Oil falls after the earthquake, in the Japan the Saudi crackdown

The Saudi police form a point of control, inspection of the cars near the site where a demonstration should be held in the capital Riyadh Sauid Friday. Photo: AP

Brent crude in London fell $ 3 to $112.39 at noon while in New York oil crude withdraw less than $100 a barrel as traders bet that a huge earthquake in the Japan would reduce imports of crude oil in the country.

"Demand for oil [at Japan] could be lower, at least temporarily, because of the earthquake," said Commerzbank analyst Carsten Fritsch.

"After China and the United States, Japan is third largest consumer of commodities in the world and is dependent on imports for almost all products."

The largest earthquake to hit the Japan since the beginning of the records 140 years ago struck the northeast coast, triggering a 30-foot high tsunami that swept away everything in its path, including homesboats, cars and farm buildings.

Future crude also fell as Saudi Arabia launched a security operation mass in a show threatening force to deter the demonstrators of a planned "Day of Rage" to insist that the democratic reforms in the largest exporter of oil in the world.

Illegal demonstrations were to start after Muslim Friday prayers at noon, but as the mosques emptied were there no sign of gatherings, with men of security staffing positions of control in key locations in several cities.

OPEC Friday warned that prices could curb demand later this year, as oil cartel only slightly improved its estimate of growth in world demand for 2011.

The Organization of petroleum exporting countries said that it was raturés in the growth of global oil demand of 1.44 m barrels per day (BPD), or 1. 67pc to 87,83 m barrels this year. That represents only a revision to the marginal increase of 1. 62pc.

Gold was on track for its biggest weekly decline since early January, down $30 since hitting a lifetime of high $1,444.40 an ounce troy Monday. Spot or a $units an ounce in London in early afternoon trade.

"Gold is trading oil offshore, but helps the earthquakes and the tensions in the Middle East to the Japan, said Andrey Kryuchenkov, an analyst at the Capital of VTB." Markets are also nervous with a day of rage in Saudi Arabia. »

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Slip of gold and oil after the earthquake in the Japan

The Saudi police form a point of control, inspection of the cars near the site where a demonstration should be held in the capital Riyadh Sauid Friday. Photo: AP

Brent crude in London fell $ 3 to $112.39 at noon while in New York oil crude withdraw less than $100 a barrel as traders bet that a huge earthquake in the Japan would reduce imports of crude oil in the country.

"Demand for oil [at Japan] could be lower, at least temporarily, because of the earthquake," said Commerzbank analyst Carsten Fritsch.

"After China and the United States, Japan is third largest consumer of commodities in the world and is dependent on imports for almost all products."

The largest earthquake to hit the Japan since the beginning of the records 140 years ago struck the northeast coast, triggering a 30-foot high tsunami that swept away everything in its path, including homesboats, cars and farm buildings.

Future crude also fell as Saudi Arabia launched a security operation mass in a show threatening force to deter the demonstrators of a planned "Day of Rage" to insist that the democratic reforms in the largest exporter of oil in the world.

Illegal demonstrations were to start after Muslim Friday prayers at noon, but as the mosques emptied were there no sign of gatherings, with men of security staffing positions of control in key locations in several cities.

OPEC Friday warned that prices could curb demand later this year, as oil cartel only slightly improved its estimate of growth in world demand for 2011.

The Organization of petroleum exporting countries said that it was raturés in the growth of global oil demand of 1.44 m barrels per day (BPD), or 1. 67pc to 87,83 m barrels this year. That represents only a revision to the marginal increase of 1. 62pc.

Gold was on track for its biggest weekly decline since early January, down $30 since hitting a lifetime of high $1,444.40 an ounce troy Monday. Spot or a $units an ounce in London in early afternoon trade.

"Gold is trading oil offshore, but helps the earthquakes and the tensions in the Middle East to the Japan, said Andrey Kryuchenkov, an analyst at the Capital of VTB." Markets are also nervous with a day of rage in Saudi Arabia. »

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The Japan earthquake: firms affected by the disaster

Catlin group

Share price since the earthquake 9 21pc

Insurancesector

Reason The likely impact of the Japanese earthquake at the top of the loss of 125 m $, the insurer is expected to be taken by the New Zealand earthquake last month made Catlin of the biggest fallers.

Burberry Group

Share price since the earthquake 9 2pc

Sector Luxury products

Reason The company was affected by concerns that demand for luxury products is likely to fall following the earthquake in the Japan.

Beazley

Share price since the earthquake 8 81pc

Sector Insurance

Reason Yet to make a statement on the impact of the disaster in Japanese, the price of the shares was overthrown by General fears of the market of the effect it will have on the earnings of the insurer.

AMEC

Share price since the earthquake 7 97pc

Sector Energy

Reason Explosions at a Japanese nuclear facility have led to fears that it may disrupt the plan of the United Kingdom for the construction of 11 new nuclear power plants, Amec project was supposed to advise on.

Chaucer

Share price since the earthquake 7 36pc

Sector Insurance

Reason Specialist insurance for nuclear power plants, the company does not provide commercial interruption coverage the Japan, but he said that it is too early to estimate losses.

InterContinental Hotels Group

Share price since the earthquake 7 34pc

Sector Hotels

Reason ANA Holiday Inn company, Sendai was closed to new reservations, while its nearest property of the Fukushima Daiichi nuclear power is always deemed to be safe. IHG said that he maintained a watch on the situation "close" to Fukushima.

BP

Share price since the earthquake 6 97pc

Sector Energy

Reason The earthquake led to a fall in the price of oil, which has added to the pressure on the prices of the shares of the company.

Aviva

Share price since the earthquake 6 77pc

Sector Insurance

Reason The price of the shares was struck by the fear of general market on the exposure of insurers tens of billions of pounds of claims should result in the earthquake.

GKN

Share price since the earthquake 5 62pc

Sector Industrial

Reason The car parts manufacturer and the aircraft has said that it will have to reduce production as some Japanese customers will be unable to take delivery of its products. GKN FP7 sales come from the Japan, and Mitsubishi and Nissan are among its biggest customers.

IMI

Share price since the earthquake 4 14pc

Sector Industrial

Reason As a provider of safety valves for the industry of energy, including nuclear power plants, the potential collapse of three of the nuclear facilities of the Japan has led to concerns the impact on the IMI market.

ARM Holdings

Share price since the earthquake 2 5pc

Sector Technology

Reason Japan represents about 20pc of overall semiconductor production and the concerns of the potential disruption of supplies and its impact on the income of royalty for the arms, which designs chips used in most of the smart phones of the worldhas led to a fall in its shares.

Berkeley resources

Share price since the earthquake 37 63pc

Sector Energy

Reason Shares of the minor of uranium have seen the most spectacular fall of any society, as the market weighed up to the likely impact of a comprehensive reassessment of the industry of nuclear energy following the nuclear disaster potential unfolding in three Japanese nuclear plants following the tsunami.

And the risers…

Aggreko

Share price since the earthquake 7 55pc

Sector Electricity production

Reason As one of the world's leading providers of mobile power generation, Aggreko should find strong demand for its services as Japanese authorities began to clarify the areas devastated by the tsunami.

BG Group

Share price since the earthquake 4 02pc

Sector Energy

Reason Days before the earthquake struck in the Japan, BG has signed an agreement with Tokyo to provide liquid natural gas for the next 20 years. With the nuclear crisis, the potential for alternative energy sources to the Japan is supposed to be growing.

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The Japan earthquake: market reaction

The earthquake triggered a 30-foot tsunami that swept away homes, crops, cars and boats. Photo: AFP

TAKUJI OKUBO, CHIEF ECONOMIST, SOCIETE GENERAL, TOKYO

"I think that we will see the production industry to suffer a loss of a day of output in March at the most and with the South almost intact, I think, even for manufacturers, the impact will be limited, that they are able to shift production to regions of the South."

"I don't think that is assigned to all annual growth rates." In 1995, after a quarter-on-quarter in quake Kobe growth amounted to 0.8 per cent, so annualization 3.6%, which is in fact strong enough. I think that we are probably talking here death reaching hundreds rather than thousands, as in 1995. »

VINCENT TSUI, AN ECONOMIST AT STANDARD CHARTERED BANK IN HONG KONG

"It is still too early to assess the damages that we still see replicas." We see a strong correction of the yen and the Bank of Japan may maintain his dovish political position at a meeting next week. In an era where the rise of world oil price hit the prospects for global economic recovery is highly dependent on the Japan, this development will impact on them to maintain a dovish stance on policy. »

TIM CONDON, CHIEF ECONOMIST FOR ASIA AT ING IN SINGAPORE

"The wisdom of crowds show that markets are very evil, but I was waiting for a clearer picture assess how it is." Some draw a parallel with the RBNZ [Reserve Bank of New Zealand] here and are expecting the Bank of the Japan to act, but I think that the Bank of the Japan is rather stingy in this matter is the Kobe earthquake. He is still too early to say if there will be continued selling in the stock markets. The construction sector could get a big boost from this. »

TSUTOMU YAMADA, MARKET ANALYST, KABU.COM SECURITIES

"The extent of the damage is difficult to say, but seems to be devastating to the economy of the North of the Japan." The Government must act quickly to announce the support packages and the Central Bank should pump more money into the economy. Some manufacturers have factories in quake-hit region and they will have to take on the challenges in the reconstruction of these facilities. "But it is more important that this earthquake could hinder the overall economy of the Japan that everything has begun to show positive signs."

MITSUSHIGE AKINO, FUND MANAGER, ICHIYOSHI INVESTMENT MANAGEMENT, TOKYO

"We don't always know what damage such as, but stocks will likely fall Monday, particularly shares in companies that have factories in the affected areas, but on the whole of the predatory use probably be of short duration." As during the Kobe earthquake in 1995, the reaction of the stock market be momentary, also because the epicentre was far from Tokyo, and it is not likely to affect the Japanese economy as a whole.

TSUYOSHI SEGAWA, EQUITY STRATEGIST, MIZUHO SECURITIES

"As I can see on television, Tokyo and the northern part of the Japan have been considerably damaged, which could cause the panic selling after the end of week." It is possible that the shares of some companies related to the construction ride as back in 1995 when we had the earthquake in Kobe. But we are still uncertain about the macroeconomic effects at this time for investors should not make assumptions and carefully assess the situation.

YASUO YAMAMOTO, SENIOR ECONOMIST, MIZUHO RESEARCH INSTITUTE, TOKYO

"We don't yet know the full scale of the damage, but in light of what happened after the earthquake in Kobe, which will certainly lead the Government to compile a budget emergency." The Government would have to sell bonds, but it is an emergency situation, so this cannot be avoided.

"Given where the interest rate of the Bank of the Japan reference is now, they can not really lower rates." The Bank of the Japan will focus on the provision of liquidity, possibly by the expansion of market operations. There are factories of automobile and semiconductor North of the Japan, there will be some economic impacts result damage to plants. We expect consumption to fall. This may temporarily lower gross domestic product. »

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