Commodities advanced to the highest level in more than six months as euro-area finance ministers reached agreement on a second debt bailout package for Greece, boosting the euro and increasing demand for raw materials.
WHAT TO WATCH: (ALL TIMES NEW YORK) 7:10 a.m. U.K. Energy Secretary Charles Hendry speaks in London 10:00 a.m. International Grains Trade Conference, Singapore 11:00 a.m. U.S. Grain Export Inspections 2:00 p.m. U.S. Hog, Cattle Slaughter All Day: Nigeria Oil & Gas 2012 conference, Abuja. All Day: International Zinc Conference, Rancho Mirage, CA TOP STORIES -Commodities Rally to Highest in More Than Six Months on Greece -Record Rice Crop Boosts Stockpiles to Decade High: Commodities -Oil Profits Slide Fastest Since Lehman Collapse on Gas: Energy -Coal to India Beating China on Supply Shortfall: Energy Markets -Billionaire Fredriksen Sees Golar LNG Rates Surging: Freight -Gold Imports by India Seen Declining From Record on Prices -Australia Seen Gaining Wheat Market Share From U.S. in Asia -Zinc Smelter Fees to Drop as Supply Spurs Discounts: Survey -Oil Trades Near 9-Month High as Europe Reaches Greek Aid Deal -Asia Gasoil Crack Spread Widens Most in 10 Weeks: Oil Products -Rio Sees ‘Volatile’ First-Half Iron Ore Prices on China, Greece -Greece Wins Second Bailout as Europe Chooses Aid Over Default ON THE FRONT PAGES: -China Invests 1.75b Yuan in Nuclear Research Last Year: Xinhua -Greece’s Depa May Buy Stake in TAP Pipeline Group: Imerisia -India Calls Meeting on Oil Block Exploration Delays: Hindu Link -China Guodian to Invest 100b Yuan in Yunnan New Energy: Daily -India’s NTPC Awards 60b Rupee Contracts for Power Plant: Mint -Toshiba to Resume Air Conditioner Output at Thailand Unit: Link -United Tractors to Buy 2 Coal Mines in Kalimantan, Bisnis Says ECONOMIC DATA: (ALL TIMES NEW YORK) 8:30 a.m. Canada Retail, Wholesale Sales 8:30 a.m. Chicago Fed Nat Activity Index TV HIGHLIGHTS: 11:30 a.m. Manoj Ladwa ETX Capital
MARKETS (5:45 a.m. NY Time):
Last Chg %Chg WTI Crude Oil $104.65 +1.41 +1.4 Gasoline $3.03 +0.013 +0.4 Natural Gas $2.65 -0.037 -1.4 Copper $8,351.25 +115.75 +1.4 Gold $1,737.04 +2.09 +0.1 Wheat $6.44 -0.038 -0.6 U.S. Dollar Index 79.08 -0.06 -0.1 MSCI All-Country Index 329.92 -0.97 -0.3 *T