FUNDAMENTALS
* The key Tokyo Commodity Exchange rubber contract for January delivery <0#2JRU:> was down 0.1 yen at 219.1 yen as of 0106 GMT. The benchmark contract earlier fell as low as 217.5, down 0.8 percent.
* Crude rubber inventories at Japanese ports dropped 961 tonnes over the 11 days to July 31 to 9,308 tonnes, the lowest level since Sept 10, 2011, data from the Rubber Trade Association showed.
* China is scheduled to report its July trade data on Friday, with commodity imports expected to decline for the second consecutive month.
* For the top stories in rubber market and other news, click , or
MARKET NEWS
* U.S. crude futures held steady above $93 a barrel on Friday on hopes for more stimulus moves from major economies such as China and helped by tight crude supply from the North Sea.
* The euro remained down slightly at $1.2296 but well above an overnight low of $1.2266 and a more than two-year low of $1.2042 hit last month.
* Japan's Nikkei share average dropped at Friday's open on a lack of fresh positive catalysts after a four-day rally spurred by hopes for global stimulus and as the end of a disappointing earnings season shifted focus to economic indicators.
* The Dow Jones industrial average slipped 10.45 points, or 0.08 percent, to 13,165.19 at the close. But the Standard & Poor's 500 Index inched up 0.58 of a point, or 0.04 percent, to 1,402.80. The Nasdaq Composite Index gained 7.39 points, or 0.25 percent, to close at 3,018.64.
DATA EVENTS
* The following data is expected on Thursday: (Times in GMT) - China Exports - China Imports - China Trade balance - 0430 Japan Industrial output revised - 0645 France Industrial output - 1230 U.S. World agricultural supply and demand estimates - 1230 U.S. Import/export prices for July - 1400 U.S. Philadelphia Fed quarterly survey - 1800 U.S. Federal budget for July (Reporting by Aaron Sheldrick; Editing by Joseph Radford)
Source:
Posts
0 comments