TOKYO, Sept 13 (Reuters) – Benchmark TOCOM rubber futures edged up on Tuesday after a decline of nearly 4 percent a day earlier, but gains were limited by a stronger yen against the dollar.
The Tokyo Commodity Exchange rubber contract for February delivery JRUc6 0#2JRU: rose 1.4 yen to 154.4 yen per kg by 0021 GMT, but remained near a 1-1/2 week low. The benchmark contract settled down 5.8 yen, or 3.7 percent, on Monday, the biggest percentage decline in two months, as a slump in global equities dampened investors’ risk appetite.
The U.S. dollar was quoted around 101.72 yen JPY= , compared with around 102.25 yen on Monday afternoon. FRX/
Japan’s benchmark Nikkei stock average .N225 was up 0.6 percent. MKTS/GLOB
Oil prices ended nearly 1 percent higher on Monday as a softer dollar and stronger U.S.equity markets helped crude futures rebound from an early drop pressured by worries about increased drilling activity for oil in the United States.
The following data is expected on Tuesday: (Time in GMT)
0900 Euro Zone Employment Q2
1000 U.S. NFIB Business Optimism Aug
1255 U.S. Redbook weekly
(Reporting by Osamu Tsukimori; Editing by Ed Davies)