Market News

Nikkei inches up 0.4 pct after upbeat U.S. data

TOKYO, Sept 10 (Reuters) - Japan's Nikkei average rose 0.4percent on Friday after stronger-than-expected U.S. data onjobless benefits and trade raised hopes the tepid economicrecovery would accelerate.

The benchmark Nikkei <.N225> rose 33.86 points to 9,132.25,pulling away from a 16-month

PRECIOUS-Gold slips after U.S. data, holds near 1-week low

SINGAPORE, Sept 10 (Reuters) - Gold edged down on Friday,holding near a 1-week low hit the previous session, afterbetter-than-expected U.S. data pushed up stock markets andhelped ease worries about the health of the economy.

FUNDAMENTALS

NYMEX-October crude jumps on Canada-US pipeline shutdown

SINGAPORE, Sept 10 (Reuters) - U.S. crude for Octoberjumped to near $75 after a leak forced Enbridge to shut downthe biggest pipeline supplying Canadian oil to refineries inthe Midwest.

FUNDAMENTALS

U.S. crude jumps on Canada-US pipeline shutdown

* Front-month WTI discount shrinks against second month

* Enbridge leak size, shutdown duration still unclear

GLOBAL MARKETS-Asia stocks hit 4-month high, yen slides

* Positive U.S., Japan economic readings support equities

* Bond yields move against yen, favour U.S. dollar

RPT-GLOBAL MARKETS-Asia stocks hit 4-month high, yen slides

* Positive U.S., Japan economic readings support equities

* Bond yields move against yen, favour U.S. dollar

PRECIOUS-Gold dips, heads for 1st weekly drop in over a month

* Gold slips; ETF holdings tick lower

* IMF sells gold to Bangladesh

UPDATE 1-U.S. crude jumps on Canada-US pipeline shutdown

* Front-month WTI discount shrinks against second month

* Enbridge leak size, shutdown duration still unclear

US oil gains, Brent spread narrows on Enbridge

NEW YORK, Sept 9 (Reuters) - Front-month U.S. crude futurespared losses and narrowed their discount to Brent futures lateon Thursday following news of a pipeline outage at Enbridge'sline 6A.

U.S. crude traded down 42 cents at $74.29 a barrel in lateelectronic activity, after trading as lo

US STOCKS-Wall St buoyed by upbeat economic data

* Initial jobless claims fall more than expected

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