Rubber Climbs to Pare Quarterly Slump as Growth Concern Eases
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Rubber advanced, paring a quarterly decline, after U.S. initial jobless claims fell more than estimated and German lawmakers backed an enhanced euro-region rescue fund, easing concern that the global recovery may stall.
March-delivery rubber gained as much as 3.9 percent to 313.3 yen a kilogram ($4,087 a metric ton) before settling at 310.8 yen on the Tokyo Commodity Exchange. The most-active contract has dropped 15 percent this quarter, extending the second quarter’s loss of 15.6 percent.