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Rubber futures rise to six-day high on U.S. stimulus measures

Posted on 29 January 2009

From Bloomberg: Natural rubber futures advanced to a six-day high in Tokyo, on optimism that U.S. stimulus measures will help ease the global economic recession and boost demand for the raw material used to make car tires.

The commodity rebounded from yesterday’s 1.6 percent slide, gaining as much as 2.7 percent to the highest price since Jan. 21. The gain followed equity market surges in Asia and U.S. …. Full Article: Source


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VRS - who has written 37629 posts on Opalesque Commodities Briefing.


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