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Wednesday, May 18, 2022

April 16: TOCOM rubber upstream

Tokyo Commodity Exchange (TOCOM) rubber (15145, 135.00, 0.90%) futures on Wednesday (April 16) further upstream, because of the Japanese stock market rose, the yen weakened and the world’s biggest rubber buyer China will release official today GDP data boosted market sentiment of glue.

TOCOM rubber futures contract prices in September rose 0.9 yen at 216.4 yen / kg (0025GMT), its price rose 1.5 yen on Wednesday.

Public opinion research firm survey results show that Chinese GDP data will be released today will hit the lowest value in five years, and this will lead to the world’s second-largest economy in the first quarter of this year the Chinese government introduced measures to steady growth.

According to the “Nikkei Sangyo Shimbun” (Nikkei business daily) reported that the Japanese government this month will not release its monthly economic report an overall assessment, taking into account just recently raised its consumption tax.

After the United States 3 seasonally adjusted consumer price index rose slightly, due to increased food and housing rental costs, which also indicates that the U.S. economic decline in inflation.

Sanya City in the early weeks, the dollar edged higher against the yen at 102.06 yen, but still non-performance of the advent of large market, investors will focus on GDP data due to the situation in Ukraine and the Chinese government released today.

Wednesday’s session, the Nikkei 225 index rose 1.7 percent, boosted by U.S. stocks rose overnight to buy Japanese stocks atmosphere.

U.S. benchmark price of Brent crude oil futures rose slightly on Tuesday, because the Ukrainian military lines to cause the situation in its eastern regions warming, but Libya’s crude oil exports increased by limiting their gains.

As of April 16 morning Beijing time 10:12, Tokyo Rubber reported 216.5 yen / kg, up 0.46 percent.

Translated by Google Translator from http://news.cria.org.cn/4/20258.html

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