U.S. non-farm payrolls and unemployment data on Friday after the European Central Bank cut interest rates ignited the enthusiasm of the financial markets, on the LME rose 6.3%, the U.S. crude oil rose 1.7%, U.S. stocks rose 1.1% a record high, the German stock market 2% to a record high . Domestic aspects of urbanization has been a clear timetable: this year there will be the introduction of rules, which also helps boost the futures market in the second half of the year.
Side of the industry heavy truck sales in April year-on-year increase of 30% have a positive resonance with the macro side, good expectations and oversold retaliatory rebound effect the Shanghai rubber multiple contract on Friday daily limit. Shanghai rubber after nearly five months nearly fell, the recent bottoming rebound, the industry today face high inventory, purchasing and storage, as well as downstream demand has picked up still constraints Shanghai rubber trend, but markedly over the recent bullish dominant.
The Shanghai rubber has exceeded pre-shock area, last week continue to hold more than a single operation, the first goal is tentatively scheduled to last upward gap 20350, after the break to see a 21000-bit integer, and the previous low.
Translated by Google Translator from http://news.cria.org.cn/4/14316.html
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