Tocom rubber futures settle 0.2% higher after a day of slow, rangebound trade. Macroeconomic cues dominate Tocom trading as investors weigh the U.S. government’s ongoing partial shutdown against news that President Barack Obama will nominate Janet Yellen as Federal Reserve chairwoman.
A Bangkok-based trader tips continued rangebound trade Thursday, although any major moves in Shanghai rubber may nudge Tocom out of the Y260-Y265/kg band, he adds. Benchmark March rubber settles Y0.6 higher at Y264.8/kg, off the intraday high of Y265.5/kg.
Source: Dow Jones
