This entry was posted on Thursday, April 28th, 2011 at 8:08 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.
[Dow Jones] Tocom rubber futures settle 2.8% higher as the U.S. Federal Reserve”s commitment to retain its easy monetary policy buoys market sentiment, driving risk appetite up. Some profit-taking pared gains as investors exited the market ahead of the exchange closure Friday for a public holiday. Tocom will reopen Monday, but will be closed again from Tuesday to Thursday. Traders expect the bourse to take external cues Monday in slow trade. There may be also be some downside risk due to caution. The benchmark October rubber contract settles Y10.5 higher at Y389.1/kg, off the intraday high of Y394/kg.
Source: Dow Jones