TOKYO, Nov 8 (Reuters) – Benchmark TOCOM rubber futures inched lower on Tuesday due to profit-taking after the dollar’s surge pushed the market to a six-month high a day earlier.
FUNDAMENTALS
The Tokyo Commodity Exchange rubber contract for April delivery JRUc6 0#2JRU: fell 0.4 yen to 186.7 yen per kg by 0001 GMT, after settling up 9.3 yen on Monday.
MARKET NEWS
The U.S. dollar continued to be firm and was quoted around 104.49 yen JPY= , compared with around 104.26 yen on Monday afternoon, after the FBI decided that U.S.Democratic presidential nominee Hillary Clinton will not face criminal charges.
Japan’s benchmark Nikkei stock average .N225 was up 0.4 percent at the open. MKTS/GLOB
Oil prices settled more than 1 percent higher on Monday,supported by news that U.S.Democratic presidential candidate Hillary Clinton will not face charges over her emails.
DATA/EVENTS (GMT)
The following data is expected on Tuesday: (Time in GMT)
n/a China Trade balance Oct
0700 Germany Industrial output Sept
0700 Germany Trade balance Sept
0745 France Current account Sept
0745 France Trade balance Sept
0930 Britain Industrial output Sept
1100 U.S. NFIB business optimism Oct
No exact timing for China trade data
(Reporting by Osamu Tsukimori; Editing by Richard Pullin)
