TOKYO, March 28 (Reuters) - Benchmark TOCOM rubber futures fell on Friday, putting the contract on track for a weekly dip, as support from higher crude oil prices were offset by Japanese currency moves and demand worries in top buyer China over the week.
FUNDAMENTALS
* The Tokyo Commodity Exchange rubber contract for September delivery
* Japanese household spending fell 2.5 percent in February from a year earlier in price-adjusted real terms, the government data showed on Friday, in a sign that consumer spending weakened because a cold snap and severe snow storms.
* The U.S. economy grew a bit faster than previously estimated in the fourth quarter and new claims for jobless aid dropped to a near four-month low last week, suggesting the economy has plenty of momentum to break out of its winter chill.
* For the top stories in the rubber market and other news, click
MARKET NEWS
* The U.S. dollar was quoted around 102.04 yen
* Japan's benchmark Nikkei stock average
* U.S. crude oil futures ticked up on Friday to put the contract on course for its biggest weekly gain in nearly two months following continued draws in petroleum inventories, geopolitical tensions and a pickup in U.S. economic growth.
DATA/EVENTS (GMT)
* The following data is expected on Friday: (Time in GMT)
0700 Germany Import prices
0745 France Consumer spending
0745 France Producer prices
1000 Euro zone Economic sentiment
1230 U.S. Personal income
1300 Germany Consumer inflation
(Reporting by James Topham; Editing by Richard Pullin)
((james.topham@thomsonreuters.com)(+813 6441 1858)(Reuters Messaging: james.topham.thomsonreuters.com@reuters.net))
((For morning and afternoon prices at Thailand's state-run central rubber market, click onRUB-BKK3 . For other physical rubber prices in Thailand, click onRUB-BKK1 RUB-BKK2 . For more details on Indonesian and Malaysian prices click onRURKJK andRUQG . * Reuters Terminal users can see cash and futures rubber prices by double clicking on the codes in the brackets: - Tokyo rubber futures --0#JRU: - Shanghai rubber futures --0#SNR: - Singapore rubber futures --0#SRS: 0#SRU: 0#STF: - Thai rubber futures --0#ARU: 0#ASR20: - All rubber newsRUB - Tokyo rubber reportRUB/T - Shanghai rubber reportRUB-CN - Thailand rubber reportRUB/TH - Asian rubber reportRUB/AS For Related News and other topics, double click on one of these codes: SPEED GUIDESRUBBER1 SOFTS/NEWS1 ))
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