Oil rises above $95 after Gets the ready Greece slice (AP)

KUALA LUMPUR, Malaysia - oil edged above US $95 per barrel Monday in Asia, reinforced by the news that the Greece was saved from almost collapse after obtaining a vital loan episode.

Reference crude for August delivery was up 23 cents at 95.23 to $ per barrel late afternoon in times of Kuala Lumpur in electronic commerce on the New York Mercantile Exchange. The contract shed 48 cents to settle at $94.94 Friday.

In London, Brent crude for August delivery was down 24 cents at 111.53 $ per barrel on the ice future exchange.

Ministers of the countries that use the common currency of the euro agreed this weekend to pay Athens a euro 12 billion ($17,39 billion) slice of its rescue package 110 billion euro existing before 15 July, in time to meet several deadlines for repayment of bond this month and the next. Europe and the Monetary Fund International will continue to support the faltering economy of the Greece in the years to come.

"That has eased concerns that the crisis of the debt of Greece will be negative impact on economic recovery in Europe," said Victor Shum, analyst with Council energy Purvin & Gertz in Singapore.

He also strengthened the euro and weakened the dollar, arguing the oil prices, he said. Crude is priced in U.S. dollars, so a weakening of the dollar makes it cheaper oil for investors with other currencies.

Shum said a report showing a rebound in U.S. manufacturing also raised hopes of strong economic growth in the more oil in the world consuming nation.

He said trade was thin because of the anniversary of the independence party at the United States but provides that the price of oil to increase gradually up to $100 per barrel if economic news remains positive.

World Bank to the balance sheet as the remains of the Egypt IMF ready (Reuters)

WASHINGTON (Reuters) - the World Bank, said Sunday that should be the balance of the plans to lend to the Egypt after the International Monetary Fund confirmed that the authorities wanted to is no longer a loan with IMF-backed program.

The Minister of finance Egyptian Samir Radwan, said Saturday Egypt would not borrow from the World Bank and the IMF after the revision of its budget and the deficit target of cutting to 8.6% of the gross domestic product of 11%.

A spokesman for the World Bank said that he was not informed of the decision.

"All that we are aware that these discussions are ongoing and we have heard nothing from the Government to suggest the contrary," said a spokesman for the World Bank.

"If there is no program of the IMF, we will have to make the point", added the spokesman.

The IMF said Egypt had scrapped plans for a loan of $ 3 billion IMF agreed last month. The World Bank and other international donors have generally look at the IMF as a seal of approval to the Governments.

On 24 may, the World Bank President Robert Zoellick said that the institution of fight against poverty would be $ 4.5 billion over the next 24 months for the Egypt. Funding included $ 1 billion this year in the budgetary support and $ 1 billion next year to cover a deficit huge budget after the economy has plunged into a crisis by mass demonstrations led Hosni Mubarak's Office on 11 February.

The program of the World Bank was also to the improvement of transparency and boost employment, which were part of the requirements of demonstrators.

Radwan said Qatar had provided the Egypt with $ 500 million for budgetary support in the week, and Saudi Arabia had offered a similar amount.

(Reporting by Lesley Wroughton; editing by Anthony Boadle)

World Bank to make the point in Egypt ready scraps IMF

World Bank President Robert Zoellick (L) meeting Prime Minister Egyptian Essam Sharaf (R) at the Summit of the G8 in Deauville on May 27, 2011.

Credit: Reuters/Kevin Lamarque

WASHINGTON. Sun June 26, 2011 6: 12 am EDT

WASHINGTON (AFP) - the World Bank, said Sunday that should be the balance of the plans to lend to the Egypt after the International Monetary Fund confirmed that the authorities wanted to is no longer a loan with IMF-backed program.

The Minister of finance Egyptian Samir Radwan, said Saturday Egypt would not borrow from the World Bank and the IMF after the revision of its budget and the deficit target of cutting to 8.6% of the gross domestic product of 11%.

A spokesman for the World Bank said that he was not informed of the decision.

"All that we are aware that these discussions are ongoing and we have heard nothing from the Government to suggest the contrary," said a spokesman for the World Bank.

"If there is no program of the IMF, we will have to make the point", added the spokesman.

The IMF said Egypt had scrapped plans for a loan of $ 3 billion IMF agreed last month. The World Bank and other international donors have generally look at the IMF as a seal of approval to the Governments.

On 24 may, the World Bank President Robert Zoellick said that the institution of fight against poverty would be $ 4.5 billion over the next 24 months for the Egypt. Funding included $ 1 billion this year in the budgetary support and $ 1 billion next year to cover a deficit huge budget after the economy has plunged into a crisis by mass demonstrations led Hosni Mubarak's Office on 11 February.

The program of the World Bank was also to the improvement of transparency and boost employment, which were part of the requirements of demonstrators.

Radwan said Qatar had provided the Egypt with $ 500 million for budgetary support in the week, and Saudi Arabia had offered a similar amount.

(Reporting by Lesley Wroughton; editing by Anthony Boadle)

RPT-Wall St Week Ahead: Bulls ready to charge into the wall of worry - Reuters

(Repeats column originally transmitted late Friday)

* End quarter Bounce looms for stocks

* The Greece and the Italy are sources of uncertainty

* S & P 200 days moving average line in the sand.

By Rodrigo Campos

(NEW YORK, June 26, Reuters) - A bounce could be in the cards for us stocks this week as the bulls of defending a level key technical and portfolio managers buy winners of the quarter to support their books.

But earnings from defensive staples or other areas health care which exceeded the market in recent months only support the notion that the US stock market should complete its phase of correction and panic sale must be done before a more sustained return develops.

"We want to see more fear," said Ari Wald, strategist of fairness to Brown Brothers Harriman in New York.

Be careful that your desires.

The problems that have led the recent decline, including the slow March of the Greece to default on its debt, weak U.S. economic data and the rampant due to lift the ceiling of the U.S. debt, are far from resolved.

HOLDING THE 200 DAYS SHOWS THE WAY

Despite a drop in dragging the & S P 500 as 8.2% below its high success three years in early may, the index held above its 200-day moving average - a line in the sand as the bears and bulls major battle for control of market.

The slide had been telegram for the weeks and the performance by the market book - folding to a widely followed level - seems too well choreography to some analysts.

"The fact that we went 200-days... seems just a little too perfect,"said Marc Pado, U.S. Cantor Fitzgerald & Co in San Francisco market strategist.""

He said that the timing of the move was favourable, as the market creates a technical basis before resuming its move upward on the back of solid gains.

"You might get an attempt of a move of dust," said Pado. "But the majority is sometimes right."

Even if they are right, they seem not too convinced. So far in this quarter - being the first in the red for the S & P 500 in the last year, daily volume on the New York Stock Exchange, NYSE Amex and Nasdaq has average 7.22 billion shares.

It is to the bottom of the actions 7.94 billions of dollars traded every day during the first quarter, when the & S P 500 won 5.4%. Commitment to the market decreased. Frantic selling, flush to the bottom of the day traders appears to be absent up to now in this corrective phase.

Despite the holding above this level, the market has not removed the danger zone of dipping in its 200-day average. The curve has a steep slope, the & S P 500 took about two years to check an advance of 100 per cent of its March 2009 low.

The 200 day moving average is$ 1,263.47, less than 0.4% below the S & P 500 Friday closing.

"Whenever you test a resistance or support level, make you smaller," said Nicholas Colas, chief strategist of the New York ConvergEx Group market. "It's almost like a piece of metal." Each time that you hit, it grows more fragile, and that is why people are really concerned about the third or fourth time. »

After three consecutive days of decline, the & S P 500 declined 0.24% for the week and finished Friday at 1, 268. 45 - its seventh decline in the last eight weeks.

Industry lost Dow.DJI 0.58% for the week, closing Friday at 11,934.58, while the Nasdaq Composite.IXIC rose 1.39% for the week to end the 2,652.89. The Nasdaq is only slightly higher for the year, while the Dow and the S & P 500 both are still solidly in the black for 2011.

The next two weeks before the start of serious, quarterly earnings season may be marked by wild swings as those recently considered. Thursday, after a title to the Greece market, the & S P 500 posted his return stronger in almost a year, the days where the reference point fell more than 1%.

Its session low Thursday, the & S P 500 climbed more than 20 points in the fence. Swing covered Dow 233.79 points from its low intraday high session Thursday.

But buying interest waned Friday. Doubts about the transition to the Parliament in Athens of higher taxes and service cuts, weak Italian banks are also scaring investors.

The Federal Reserve on Wednesday gave a bleak outlook on the economy, down its forecast of growth of GDP in 2011 and 2012. And Chairman of the Fed Chairman Ben Bernanke has found it difficult to explain the sources of a said economic "soft patch" which seems to have become ubiquitous.

SUMMER STORM DATA

Also the weekly numbers of claims without employment, housing and manufacturing data will attract the most attention this week.

The index of S & P Case-Shiller April home prices Tuesday and the National Association of Realtors can index sale House Wednesday awaiting could confirm double dip of the housing market.

Activity of the plant grew in May to its slower pace since September 2009, according to the Institute for supply management, and Friday June ISM number should fall to 51.9, indicating a still slower rate of growth.

New applications for unemployment Thursday are expected to land over 400 000 for a 12th consecutive week, according to economists surveyed by Reuters.

Personal income and consumption, Monday, should move higher in May. Consumer confidence, on Tuesday by the Conference Board, predicted a reading of 60.5 June, just a touch less than 60.8 may, a survey Reuters showed. Despite a recent string of weak data in may, a sharp decline in crude oil prices is expected to buoy the confidence of consumers. (Wall St Week Ahead appears every Sunday.) Comments or questions about this column can be sent by email to: rodrigo.campos (at) thomsonreuters.com) (Reporting by Rodrigo Campos;) Other reports by Edward Krudy; (Editing by Jan Paschal)

Ready to compete in the wall of bulls worry (Reuters)

NEW YORK (Reuters) - a rebound may be maps for stocks this week as the bulls of defending a level key technical and portfolio managers buy winners of the quarter to support their books.

But earnings from defensive staples or other areas health care which exceeded the market in recent months only support the notion that the US stock market should complete its phase of correction and panic sale must be done before a more sustained return develops.

"We want to see more fear," said Ari Wald, strategist of fairness to Brown Brothers Harriman in New York.

Be careful that your desires.

The problems that have led the recent decline, including the slow March of the Greece to default on its debt, weak U.S. economic data and the rampant due to lift the ceiling of the U.S. debt, are far from resolved.

HOLDING THE 200 DAYS SHOWS THE WAY

Despite a drop in dragging the & S P 500 as 8.2% below its high success three years in early may, the index held above its 200-day moving average - a line in the sand as the bears and bulls major battle for control of market.

The slide had been telegram for the weeks and the performance by the market book - folding to a widely followed level - seems too well choreography to some analysts.

"The fact that we went 200-days... seems just a little too perfect,"said Marc Pado, U.S. Cantor Fitzgerald & Co in San Francisco market strategist.""

He said that the timing of the move was favourable, as the market creates a technical basis before resuming its move upward on the back of solid gains.

"You might get an attempt of a move of dust," said Pado. "But the majority is sometimes right."

Even if they are right, they seem not too convinced. So far in this quarter - being the first in the red for the S & P 500 in the last year, daily volume on the New York Stock Exchange, NYSE Amex and Nasdaq has average 7.22 billion shares.

It is to the bottom of the actions 7.94 billions of dollars traded every day during the first quarter, when the & S P 500 won 5.4%. Commitment to the market decreased. Frantic selling, flush to the bottom of the day traders appears to be absent up to now in this corrective phase.

Despite the holding above this level, the market has not removed the danger zone of dipping in its 200-day average. The curve has a steep slope, the & S P 500 took about two years to check an advance of 100 per cent of its March 2009 low.

The 200 day moving average is$ 1,263.47, less than 0.4% below the S & P 500 Friday closing.

"Whenever you test a resistance or support level, make you smaller," said Nicholas Colas, chief strategist of the New York ConvergEx Group market. "It's almost like a piece of metal." Each time that you hit, it grows more fragile, and that is why people are really concerned about the third or fourth time. »

After three consecutive days of decline, the & S P 500 declined 0.24% for the week and finished Friday at 1, 268. 45 - its seventh decline in the last eight weeks.

Dow industrial (.)(DJI) lost 0.58% for the week, closing Friday at 11,934.58, while the Nasdaq Composite (.)(IXIC) rose 1.39% for the week to end the 2,652.89. The Nasdaq is only slightly higher for the year, while the Dow and the S & P 500 both are still solidly in the black for 2011.

The next two weeks before the start of serious, quarterly earnings season may be marked by wild swings as those recently considered. Thursday, after a title to the Greece market, the & S P 500 posted his return stronger in almost a year, the days where the reference point fell more than 1%.

Its session low Thursday, the & S P 500 climbed more than 20 points in the fence. Swing covered Dow 233.79 points from its low intraday high session Thursday.

But buying interest waned Friday. Doubts about the transition to the Parliament in Athens of higher taxes and service cuts, weak Italian banks are also scaring investors.

The Federal Reserve on Wednesday gave a bleak outlook on the economy, down its forecast of growth of GDP in 2011 and 2012. And Chairman of the Fed Chairman Ben Bernanke has found it difficult to explain the sources of a said economic "soft patch" which seems to have become ubiquitous.

SUMMER STORM DATA

Also the weekly numbers of claims without employment, housing and manufacturing data will attract the most attention this week.

The index of S & P Case-Shiller April home prices Tuesday and the National Association of Realtors can index sale House Wednesday awaiting could confirm double dip of the housing market.

Activity of the plant grew in May to its slower pace since September 2009, according to the Institute for supply management, and Friday June ISM number should fall to 51.9, indicating a still slower rate of growth.

New applications for unemployment Thursday are expected to land over 400 000 for a 12th consecutive week, according to economists surveyed by Reuters.

Personal income and consumption, Monday, should move higher in May. Consumer confidence, on Tuesday by the Conference Board, predicted a reading of 60.5 June, just a touch less than 60.8 may, a survey Reuters showed. Despite a recent string of weak data in may, a sharp decline in crude oil prices is expected to buoy the confidence of consumers.

(Reporting by Rodrigo Campos;) Other reports by Edward Krudy; (Editing by Jan Paschal)

Bulls ready to charge into the wall of worry

Traders work on the floor of the New York Stock Exchange on June 10, 2011.

Credit: Reuters/Brendan McDermidBy Rodrigo Campos

NEW YORK | Sun June 26, 2011 12: 13 EDT

NEW YORK (Reuters) - a rebound may be maps for stocks this week as the bulls of defending a level key technical and portfolio managers buy winners of the quarter to support their books.

But earnings from defensive staples or other areas health care which exceeded the market in recent months only support the notion that the US stock market should complete its phase of correction and panic sale must be done before a more sustained return develops.

"We want to see more fear," said Ari Wald, strategist of fairness to Brown Brothers Harriman in New York.

Be careful that your desires.

The problems that have led the recent decline, including the slow March of the Greece to default on its debt, weak U.S. economic data and the rampant due to lift the ceiling of the U.S. debt, are far from resolved.

HOLDING THE 200 DAYS SHOWS THE WAY

Despite a drop in dragging the & S P 500 as 8.2% below its high success three years in early may, the index held above its 200-day moving average - a line in the sand as the bears and bulls major battle for control of market.

The slide had been telegram for the weeks and the performance by the market book - folding to a widely followed level - seems too well choreography to some analysts.

"The fact that we went 200-days... seems just a little too perfect,"said Marc Pado, U.S. Cantor Fitzgerald & Co in San Francisco market strategist.""

He said that the timing of the move was favourable, as the market creates a technical basis before resuming its move upward on the back of solid gains.

"You might get an attempt of a move of dust," said Pado. "But the majority is sometimes right."

Even if they are right, they seem not too convinced. So far in this quarter - being the first in the red for the S & P 500 in the last year, daily volume on the New York Stock Exchange, NYSE Amex and Nasdaq has average 7.22 billion shares.

It is to the bottom of the actions 7.94 billions of dollars traded every day during the first quarter, when the & S P 500 won 5.4%. Commitment to the market decreased. Frantic selling, flush to the bottom of the day traders appears to be absent up to now in this corrective phase.

Despite the holding above this level, the market has not removed the danger zone of dipping in its 200-day average. The curve has a steep slope, the & S P 500 took about two years to check an advance of 100 per cent of its March 2009 low.

The 200 day moving average is$ 1,263.47, less than 0.4% below the S & P 500 Friday closing.

"Whenever you test a resistance or support level, make you smaller," said Nicholas Colas, chief strategist of the New York ConvergEx Group market. "It's almost like a piece of metal." Each time that you hit, it grows more fragile, and that is why people are really concerned about the third or fourth time. »

After three consecutive days of decline, the & S P 500 declined 0.24% for the week and finished Friday at 1, 268. 45 - its seventh decline in the last eight weeks.

Dow industrial lost 0.58% for the week, closing Friday at 11,934.58, so that the Composite Nasdaq rose 1.39% for the week to end the 2,652.89. The Nasdaq is only slightly higher for the year, while the Dow and the S & P 500 both are still solidly in the black for 2011.

The next two weeks before the start of serious, quarterly earnings season may be marked by wild swings as those recently considered. Thursday, after a title to the Greece market, the & S P 500 posted his return stronger in almost a year, the days where the reference point fell more than 1%.

Its session low Thursday, the & S P 500 climbed more than 20 points in the fence. Swing covered Dow 233.79 points from its low intraday high session Thursday.

But buying interest waned Friday. Doubts about the transition to the Parliament in Athens of higher taxes and service cuts, weak Italian banks are also scaring investors.

The Federal Reserve on Wednesday gave a bleak outlook on the economy, down its forecast of growth of GDP in 2011 and 2012. And Chairman of the Fed Chairman Ben Bernanke has found it difficult to explain the sources of a said economic "soft patch" which seems to have become ubiquitous.

SUMMER STORM DATA

Also the weekly numbers of claims without employment, housing and manufacturing data will attract the most attention this week.

The index of S & P Case-Shiller April home prices Tuesday and the National Association of Realtors can index sale House Wednesday awaiting could confirm double dip of the housing market.

Activity of the plant grew in May to its slower pace since September 2009, according to the Institute for supply management, and Friday June ISM number should fall to 51.9, indicating a still slower rate of growth.

New applications for unemployment Thursday are expected to land over 400 000 for a 12th consecutive week, according to economists surveyed by Reuters.

Personal income and consumption, Monday, should move higher in May. Consumer confidence, on Tuesday by the Conference Board, predicted a reading of 60.5 June, just a touch less than 60.8 may, a survey Reuters showed. Despite a recent string of weak data in may, a sharp decline in crude oil prices is expected to buoy the confidence of consumers.

(Reporting by Rodrigo Campos;) Other reports by Edward Krudy; (Editing by Jan Paschal)

Avoiding any facts home ready (The Australian)

Home borrowers have a sheet to a page describing their monthly mortgage payments and how they can shop loan best of new banking reforms, today unveiled.

Cool output, which can be executed in thousands, are also prohibited from 1 July 2011, and the Australian competition and Consumer Commission will have the power to investigate price collusion between banks.

The Federal Government has also promised to spend another $ 4 billion on residential, mortgage-backed securities to help small lenders, taking 20 billion investment in non-banking players since the beginning of the global financial crisis.

In another development, former Governor of the Reserve Bank Bernie Fraser will conduct a study on how technology can be channelled to make it easier for consumers to move between deposit accounts and mortgages.

To stimulate competition in the market ready, credit unions and building societies be first authorized to issue covered bonds.

The Government has also promised to accelerate the development of a market for residential mortgage-backed securities "ball" small lenders.

These products can be paid off the coast at the beginning, so that they can be sold as an investment in long-term fixed-income securities as a means of giving small actors mortgage a new revenue stream.

Treasurer Wayne Swan is due to hold a press conference at noon explaining the long-awaited reforms.

Lenders must publish a sheet that how a borrower would in fact pay back for the duration of the once mortgage costs and interests are taken into account.

The reform would make it easier to compare between lenders mortgage borrowers.

The card list of Web sites for consumers can compare mortgages.

Labour promised to adopt a law to prohibit fees from the output of July 2011.

While developed ANZ scrap these costs in November, the big banks charge up to $900 while some small request banking, lending up to $7300 borrowers for the privilege of switching of a loan.

The Government asserts that the Australian Securities and Investments Commission would banks before the courts if they tried to lock a loan borrowers before the entry into force of the ban on exit tax.

When it comes to anti-competitive practices, the ACCC will have the power to continue signalling to competitors, through the media, bank executives would follow their competitors if they have lifted their lending rates.