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15 June 2012: Tocom Rubber Settles Higher; Focus On Greek Polls

Tocom rubber futures settle 1.8% higher following overnight gains in the U.S. on signs central banks are planning coordinated moves to rescue the global economy, though there is caution ahead of the Greek election over the weekend. Traders say Tocom will likely take macroeconomic cues next week when trade resumes, with all eyes on the Greek polls; most peg resistance around Y250/kg. Benchmark November rubber settles Y4.4 higher at Y247.8/kg, off the intraday high of Y248.4/kg.

Source: Dow Jones

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« 15 June 2012: THAI GOVT HAS BOUGHT AROUND 5,000 TONNES OF RUBBER SO FAR FROM FARMERS, VERSUS 200,000 TONNES TARGET – OFFICIALS
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This entry was posted on Friday, June 15th, 2012 at 7:20 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.

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