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TOKYO : Tokyo Commodity Exchange (TOCOM) couldn’t sustain gains on the basis of positive China PMI data and perhaps eyes the US initial jobless claims data & US consumer confidence data to be released later today.
The benchmark Tokyo Commodity Exchange rubber contract for April delivery was down -2.4 yen at 256.6 yen per kilogram as of 20.45 JST on November 1, 2012, after ending October with a 2.1 percent monthly decline.
Commodities ended October with the steepest decline in five months as a shaky global economy countered the impact of U.S. stimulus steps.
Ivory Coast’s natural rubber exports totalled 199,277 tons from January to September, up around 15 percent from a year earlier, due to the resumption of exports after a months-long interruption last year during a violent post-election crisis, provisional port data showed on Wednesday.
The Euro and commodity currencies got off to a steadier start on Thursday following a choppy session overnight that saw Wall Street end flat after a two-day closure due to Hurricane Sandy.
On Wednesday, Brent December crude oil fell 38 cents to settle at $108.70 per barrel. For the month, Brent fell 3.2 percent. U.S December crude rose 56 cents to settle at $86.24 a barrel, but stumbled 6.5 percent in October.
Source: Rubber Country
