Tokyo Commodity Exchange (TOCOM) rubber futures on Tuesday (September 2) in early decline, because the market for the world’s largest buyer of copper increase the impact of China’s economic growth worries offset weakness in Japanese stocks and the yen brought upward.
TOCOM rubber futures contract prices in February fell 0.5 yen Tuesday, at 195.9 yen / kg (0015GMT), its price fell 1.9 yen Monday.
Chinese manufacturing expansion slowed in August, due to slow growth in domestic and foreign demand, which also led to speculation that the Chinese government will take more measures to promote economic growth.
Sources said the meeting held on Thursday, the Bank of Japan (BOJ) decided to maintain the current stimulus, while its Japanese economic situation optimistic.
Japanese Prime Minister Shinzo Abe’s economic adviser said on Monday, the Japanese government is expected to be a year and a half later and again in 2017 to raise the consumption tax, the impact of its first increase in the consumption tax to the economy caused by exceeding expectations.
Asian city early Tuesday, the dollar against the yen hovered near one-week high at 104.34 yen, due to leave the United States to limit market activities.
The Nikkei 225 index to rise 0.3 percent on Tuesday.
U.S. Brent crude oil futures prices fell on Monday, due to slow growth in Europe and China manufacturing, and sufficient supply of crude oil.
As Beijing September 2 at 10:14 am, Tokyo Rubber reported 198.5 yen / kg, up 1.07 percent.
Translated by Google Translator from http://news.cria.org.cn/4/23069.html
