TOKYO, Nov 7 (Reuters) – Benchmark TOCOM rubber futures was up nearly 2 percent in early Monday trading as the dollar’s strength against the yen supported the market.
FUNDAMENTALS
The Tokyo Commodity Exchange rubber contract for April delivery JRUc6 0#2JRU: rose 3.1 yen to 180.9 yen per kg by 0027 GMT, after settling down 0.2 yen on Friday.
Ivory Coast’s natural rubber exports totalled 360,909 tonnes in the first nine months of the year, up more than 16 percent from the same period of 2015, provisional port data showed on Friday.
MARKET NEWS
The U.S. dollar was quoted around 104.04 yen JPY= , compared with around 103.08 yen on Friday afternoon. USD/
Japan’s benchmark Nikkei stock average .N225 was up 1.3 percent. MKTS/GLOB
U.S. oil prices were up around 32 cents at $44.39 a barrel on Monday after falling 59 cents on Friday. O/R
DATA/EVENTS (GMT)
The following data is expected on Monday: (Time in GMT)
0700 Germany Industrial orders Sep
0930 Euro zone Sentix index Nov
1000 Euro zone Retail sales Sep
1500 U.S. Employment trends Oct
(Reporting by Osamu Tsukimori; Editing by Michael Perry)
