TOKYO, Nov 4 (Reuters) – Benchmark TOCOM rubber futures were heading for their first gain in four sessions on Friday, buoyed as Shanghai futures climbed overnight.
FUNDAMENTALS
The Tokyo Commodity Exchange rubber contract for April delivery JRUc6 0#2JRU: had risen 2.5 yen to 180.5 yen per kg by 0024 GMT, after settling down 5.1 yen on Wednesday.
The contract is set to post a decline of around 2 percent for the week.
Japanese markets were closed on Thursday for a public holiday.
MARKET NEWS
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The U.S. dollar was quoted around 103.13 yen JPY= , compared with around 103.57 yen on Wednesday afternoon before the holiday. USD/
Japan’s benchmark Nikkei stock average .N225 was down 1 percent. MKTS/GLOB
Zinc prices climbed to their highest level in more than five years on Thursday, supported by a weaker dollar and buying from computer-driven speculative funds that also helped copper to a three-month high.
MET/L
Oil prices settled down more than 1 percent on Thursday as investors reeled from a record weekly surge in U.S.crude inventories and remained sceptical about whether OPEC can actually implement its planned output cap.
DATA/EVENTS (GMT)
The following data is expected on Friday: (Time in GMT)
0850 France Markit services PMI Oct
0855 Germany Markit services PMI Oct
0900 Euro zone Markit services PMI final Oct
1000 Euro zone Producer prices Sep
1230 U.S. Nonfarm payrolls Oct
1230 U.S. Unemployment rate Oct
(Reporting by Osamu Tsukimori; Editing by Joseph Radford)
