RUBBER-Japan futures climb for 5th session after Fed cuts interest rates
TOKYO, Dec 11 (Reuters) -
Japanese rubber futures climbed on Thursday, marking a fifth straight session of gains after the U.S. Federal Reserve cut interest rates as expected, with hopes for further easing, while stronger Shanghai prices also lent support.
The Osaka Exchange (OSE) rubber contract for May delivery JRUc6, 0#2JRU: was up 0.5 yen, or 0.15%, at 330.9 yen ($2.1) per kg as of 0230 GMT.
The rubber contract on the Shanghai Futures Exchange (SHFE) for May delivery SNRv1 rose 85 yuan, or 0.56%, to 15,275 yuan ($2,163) per metric ton.
A sharply divided Federal Reserve cut interest rates on Wednesday but signalled borrowing costs are unlikely to drop further in the near term as it awaits clarity on the direction of a job market showing signs of softening, inflation that "remains somewhat elevated" and an economy it sees picking up steam next year.
A Fed rate cut could boost rubber demand by raising consumption.
The World Bank on Thursday said China's economy held firm in the third quarter of 2025, bringing year-to-date GDP growth to 5.2% year on year.
China's consumer price index (CPI) rose 0.7% year-on-year in November, a 21-month high, while the producer price index fell 2.2% year-on-year as factory-gate deflation deepened.
Oil rose for a second straight session on Thursday after the U.S. seized a sanctioned oil tanker off Venezuela’s coast, escalating tensions between the two countries and raising concern over further supply disruptions. O/R
The yen JPY= was at 155.51 against the U.S. dollar, compared with 156.69 yen in late Wednesday Asia trade.
A stronger currency makes yen-denominated assets less affordable to overseas buyers. FRX/
Japan's Nikkei share average .N225 reversed early gains to inch down on Thursday. .T
The front-month rubber contract on Singapore Exchange's SICOM platform for January delivery STFc1 last traded at 173.4 U.S. cents per kg, up 0.6%.
($1 = 7.0609 Chinese yuan renminbi)
($1 = 155.5400 yen)
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