Tokyo Commodity Exchange (TOCOM) rubber (15855, 495.00, 3.22%) futures prices on Thursday (July 24) rose as investors expected the world’s biggest rubber buyer, Chinese manufacturing data for the better, in addition, crude oil higher prices also boosted sentiment on the market to buy gum.
TOCOM rubber futures prices Thursday December contract rose 1.5 yen (0.7%) at 203.1 yen / kg (0035GMT), while its price fell Wednesday.
Market expectations China July HSBC manufacturing purchasing managers index for the better, this data also indicates that China will gradually return to economic growth.
Japanese Finance Ministry data released today showed the country’s exports in June fell the second consecutive month, down 2.0%, exceeding market expectations, which also led to concerns about weak foreign demand may continue to drag on the country’s economic recovery.
Crude oil futures prices rose on Wednesday as U.S. crude oil inventories fell more than expected, while continuing tensions in the Middle East and the situation in Eastern Europe.
Asian city early Thursday, the dollar was quoted 101.54 yen, compared with slightly higher Wednesday as the market worried about the situation in the Middle East and Ukraine increased safe-haven demand for money that strong yen.
The Nikkei 225 index in Asia on Thursday rose 0.11 percent in early trade.
As of July 24 Beijing time 10:27 am, Tokyo Rubber reported 203.3 yen / kg, up 0.84%.
Translated by Google Translator from http://news.cria.org.cn/4/22213.html
