IRCo's DCP and rubber prices on both rubber futures and physical markets in the region rebounded slightly from the previous week because of short covering on rubber futures.
Asian stock markets were on an upward trend during the week as steady private investment and consumer spending lent support for emerging market economies to move forward even though the People's Bank of China decided to raise 0.5 percentage point in the reserve requirement ratio on Thursday. The new reserve requirement ratio will be 21%, effective from 18 May.
Meanwhile, weak performance of European corporations and concern about sovereign debts in the euro bloc still outweighed European shares. Wall Street also ended the week lower than an earlier Friday due mainly to concern about persistent financial crises in Europe, especially in Greece, and tighter Chinese monetary policy.
Global foreign exchange markets were influenced by movement of the common currency throughout the week in the wake of Greece's debt crisis, while the Japanese yen, Thai baht, Indonesian rupiah, and Malaysian ringgit were rather steady.
(Source: http://www.irco.biz/MarketWise.php)
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