct; Europe opens weaker

* Oil, metals extend losses; mining stocks hit

* Dollar index stuck near 1-mth lows; euro up

* 10-yr US yields near 6-mth lows; Bunds, gilts rally

By Sujata Rao

LONDON, June 2 (Reuters) - World stocks extended losses on Thursday and the dollar hovered near a one-month lows against major currencies after a run of dismal economic data pointed to a faltering recovery in the United States.

Fears the global economy could be headed for a more prolonged soft patch than expected pushed oil prices down for the second day running and kept U.S. 10-year bond yields close to the six-month lows they hit in the previous session. Investors remained on the sidelines ahead of key U.S. jobs data due on Friday, with their appetite for risk-taking also hit by lacklustre data from emerging and other developed economies.

"The outlook is darkening. It must be worrying for the global economic authorities. It has cost about $10 trillion worldwide to create the impression of an economic revival and we have nothing to show for it," said Jeremy Batstone-Carr, strategist at Charles Stanley.

He was referring to the enormous amounts of cash stimulus central banks around the world pumped into their economies to boost growth after the 2008 financial crisis.

With the U.S. Federal Reserve set to wrap up its $600 billion bond buying programme later this month, the signals of more economic weakness ahead are especially worrying for riskier assets such as equities, high-yield bonds and emerging markets.

By 0900 GMT, the MSCI index of global equities had fallen 0.8 percent .MIWD00000PUS, extending the previous session's 1.2 percent decline after U.S. data showed private sector job creation was way below forecasts in April.

Factory growth worldwide also weakened last month, surveys from Europe to Asia showed earlier [ID:nLDE7500VU].

All that fuelled a 2.3 percent tumble in the S&P 500 U.S. index .SPX, the biggest one-day fall since mid-August 2010.

Emerging equities shed 1.2 percent .MSCIEF, with Chinese markets closing 1.4 percent lower at a four-month low .SSEC.

European stocks also fell. The FTSEurofirst 300 .FTEU3 index of top European shares was down 0.9 percent, after a one percent tumble on Wednesday.

Mining and energy firms were hardest hit as investors fretted that global commodity demand would weaken. Stocks such as Antofagasta (ANTO.L) and Xstrata (XTA.L) fell between 2.4 percent and 2.8 percent shortly after opening.

Earlier in Asia, Japanese shares fell 1.7 percent .N225, hit also by the political backdrop as Prime Minister Naoto Kan said he would resign once he gets a nuclear crisis under control.

DOLLAR, OIL, METALS HIT; BONDS RALLY

Markets are now awaiting U.S. non-farm payrolls data, seen as the best barometer of the world's largest economy, with analysts slashing their estimates on job creation.

The median forecast of U.S. payrolls growth in May in a Reuters poll was revised down to 150,000 from the prior forecast of 180,000 after a report on Wednesday reflected weak private sector employment activity. [ID:nN01187478]

The dollar remained near a one-month low against a basket of currencies .DXY and hovered near a record low versus the Swiss franc on Thursday.

"I don't think anyone is really expecting Friday's U.S. employment data to be strong. Investors have already tried to price in possible low figures on Friday, selling the dollar," said Sumino Kamei, a senior currency analyst at the Bank of Tokyo-Mitsubishi UFJ.

"A lot will depend on whether yields on U.S. debt stay depressed for a while longer."

Ankita Dudani, currency strategist at RBS in London added: "We're in a stage where the dollar will be soft if people become concerned about weak U.S. data, as QE3 could become a by-product of that."

She was referring to the possibility of a third phase of U.S. quantitative easing -- effectively more money printing by the Fed once its current programme ends.

The euro rose half a percent against the greenback EUR= to a three-week high, though Greece's debt woes were seen capping the single currency's gains. Moody's on Wednesday cut Greece's ratings by three notches deep into junk territory.

Recent data weakness has seen investors pile into U.S. Treasuries, with 10-year yields falling under 3 percent on Wednesday for the first time since last December. Treasuries dipped only slightly off those levels while German Bunds and UK gilts rallied as the flight to safety continued.

Bunds were at four-month highs [ID:nLDE75104J].

On global commodity markets, crude futures fell for the second day in a row while metals prices also extended losses.

By 0900 GMT, Brent oil fell 44 cents to $114.09 a barrel, while U.S. futures lost 58 cents to $99.71. Fears of a slower U.S. recovery deepened after data showed a 3.5 million-barrel jump in U.S. crude stockpiles last week, according to the American Petroleum Industry report.

Traders are also pricing in the possibility of an output rise next week by the OPEC group of oil producing nations.

(additional reporting by Kevin Plumberg in Singapore; Brian Gorman and Naomi Tajitsu in London; Editing by John Stonestreet)

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* World stocks fall 0.8 pct; Europe opens weaker

* Oil, metals extend losses; mining stocks hit

* Dollar index stuck near 1-mth lows; euro up

* 10-yr US yields near 6-mth lows; Bunds, gilts rally

By Sujata Rao

LONDON, June 2 (Reuters) - World stocks extended losses on Thursday and the dollar hovered near a one-month lows against major currencies after a run of dismal economic data pointed to a faltering recovery in the United States.

Fears the global economy could be headed for a more prolonged soft patch than expected pushed oil prices down for the second day running and kept U.S. 10-year bond yields close to the six-month lows they hit in the previous session. Investors remained on the sidelines ahead of key U.S. jobs data due on Friday, with their appetite for risk-taking also hit by lacklustre data from emerging and other developed economies.

"The outlook is darkening. It must be worrying for the global economic authorities. It has cost about $10 trillion worldwide to create the impression of an economic revival and we have nothing to show for it," said Jeremy Batstone-Carr, strategist at Charles Stanley.

He was referring to the enormous amounts of cash stimulus central banks around the world pumped into their economies to boost growth after the 2008 financial crisis.

With the U.S. Federal Reserve set to wrap up its $600 billion bond buying programme later this month, the signals of more economic weakness ahead are especially worrying for riskier assets such as equities, high-yield bonds and emerging markets.

By 0900 GMT, the MSCI index of global equities had fallen 0.8 percent .MIWD00000PUS, extending the previous session's 1.2 percent decline after U.S. data showed private sector job creation was way below forecasts in April.

Factory growth worldwide also weakened last month, surveys from Europe to Asia showed earlier [ID:nLDE7500VU].

All that fuelled a 2.3 percent tumble in the S&P 500 U.S. index .SPX, the biggest one-day fall since mid-August 2010.

Emerging equities shed 1.2 percent .MSCIEF, with Chinese markets closing 1.4 percent lower at a four-month low .SSEC.

European stocks also fell. The FTSEurofirst 300 .FTEU3 index of top European shares was down 0.9 percent, after a one percent tumble on Wednesday.

Mining and energy firms were hardest hit as investors fretted that global commodity demand would weaken. Stocks such as Antofagasta (ANTO.L) and Xstrata (XTA.L) fell between 2.4 percent and 2.8 percent shortly after opening.

Earlier in Asia, Japanese shares fell 1.7 percent .N225, hit also by the political backdrop as Prime Minister Naoto Kan said he would resign once he gets a nuclear crisis under control.

DOLLAR, OIL, METALS HIT; BONDS RALLY

Markets are now awaiting U.S. non-farm payrolls data, seen as the best barometer of the world's largest economy, with analysts slashing their estimates on job creation.

The median forecast of U.S. payrolls growth in May in a Reuters poll was revised down to 150,000 from the prior forecast of 180,000 after a report on Wednesday reflected weak private sector employment activity. [ID:nN01187478]

The dollar remained near a one-month low against a basket of currencies .DXY and hovered near a record low versus the Swiss franc on Thursday.

"I don't think anyone is really expecting Friday's U.S. employment data to be strong. Investors have already tried to price in possible low figures on Friday, selling the dollar," said Sumino Kamei, a senior currency analyst at the Bank of Tokyo-Mitsubishi UFJ.

"A lot will depend on whether yields on U.S. debt stay depressed for a while longer."

Ankita Dudani, currency strategist at RBS in London added: "We're in a stage where the dollar will be soft if people become concerned about weak U.S. data, as QE3 could become a by-product of that."

She was referring to the possibility of a third phase of U.S. quantitative easing -- effectively more money printing by the Fed once its current programme ends.

The euro rose half a percent against the greenback EUR= to a three-week high, though Greece's debt woes were seen capping the single currency's gains. Moody's on Wednesday cut Greece's ratings by three notches deep into junk territory.

Recent data weakness has seen investors pile into U.S. Treasuries, with 10-year yields falling under 3 percent on Wednesday for the first time since last December. Treasuries dipped only slightly off those levels while German Bunds and UK gilts rallied as the flight to safety continued.

Bunds were at four-month highs [ID:nLDE75104J].

On global commodity markets, crude futures fell for the second day in a row while metals prices also extended losses.

By 0900 GMT, Brent oil fell 44 cents to $114.09 a barrel, while U.S. futures lost 58 cents to $99.71. Fears of a slower U.S. recovery deepened after data showed a 3.5 million-barrel jump in U.S. crude stockpiles last week, according to the American Petroleum Industry report.

Traders are also pricing in the possibility of an output rise next week by the OPEC group of oil producing nations.

(additional reporting by Kevin Plumberg in Singapore; Brian Gorman and Naomi Tajitsu in London; Editing by John Stonestreet)

Baloane

Cost aparat dentar

* World stocks fall 0.8 pct; Europe opens weaker

* Oil, metals extend losses; mining stocks hit

* Dollar index stuck near 1-mth lows; euro up

* 10-yr US yields near 6-mth lows; Bunds, gilts rally

By Sujata Rao

LONDON, June 2 (Reuters) - World stocks extended losses on Thursday and the dollar hovered near a one-month lows against major currencies after a run of dismal economic data pointed to a faltering recovery in the United States.

Fears the global economy could be headed for a more prolonged soft patch than expected pushed oil prices down for the second day running and kept U.S. 10-year bond yields close to the six-month lows they hit in the previous session. Investors remained on the sidelines ahead of key U.S. jobs data due on Friday, with their appetite for risk-taking also hit by lacklustre data from emerging and other developed economies.

"The outlook is darkening. It must be worrying for the global economic authorities. It has cost about $10 trillion worldwide to create the impression of an economic revival and we have nothing to show for it," said Jeremy Batstone-Carr, strategist at Charles Stanley.

He was referring to the enormous amounts of cash stimulus central banks around the world pumped into their economies to boost growth after the 2008 financial crisis.

With the U.S. Federal Reserve set to wrap up its $600 billion bond buying programme later this month, the signals of more economic weakness ahead are especially worrying for riskier assets such as equities, high-yield bonds and emerging markets.

By 0900 GMT, the MSCI index of global equities had fallen 0.8 percent .MIWD00000PUS, extending the previous session's 1.2 percent decline after U.S. data showed private sector job creation was way below forecasts in April.

Factory growth worldwide also weakened last month, surveys from Europe to Asia showed earlier [ID:nLDE7500VU].

All that fuelled a 2.3 percent tumble in the S&P 500 U.S. index .SPX, the biggest one-day fall since mid-August 2010.

Emerging equities shed 1.2 percent .MSCIEF, with Chinese markets closing 1.4 percent lower at a four-month low .SSEC.

European stocks also fell. The FTSEurofirst 300 .FTEU3 index of top European shares was down 0.9 percent, after a one percent tumble on Wednesday.

Mining and energy firms were hardest hit as investors fretted that global commodity demand would weaken. Stocks such as Antofagasta (ANTO.L) and Xstrata (XTA.L) fell between 2.4 percent and 2.8 percent shortly after opening.

Earlier in Asia, Japanese shares fell 1.7 percent .N225, hit also by the political backdrop as Prime Minister Naoto Kan said he would resign once he gets a nuclear crisis under control.

DOLLAR, OIL, METALS HIT; BONDS RALLY

Markets are now awaiting U.S. non-farm payrolls data, seen as the best barometer of the world's largest economy, with analysts slashing their estimates on job creation.

The median forecast of U.S. payrolls growth in May in a Reuters poll was revised down to 150,000 from the prior forecast of 180,000 after a report on Wednesday reflected weak private sector employment activity. [ID:nN01187478]

The dollar remained near a one-month low against a basket of currencies .DXY and hovered near a record low versus the Swiss franc on Thursday.

"I don't think anyone is really expecting Friday's U.S. employment data to be strong. Investors have already tried to price in possible low figures on Friday, selling the dollar," said Sumino Kamei, a senior currency analyst at the Bank of Tokyo-Mitsubishi UFJ.

"A lot will depend on whether yields on U.S. debt stay depressed for a while longer."

Ankita Dudani, currency strategist at RBS in London added: "We're in a stage where the dollar will be soft if people become concerned about weak U.S. data, as QE3 could become a by-product of that."

She was referring to the possibility of a third phase of U.S. quantitative easing -- effectively more money printing by the Fed once its current programme ends.

The euro rose half a percent against the greenback EUR= to a three-week high, though Greece's debt woes were seen capping the single currency's gains. Moody's on Wednesday cut Greece's ratings by three notches deep into junk territory.

Recent data weakness has seen investors pile into U.S. Treasuries, with 10-year yields falling under 3 percent on Wednesday for the first time since last December. Treasuries dipped only slightly off those levels while German Bunds and UK gilts rallied as the flight to safety continued.

Bunds were at four-month highs [ID:nLDE75104J].

On global commodity markets, crude futures fell for the second day in a row while metals prices also extended losses.

By 0900 GMT, Brent oil fell 44 cents to $114.09 a barrel, while U.S. futures lost 58 cents to $99.71. Fears of a slower U.S. recovery deepened after data showed a 3.5 million-barrel jump in U.S. crude stockpiles last week, according to the American Petroleum Industry report.

Traders are also pricing in the possibility of an output rise next week by the OPEC group of oil producing nations.

(additional reporting by Kevin Plumberg in Singapore; Brian Gorman and Naomi Tajitsu in London; Editing by John Stonestreet)

Cost aparat dentar

GLOBAL MARKETS-Greece bailout hopes lift euro and stocks

birou notarial

* Euro hits three-week high against dollar; world stocks up

* Germany eyes concessions to ease new Greece bailout -WSJ

* World stocks set for biggest monthly drop since August

* Brent crude heads for first monthly fall in a year

By Dominic Lau

LONDON, May 31 (Reuters) - The euro rose to a three-week high against the dollar on Tuesday, while world stocks and oil prices advanced on a report that Germany could make concessions to facilitate a new aid package for Greece.

Berlin, which along with some other countries had resisted extra funding, is considering dropping its push for an early rescheduling of Greek bonds, the Wall Street Journal said. [ID:nL3E7GV07I]

That was in line with the tone of comments by Berlin's finance minister last week, although other substantial barriers appear to remain to the provision of extra financial help needed to deal with Greece's financing needs next year.

Concerns over the euro zone debt crisis have driven the euro sharply lower this month and it is on course for its first monthly loss since November.

"There's quite a big risk premium in euro based on Greek default concerns, so if Germany lends more money to get them through to 2013, the chances of a disorderly restructuring further down the line become much reduced," Adrian Schmidt, currency analyst at Lloyds Banking Group, said.

Concerns have intensified after Greece fell short of deficit-reduction goals and the IMF this month pointed to problems with the release of the next tranche of aid, raising the risk of a default on Athens' 327 billion euro debt.

The euro EUR= was up 0.9 percent at $1.4404 after hitting a three-week high at $1.4413, and up 0.7 percent at 1.2255 Swiss francs EURCHF=. The single currency, however, is down about 2.7 percent overall on the month, according to Reuters data.

Greece's shares .ATG climbed 2.5 percent, while the Thomson Reuters Peripheral Eurozone Index .TRXFLDPIPU rose 2.2 percent and the FTSEurofirst 300 .FTEU3 of leading European shares added 0.7 percent.

Yields on 10-year Greek government bonds GR10YT=TWEB eased 18.6 basis points to 16.552 percent, while those on Spain's 10-year bonds ES10YT=TWEB fell 4 basis points to 5.359 percent.

Germany's benchmark 10-year Bund yields DE10YT=TWEB, on the other hand, rose 6 basis points to top the key psychological level of 3 percent.

Rabobank strategist Richard McGuire said there is every likelihood than any softening of Germany's stance on a "reprofiling" of Greek bonds will prove to be a short-term development designed to avoid the immediate funding crunch that would arise if the IMF were to stop its disbursements.

"With bailout fatigue also increasingly evident on the part of core electorates, this issue is likely to make a return near term and could perhaps feature at the Eurogroup's discussions on Greece on 20 June," he said in a note.

WEAK MAY PERFORMANCE

World stocks measured by MSCI All-Country World Index .MIWD00000PUS gained 0.8 percent, though the index was on track to register its worst biggest monthly percentage losses since last August.

In Asia, Japan's Nikkei average .N225 rose 2 percent, encouraged by predictions of strong industrial output in the coming months, though it ended the month 1.6 percent lower.

Brent crude LCOc1 put on 1.3 percent to trade above $116 a barrel, though it was down 7.7 percent this month, heading to its worst monthly percentage losses in a year.

The crude prices are still up more than 22 percent so far this year on supply concern, driven largely by the unrest in oil-rich Middle East and North Africa. (Additional reporting by Neal Armstrong, Emelia Sithole and Kirsten Donovan; editing by Patrick Graham)

Birou Notarial Bucuresti

Baloane

* Euro hits three-week high against dollar; world stocks up

* Germany eyes concessions to ease new Greece bailout -WSJ

* World stocks set for biggest monthly drop since August

* Brent crude heads for first monthly fall in a year

By Dominic Lau

LONDON, May 31 (Reuters) - The euro rose to a three-week high against the dollar on Tuesday, while world stocks and oil prices advanced on a report that Germany could make concessions to facilitate a new aid package for Greece.

Berlin, which along with some other countries had resisted extra funding, is considering dropping its push for an early rescheduling of Greek bonds, the Wall Street Journal said. [ID:nL3E7GV07I]

That was in line with the tone of comments by Berlin's finance minister last week, although other substantial barriers appear to remain to the provision of extra financial help needed to deal with Greece's financing needs next year.

Concerns over the euro zone debt crisis have driven the euro sharply lower this month and it is on course for its first monthly loss since November.

"There's quite a big risk premium in euro based on Greek default concerns, so if Germany lends more money to get them through to 2013, the chances of a disorderly restructuring further down the line become much reduced," Adrian Schmidt, currency analyst at Lloyds Banking Group, said.

Concerns have intensified after Greece fell short of deficit-reduction goals and the IMF this month pointed to problems with the release of the next tranche of aid, raising the risk of a default on Athens' 327 billion euro debt.

The euro EUR= was up 0.9 percent at $1.4404 after hitting a three-week high at $1.4413, and up 0.7 percent at 1.2255 Swiss francs EURCHF=. The single currency, however, is down about 2.7 percent overall on the month, according to Reuters data.

Greece's shares .ATG climbed 2.5 percent, while the Thomson Reuters Peripheral Eurozone Index .TRXFLDPIPU rose 2.2 percent and the FTSEurofirst 300 .FTEU3 of leading European shares added 0.7 percent.

Yields on 10-year Greek government bonds GR10YT=TWEB eased 18.6 basis points to 16.552 percent, while those on Spain's 10-year bonds ES10YT=TWEB fell 4 basis points to 5.359 percent.

Germany's benchmark 10-year Bund yields DE10YT=TWEB, on the other hand, rose 6 basis points to top the key psychological level of 3 percent.

Rabobank strategist Richard McGuire said there is every likelihood than any softening of Germany's stance on a "reprofiling" of Greek bonds will prove to be a short-term development designed to avoid the immediate funding crunch that would arise if the IMF were to stop its disbursements.

"With bailout fatigue also increasingly evident on the part of core electorates, this issue is likely to make a return near term and could perhaps feature at the Eurogroup's discussions on Greece on 20 June," he said in a note.

WEAK MAY PERFORMANCE

World stocks measured by MSCI All-Country World Index .MIWD00000PUS gained 0.8 percent, though the index was on track to register its worst biggest monthly percentage losses since last August.

In Asia, Japan's Nikkei average .N225 rose 2 percent, encouraged by predictions of strong industrial output in the coming months, though it ended the month 1.6 percent lower.

Brent crude LCOc1 put on 1.3 percent to trade above $116 a barrel, though it was down 7.7 percent this month, heading to its worst monthly percentage losses in a year.

The crude prices are still up more than 22 percent so far this year on supply concern, driven largely by the unrest in oil-rich Middle East and North Africa. (Additional reporting by Neal Armstrong, Emelia Sithole and Kirsten Donovan; editing by Patrick Graham)

Baloane

Cost aparat dentar

* Euro hits three-week high against dollar; world stocks up

* Germany eyes concessions to ease new Greece bailout -WSJ

* World stocks set for biggest monthly drop since August

* Brent crude heads for first monthly fall in a year

By Dominic Lau

LONDON, May 31 (Reuters) - The euro rose to a three-week high against the dollar on Tuesday, while world stocks and oil prices advanced on a report that Germany could make concessions to facilitate a new aid package for Greece.

Berlin, which along with some other countries had resisted extra funding, is considering dropping its push for an early rescheduling of Greek bonds, the Wall Street Journal said. [ID:nL3E7GV07I]

That was in line with the tone of comments by Berlin's finance minister last week, although other substantial barriers appear to remain to the provision of extra financial help needed to deal with Greece's financing needs next year.

Concerns over the euro zone debt crisis have driven the euro sharply lower this month and it is on course for its first monthly loss since November.

"There's quite a big risk premium in euro based on Greek default concerns, so if Germany lends more money to get them through to 2013, the chances of a disorderly restructuring further down the line become much reduced," Adrian Schmidt, currency analyst at Lloyds Banking Group, said.

Concerns have intensified after Greece fell short of deficit-reduction goals and the IMF this month pointed to problems with the release of the next tranche of aid, raising the risk of a default on Athens' 327 billion euro debt.

The euro EUR= was up 0.9 percent at $1.4404 after hitting a three-week high at $1.4413, and up 0.7 percent at 1.2255 Swiss francs EURCHF=. The single currency, however, is down about 2.7 percent overall on the month, according to Reuters data.

Greece's shares .ATG climbed 2.5 percent, while the Thomson Reuters Peripheral Eurozone Index .TRXFLDPIPU rose 2.2 percent and the FTSEurofirst 300 .FTEU3 of leading European shares added 0.7 percent.

Yields on 10-year Greek government bonds GR10YT=TWEB eased 18.6 basis points to 16.552 percent, while those on Spain's 10-year bonds ES10YT=TWEB fell 4 basis points to 5.359 percent.

Germany's benchmark 10-year Bund yields DE10YT=TWEB, on the other hand, rose 6 basis points to top the key psychological level of 3 percent.

Rabobank strategist Richard McGuire said there is every likelihood than any softening of Germany's stance on a "reprofiling" of Greek bonds will prove to be a short-term development designed to avoid the immediate funding crunch that would arise if the IMF were to stop its disbursements.

"With bailout fatigue also increasingly evident on the part of core electorates, this issue is likely to make a return near term and could perhaps feature at the Eurogroup's discussions on Greece on 20 June," he said in a note.

WEAK MAY PERFORMANCE

World stocks measured by MSCI All-Country World Index .MIWD00000PUS gained 0.8 percent, though the index was on track to register its worst biggest monthly percentage losses since last August.

In Asia, Japan's Nikkei average .N225 rose 2 percent, encouraged by predictions of strong industrial output in the coming months, though it ended the month 1.6 percent lower.

Brent crude LCOc1 put on 1.3 percent to trade above $116 a barrel, though it was down 7.7 percent this month, heading to its worst monthly percentage losses in a year.

The crude prices are still up more than 22 percent so far this year on supply concern, driven largely by the unrest in oil-rich Middle East and North Africa. (Additional reporting by Neal Armstrong, Emelia Sithole and Kirsten Donovan; editing by Patrick Graham)

Cost aparat dentar

GLOBAL MARKETS-European debt crisis fears keep markets on edge

birou notarial

* Markets recover poise after Monday's hammering

* Euro zone debt crisis keeps lid on stocks, euro

* Moody's warns of contagion

By Jeremy Gaunt, European Investment Correspondent

LONDON, May 24 (Reuters) - Financial markets regained some poise on Tuesday but recouped only a little ground from the battering inflicted a day earlier by fears that the euro zone debt crisis is heading for a new, more dangerous phase.

European shares edged higher, but were still in the red for the year, and the euro sat just above two-month lows versus the dollar, against which it has lost as much as 6.5 percent over three weeks.

World stocks as measured by MSCI .MIWD00000PUS were up 0.2 percent, but only after hitting two-month lows during Monday's sell off, wiping out a good portion of their spring rally.

The main driver behind Monday's shake-out was concern that a Greek default could put a new range of countries -- including Group of Eight member Italy -- into trouble.

It was triggered by another downgrading of Greece, a ratings outlook warning about Italy and a Spanish voter revolt against austerity. [ID:nLDE74M0V7]

Rating agency Moody's underlined the issue again on Tuesday, saying that a Greek debt default would have wide implication for others. [ID:nLDE74N0AQ]

"Moody's believes that a default is likely to have adverse credit rating implications for Greece, possibly some other stressed European sovereigns, and the Greek banks, regardless of the efforts made to achieve an 'orderly' outcome," it said in a statement.

Euro zone governments and central bankers are at loggerheads over what is needed to stave of default or restructuring in Greece, primarily over the precedent it would set for the currency bloc and the other highly indebted countries. "The huge storm of risk reduction will rip through markets if the focus turns to Spain and Italy. It's clear they don't have money to bail out these countries," said Ayako Sera, a market economist at Sumitomo Trust and Banking.

"What we are seeing now could just be the beginning of it," she added.

EYE OF STORM?

As is often the case after a heavy market day, investors took something of a breather on Tuesday, but without any sign that the underlying issue has been dealt with.

The euro hovered above its two-month low against the dollar, capped by the contagion worries. It was up less than 0.1 percent on the day at $1.4060 EUR=.

"The amount of euro selling in the past few days has been huge. So I suspect a lot of euro long positions have been cleared. Some may probably be caught in short positions," said a trader at a U.S. bank.

European shares drifted higher, with the FTEurofirst 300 .FTEU3 up 0.3 percent. The index fell 1.7 percent on Monday.

Analysts said longer-term outlook was positive, but short-term events could make equities volatile.

"The global economy is still doing well. Companies are very healthy and have a lot of cash in their balance sheets. As long as they continue to deliver profits, that's going to be helpful for the market," said Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets in Brussels.

"But I would caution people to be careful and take some money off the table and make sure they have some cash in hands."

German bonds opened slightly lower as investors cashed in on the previous day's rally of core euro zone debt. (Additional reporting by Hideyuki Sano and Atul Prakash, editing by Mike Peacock)

Birou Notarial Bucuresti

Baloane

* Markets recover poise after Monday's hammering

* Euro zone debt crisis keeps lid on stocks, euro

* Moody's warns of contagion

By Jeremy Gaunt, European Investment Correspondent

LONDON, May 24 (Reuters) - Financial markets regained some poise on Tuesday but recouped only a little ground from the battering inflicted a day earlier by fears that the euro zone debt crisis is heading for a new, more dangerous phase.

European shares edged higher, but were still in the red for the year, and the euro sat just above two-month lows versus the dollar, against which it has lost as much as 6.5 percent over three weeks.

World stocks as measured by MSCI .MIWD00000PUS were up 0.2 percent, but only after hitting two-month lows during Monday's sell off, wiping out a good portion of their spring rally.

The main driver behind Monday's shake-out was concern that a Greek default could put a new range of countries -- including Group of Eight member Italy -- into trouble.

It was triggered by another downgrading of Greece, a ratings outlook warning about Italy and a Spanish voter revolt against austerity. [ID:nLDE74M0V7]

Rating agency Moody's underlined the issue again on Tuesday, saying that a Greek debt default would have wide implication for others. [ID:nLDE74N0AQ]

"Moody's believes that a default is likely to have adverse credit rating implications for Greece, possibly some other stressed European sovereigns, and the Greek banks, regardless of the efforts made to achieve an 'orderly' outcome," it said in a statement.

Euro zone governments and central bankers are at loggerheads over what is needed to stave of default or restructuring in Greece, primarily over the precedent it would set for the currency bloc and the other highly indebted countries. "The huge storm of risk reduction will rip through markets if the focus turns to Spain and Italy. It's clear they don't have money to bail out these countries," said Ayako Sera, a market economist at Sumitomo Trust and Banking.

"What we are seeing now could just be the beginning of it," she added.

EYE OF STORM?

As is often the case after a heavy market day, investors took something of a breather on Tuesday, but without any sign that the underlying issue has been dealt with.

The euro hovered above its two-month low against the dollar, capped by the contagion worries. It was up less than 0.1 percent on the day at $1.4060 EUR=.

"The amount of euro selling in the past few days has been huge. So I suspect a lot of euro long positions have been cleared. Some may probably be caught in short positions," said a trader at a U.S. bank.

European shares drifted higher, with the FTEurofirst 300 .FTEU3 up 0.3 percent. The index fell 1.7 percent on Monday.

Analysts said longer-term outlook was positive, but short-term events could make equities volatile.

"The global economy is still doing well. Companies are very healthy and have a lot of cash in their balance sheets. As long as they continue to deliver profits, that's going to be helpful for the market," said Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets in Brussels.

"But I would caution people to be careful and take some money off the table and make sure they have some cash in hands."

German bonds opened slightly lower as investors cashed in on the previous day's rally of core euro zone debt. (Additional reporting by Hideyuki Sano and Atul Prakash, editing by Mike Peacock)

Baloane

Cost aparat dentar

* Markets recover poise after Monday's hammering

* Euro zone debt crisis keeps lid on stocks, euro

* Moody's warns of contagion

By Jeremy Gaunt, European Investment Correspondent

LONDON, May 24 (Reuters) - Financial markets regained some poise on Tuesday but recouped only a little ground from the battering inflicted a day earlier by fears that the euro zone debt crisis is heading for a new, more dangerous phase.

European shares edged higher, but were still in the red for the year, and the euro sat just above two-month lows versus the dollar, against which it has lost as much as 6.5 percent over three weeks.

World stocks as measured by MSCI .MIWD00000PUS were up 0.2 percent, but only after hitting two-month lows during Monday's sell off, wiping out a good portion of their spring rally.

The main driver behind Monday's shake-out was concern that a Greek default could put a new range of countries -- including Group of Eight member Italy -- into trouble.

It was triggered by another downgrading of Greece, a ratings outlook warning about Italy and a Spanish voter revolt against austerity. [ID:nLDE74M0V7]

Rating agency Moody's underlined the issue again on Tuesday, saying that a Greek debt default would have wide implication for others. [ID:nLDE74N0AQ]

"Moody's believes that a default is likely to have adverse credit rating implications for Greece, possibly some other stressed European sovereigns, and the Greek banks, regardless of the efforts made to achieve an 'orderly' outcome," it said in a statement.

Euro zone governments and central bankers are at loggerheads over what is needed to stave of default or restructuring in Greece, primarily over the precedent it would set for the currency bloc and the other highly indebted countries. "The huge storm of risk reduction will rip through markets if the focus turns to Spain and Italy. It's clear they don't have money to bail out these countries," said Ayako Sera, a market economist at Sumitomo Trust and Banking.

"What we are seeing now could just be the beginning of it," she added.

EYE OF STORM?

As is often the case after a heavy market day, investors took something of a breather on Tuesday, but without any sign that the underlying issue has been dealt with.

The euro hovered above its two-month low against the dollar, capped by the contagion worries. It was up less than 0.1 percent on the day at $1.4060 EUR=.

"The amount of euro selling in the past few days has been huge. So I suspect a lot of euro long positions have been cleared. Some may probably be caught in short positions," said a trader at a U.S. bank.

European shares drifted higher, with the FTEurofirst 300 .FTEU3 up 0.3 percent. The index fell 1.7 percent on Monday.

Analysts said longer-term outlook was positive, but short-term events could make equities volatile.

"The global economy is still doing well. Companies are very healthy and have a lot of cash in their balance sheets. As long as they continue to deliver profits, that's going to be helpful for the market," said Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets in Brussels.

"But I would caution people to be careful and take some money off the table and make sure they have some cash in hands."

German bonds opened slightly lower as investors cashed in on the previous day's rally of core euro zone debt. (Additional reporting by Hideyuki Sano and Atul Prakash, editing by Mike Peacock)

Cost aparat dentar

GLOBAL MARKETS-Dollar at low, world stocks weaker

birou notarial

* Dollar at 16-month low

* Stocks weaker despite corporate activity

* Japan's Tankan points to supply chain problems

By Jeremy Gaunt, European Investment Correspondent

LONDON, April 14 (Reuters) - The dollar sank to a 16-month low against a basket of currencies on Thursday as investors bet U.S. monetary policy would continue to be loose, while a report that Chinese inflation will rise dragged on equities.

World stocks .MIWD00000PUS were flat to lower despite a burst of corporate activity that would usually lift investors' spirits.

Glencore [GLEN.UL], the world's largest commodities trading company, plans to raise up to $12.1 billion in a London and Hong Kong stock market floatation that is London's biggest ever. Shares in Japan's Isuzu Motors (7202.T) jumped on a report that Volkswagen (VOWG.DE) was considering buying all or part of it.

But European shares, as measured by the FTSEurofirst 300 .FTEU3 were down a half a percent, partly out of concern that Chinese inflation is returning.

Hong Kong's Phoenix TV, citing an unnamed source, said China's annual rate of inflation in March was likely to be 5.3-5.4 percent, a 32-month high and just above an estimate in a Reuters poll. [ID:nL3E7FE0EO]

Investors are particularly concerned about Chinese inflation in case government attempts to restrain it prompt a so-called hard landing for the economy.

"Inflation in emerging economies has become a serious issue, as the impact from high commodity prices is stronger for those countries," said Arnaud Scarpaci, fund manager at Paris-based Agilis Gestion.

Earlier, Nikkei benchmark .N225 closed up 0.1 percent, held back by continued worries about the impact of its earthquake, tsunami and nuclear disasters.

The Reuters Tankan survey of 400 large firms found on Thursday that power shortages caused by the crippled Fukushima nuclear plant had hit nearly 60 percent of local companies, disrupting production and supply chains. [ID:nnLME7DP00Q]

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Birou Notarial Bucuresti

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* Dollar at 16-month low

* Stocks weaker despite corporate activity

* Japan's Tankan points to supply chain problems

By Jeremy Gaunt, European Investment Correspondent

LONDON, April 14 (Reuters) - The dollar sank to a 16-month low against a basket of currencies on Thursday as investors bet U.S. monetary policy would continue to be loose, while a report that Chinese inflation will rise dragged on equities.

World stocks .MIWD00000PUS were flat to lower despite a burst of corporate activity that would usually lift investors' spirits.

Glencore [GLEN.UL], the world's largest commodities trading company, plans to raise up to $12.1 billion in a London and Hong Kong stock market floatation that is London's biggest ever. Shares in Japan's Isuzu Motors (7202.T) jumped on a report that Volkswagen (VOWG.DE) was considering buying all or part of it.

But European shares, as measured by the FTSEurofirst 300 .FTEU3 were down a half a percent, partly out of concern that Chinese inflation is returning.

Hong Kong's Phoenix TV, citing an unnamed source, said China's annual rate of inflation in March was likely to be 5.3-5.4 percent, a 32-month high and just above an estimate in a Reuters poll. [ID:nL3E7FE0EO]

Investors are particularly concerned about Chinese inflation in case government attempts to restrain it prompt a so-called hard landing for the economy.

"Inflation in emerging economies has become a serious issue, as the impact from high commodity prices is stronger for those countries," said Arnaud Scarpaci, fund manager at Paris-based Agilis Gestion.

Earlier, Nikkei benchmark .N225 closed up 0.1 percent, held back by continued worries about the impact of its earthquake, tsunami and nuclear disasters.

The Reuters Tankan survey of 400 large firms found on Thursday that power shortages caused by the crippled Fukushima nuclear plant had hit nearly 60 percent of local companies, disrupting production and supply chains. [ID:nnLME7DP00Q]

WEAK DOLLAR

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