Oil Rises From Seven-Day Low on Expectation That Gasoline Inventories Fell

(Bloomberg) -- Crude oil rose from a seven-day low on expectation U.S. gasoline stockpiles fell last week as refiners shut units for repairs.

Gasoline stockpiles probably fell for a 12th week as fires and breakdowns hampered refiners' efforts to store fuel for summer, according to a Bloomberg News survey of analysts. Concern that supplies from Nigeria may be disrupted increased after six Chevron Corp. foreign oil workers were kidnapped and an oil field producing 15,000 barrels a day was shut.


Read more at Bloomberg Energy News

Schroders Says First-Quarter Pretax Profit Rises 30 Percent on New Money

(Bloomberg) -- Schroders Plc, the largest London- based publicly traded fund manager, said first-quarter pretax profit increased 30 percent as it concentrated on attracting mutual fund clients, who pay higher fees.

Pretax profit rose to 93.2 million pounds ($186.4 million) from 71.4 million pounds in the year-earlier period, Schroders said in a statement today. Funds under management rose 3 percent to 132.3 billion pounds at the end of March, from 128.5 billion pounds three months before, the 204-year-old company said.


Read more at Bloomberg Stocks News

Saudi Arabia's Crude Oil Production Steady, Crown Prince Abdelaziz Says

(Bloomberg) -- Saudi Arabia, the world's largest oil producer, is pumping between 8.5 million and 8.6 million barrels of oil a day, the Middle East nation's Crown Prince Sultan bin Abdelaziz al-Saud said in Riyadh today.

The country produced 8.5 million barrels of oil a day in March, according to Bloomberg estimates.


Read more at Bloomberg Energy News

GLOBAL MARKETS-Euro hits yen record, holidays mute stocks

(Reuters) - May Day holidays shut most European bourses along with Hong Kong, South Korea, India, Singapore, Malaysia and Thailand. Chinese trading was closed for the country's Golden Week.

The Turkish lira and shares, which were rattled on Monday, fell more than one percent early on before stabilising as investors, worried by a political crisis, awaited a court ruling on a challenge to the presidential election process.


Read more at Reuters.com Bonds News

Cemex, NRW.Bank, Network Rail, Oakwood to Sell Debt: European Bond Alert

(Bloomberg) -- The following is a list of bond sales denominated in euros or pounds and expected in the coming days and weeks.

Investment-Grade Sales


Read more at Bloomberg Bonds News

Indonesian Stocks Rise After Consumer Prices Slow in April; Danamon Gains

(Bloomberg) -- Indonesian stocks rose after consumer prices fell in April from a month ago, raising expectations the nation's central bank will have room to lower interest rates. PT Bank Danamon Indonesia and PT Bank Niaga advanced.

PT Bumi Resources and PT Timah jumped after reporting first- quarter earnings surged, while PT United Tractors and PT Indocement Tunggal Prakarsa declined after reporting first-quarter earnings fell.


Read more at Bloomberg Stocks News

Indonesia's April Inflation Rate Slows to 6.3 Percent as Food Prices Fall

(Bloomberg) -- Indonesia's inflation slowed in April, as prices of food products including rice fell.

Consumer prices rose 6.3 percent from a year earlier, compared with 6.5 percent in March, according to the Central Statistics Bureau. That's lower than median 6.5 percent forecast of 21 economists surveyed by Bloomberg.


Read more at Bloomberg Emerging Markets News