Rubber futures and physical markets in the region were pulled down throughout the week as speculators on rubber futures took profits in the wake of a weak Japanese yen and easing crude oil futures amid concern about lingering radioactive leaks at Fukushima Daiichi nuclear power plant on Japan's northeastern coast.
Global stock markets mostly showed downward trends due mainly to concern about suspended corporate operations in persistent radioactive areas in Japan, the latest downward revision of the global economic growth by IMF, higher than expected Chinese inflation in March, Greece's debt burden, and a fall in oil prices.
On the global foreign exchange market, the greenback stood rather firm after the White House aimed to cut the U.S. deficit by US$ 4 trillion over 12 years. Meanwhile, the greenback fell against the Japanese yen after mixed U.S. data reaffirmed a likely continued course of loose U.S. monetary policy, according Dow Jones Newswires. In addition, the Thai baht, Indonesian rupiah, and Malaysian ringgit stood rather firm during the week.
(Source: http://www.irco.biz/MarketWise.php)
No comments:
Post a Comment