Tokyo Commodity Exchange (TOCOM) rubber (14,345, -235.00, -1.61%) futures on Wednesday (April 30) trading at the highest level for more than a week since, due to the Japanese stock market rose and the yen to weaken, but its contract price This month is expected to be down more than 10 percent, due to concerns over Chinese demand increases.
TOCOM rubber futures contract prices on Wednesday October rose 1.6 yen / kg, at 207.9 yen / kg (0024GMT), hit the highest level since April 18, but the contract price is expected to fall 10.8 percent this month.
TOCOM rubber October contract price rose 4.1 yen on Monday, TOCOM Tuesday due to Japan’s national holiday holiday.
Japanese government data released Wednesday showed that Japan’s March industrial output rose by 0.3%, which also shows that the consumption tax hike this month, Japan’s factory activity growth is relatively stable.
Public opinion research firm released the survey results show that Chinese manufacturing growth in April or picked up, because the Chinese government to take measures to promote economic development, but China’s economic slowdown trend will continue, because the real estate market cooled and Chinese industrial restructuring.
Chinese resource-dependent and heavy type province’s economic growth fell sharply in the first quarter, due to the Chinese government to promote productivity and reduce environmental pollution and other measures, which may be the recent Chinese economy remained weak reasons.
U.S. government data released on Tuesday showed U.S. consumer confidence index fell in April, but still near six-year highs. In addition, the United States in February S & P/CS20 major cities housing prices, not seasonally adjusted, show that the U.S. economy is gradually recovering from the effects of a cold winter’s.
Sanya City in the early weeks, the U.S. dollar against the yen traded around 102.55 yen, hovering at the bottom of a three-week high, the Bank of Japan because investors await the release of May this evening (BOJ) Minutes.
Wednesday’s session, the Nikkei 225 index rose 0.6 percent, boosted by Wall Street earlier this week the Japanese stock market upward atmosphere.
U.S. stocks of crude oil futures prices fell to $ 100 early Wednesday disk / barrel amid expectations that U.S. crude oil inventories to record levels, buying sentiment weighed on the market, while U.S. crude oil futures contract prices are expected to decline by 1% this month.
As at Beijing at 10:30 on April 30, Tokyo rubber reported 207.0 yen / kg, up 0.34%.
Translated by Google Translator from http://news.cria.org.cn/4/20512.html
