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TOCOM rubber futures lower in early April 2nd

Tokyo Commodity Exchange (TOCOM) rubber (15690, -20.00, -0.13%) futures prices on Wednesday (April 2) in early fall, due to the weak yen and the Japanese stock market to offset the decline in international oil prices has brought the bullish factors impact.

TOCOM rubber futures contract prices in September Wednesday (April 2) fell 0.7 yen at 233.8 yen / kg (0048GMT), while its closed 1.3 yen on Tuesday.

Bank of Japan (BOJ) on Wednesday’s quarterly Tankan survey report is expected in Japan in March consumer prices rose 1.5%, which also shows the price target or the Bank of Japan will be difficult to achieve.

Contact U.S. March factory activity accelerated growth in the second month, the substantial increase in its car sales in March, which is following the cold winter months, the U.S. economic recovery reproduce.

Asia and Europe, the slow growth of the manufacturing sector in the first quarter, but growth in the U.S. manufacturing sector remained relatively stable before the cold weather in North America shows that the impact of its activities in a controlled factory.

Bangkok, Thailand, Tuesday shooting incident which resulted in one death and four injuries, gunmen aimed at anti-government demonstrators in Thailand expelled out of Bangkok, Thailand, and this incident also led to several months of unrest even more tense.

Sanya City in the early weeks, the yen against the dollar traded around 103.68 yen, below the highs in three and a half years, is still shrouded in the market due to risk appetite and investors expected Chinese or the Japanese government will take measures to stimulate economic growth.

The Nikkei 225 index rose 0.8 percent on Wednesday, helped by U.S. stocks rose for a third day on Tuesday, the S & P 500 index closed at a record high.

U.S. stocks slipped on Wednesday, crude oil futures prices $ 99 / barrel, trading at a low level for nearly a week and a half years, because investors await the upcoming release of U.S. government oil inventory data, to assess the world’s largest importer of U.S. crude oil demand.

As the morning Beijing time on April 2, Tokyo Rubber reported 234.0 yen / kg, down 0.21 percent.

Translated by Google Translator from http://news.cria.org.cn/4/20023.html

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