TOKYO: Tokyo rubber futures on Thursday rebounded from a one-month closing low in the previous session, boosted by a softer yen and stronger shares.
FUNDAMENTALS
* The benchmark Tokyo Commodity Exchange (TOCOM) rubber contract for June delivery <0#2JRU:> was up 2.9 yen, or 1.07 percent, at 275.2 yen ($2.64) per kg as of 0102 GMT. It fell 3.4 yen on Wednesday to its lowest close in around a month.
* The most active rubber contract on the Shanghai futures exchange for May delivery was up 0.27 percent, after dipping to a 5-month intraday low the session before.
* China’s economic growth is likely to come in at 7.6 percent this year, down slightly from 7.7 percent in 2012, the official Xinhua news agency quoted a report from the country’s Cabinet as saying.
* Japan’s three largest automakers posted record overseas output for the month of November in data released on Wednesday, buoyed by strong sales in the key China and U.S. markets.- Reuters
