Japanese Rubber Futures Decline Amid EU Law Concerns
Japanese Rubber Futures Decline Amid EU Law Concerns

Japanese Rubber Futures Decline Amid EU Law Concerns

News summary

US equity futures are down ahead of the upcoming inflation data, with S&P 500 and Nasdaq futures both falling 0.2%. Delta Air Lines reported disappointing earnings forecasts, leading to a 5% drop in premarket trading, while insurance stocks rallied after Hurricane Milton weakened. In the rubber market, Japanese futures rebounded due to concerns over wet weather impacting supply, though enthusiasm was tempered by China's sluggish economic stimulus efforts. The Osaka Exchange saw a 2.63% rise, despite a decline in the Shanghai market. Additionally, the European Union's proposed delay on a key deforestation law is affecting rubber prices, contributing to volatility in the market. Overall, mixed signals from various sectors highlight ongoing economic uncertainties.

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