Japan futures climb on Beijing stimulus bets; eyes on US election fallout
SINGAPORE, Nov 8 (Reuters) -
Japanese rubber futures climbed on Friday and were headed for a weekly rise, as bets of further stimulus from top consumer China outweighed the threat of a trade war from U.S. president-elect Donald Trump, while a weaker yen lent support.
The April Osaka Exchange (OSE) rubber contract JRUc6, 0#2JRU: was up 7.1 yen, or 1.93%, at 375.0 yen ($2.45) per kg as of 0215 GMT. The contract has gained 6.47% so far this week.
The January rubber contract on the Shanghai Futures Exchange (SHFE) SNRv1 rose 360 yuan, or 1.97%, to 18,590 yuan ($2,603.35) per metric ton. It is up 4.88% so far this week.
China's President Xi Jinping congratulated Trump on his U.S. presidential win and urged both nations to find the "right way to get along".
Chinese businesses are waiting to see if Trump makes good on his threat to impose tariffs of 60% or more on imports from China, which could kickstart a fresh trade war reminiscent of the one he waged during his 2017-2021 presidency.
Stocks in China opened higher and were set for their best week in a month as traders await fiscal stimulus some expect will be forceful in the face of Trump's tariff threats.
Investors are watching a key Beijing meeting concluding today that will include plans for additional government debt issuance.
The U.S. dollar ticked up 0.14% to 153.15 yen JPY=EBS, taking a breather from a wild week as markets weighed the impact of Trump's impending White House return and what that would mean for the U.S. economy and its rate outlook. USD/
A stronger currency makes yen-denominated assets less affordable to overseas buyers. FRX/
The front-month December rubber contract on Singapore Exchange's SICOM platform STFc1 last traded at 202.9 U.S. cents per kg, up 2.2%.
($1 = 153.0000 yen)
($1 = 7.1408 yuan)
Reporting by Gabrielle Ng; Editing by Sumana Nandy
Eng oxirgi yangiliklar
Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.
Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi
Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.