Tocom rubber futures settle 1.0% higher after gaining as much as 4.1% intraday on signs central bankers in Europe and the U.S. may take extra steps to help aid the slowing global economy. Despite rain in the past month which has been limiting tapping in south Thailand, Tocom is likely to continue tracking external cues, with the focus on the euro-zone debt crisis in the next few weeks, says a trader in the country; he adds “investors are just too unnerved by the selloffs we have seen recently.” Benchmark November rubber settles Y2.4 higher at Y243.4/kg, off the intraday high of Y251/kg.

Source: Dow Jones

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