TOKYO: Japanese rubber futures rose on Monday as an upbeat US payrolls report and China’s October exports data which beat forecasts boosted optimism for the global economy and raised risk appetite among investors.
Osaka Exchange’s rubber contract for April delivery finished 1.7 yen, or 0.8%, higher at 221.3 yen ($2.0) per kg.
US employment increased more than expected in October as the headwind from the surge in COVID-19 infections over the summer subsided, offering more evidence that economic activity was regaining momentum early in the fourth quarter.
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