This entry was posted on Friday, December 11th, 2009 at 8:22 pm and is filed under Rubber News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
BANGKOK, Dec 11 (Reuters) – Tokyo rubber futures rose on
Friday, climbing 1.3 percent due to a lower Japanese yen and a
slight recovery in oil, dealers said.
* The benchmark rubber contract on the Tokyo Commodity
Exchange <0#JRU:> rose 3.2 yen, or 1.3 percent, to settle at
247.0 yen ($2.79) per kg.
* The yen lost ground while the dollar held steady, supported
by firmer stock markets and a rise in sterling after Moody’s
analysts said there was no threat to the ratings of the UK and
United States at the moment. [ID:nTOE5BA045] At 0705 GMT, the yen
was at 88.75 per dollar.
* Gold rose above $1,130 an ounce as the dollar steadied
after snapping a four-day losing streak the day before, when
investors returned to buy bullion following its fall from record
highs hit last week. [ID:nTOE5B8051]
* Oil stayed above $70 a barrel on the back of solid
industrial growth in China, after falling for the seventh
straight session on Thursday on concern over global oversupply.
[ID:nSP395010]
* Dealers said rises in other commodities, especially gold
and oil prices would help push TOCOM prices higher next week.
($1=88.68 Yen)
Source: Reuters