* Japanese rubber futures rose slightly on Tuesday, tracking
higher crude prices and a steadying Shanghai market, but a
cloudy global outlook capped gains.
* Osaka Exchange's rubber contract for September delivery finished 0.7 yen, or 0.3%, higher at 205.0 yen ($1.54)
per kg.
* The rubber contract on the Shanghai futures exchange for
September delivery rallied 65 yuan to finish at 11,730
yuan ($1,703.56) per tonne.
* Japan's benchmark Nikkei average closed up 1.05%.
* "Shanghai markets seemed stable and this led to a
firmer
Tocom, but otherwise, rubber is still trading range-bound," said
a Singapore-based trader.
* World Bank Group President David Malpass said on Monday
that the
lender had revised its 2023 global growth outlook slightly
upward to 2% from a January forecast of 1.7% but the slowdown
from stronger 2022 growth will increase debt distress for
developing countries.
* Yet China's consumer inflation hit an 18-month low
and
factory-gate price declines sped up in March as demand stayed
persistently weak, shoring up the case for policymakers to take
more steps to support the uneven economic recovery.
* Finance Minister Shunichi Suzuki said on Tuesday that
Japan
would chair a Group of Seven (G7) financial leaders' meeting on
Wednesday in Washington to discuss the global economy and
financial markets, the strengthening of supply chains, and the
Ukraine crisis.
* Oil prices rose on Tuesday on expectations of a potential
economic stimulus by China, healthy demand in the rest of Asia,
and a drop in U.S. crude stockpiles.
* Asia stock prices rose on Tuesday, boosted by investor
optimism
that the region's central banks will continue to pause or end
interest rate increase cycles, whatever action the U.S. Federal
Reserve takes.
* The front-month rubber contract on Singapore Exchange's
SICOM
platform for May delivery last traded at 133.4 U.S.
cents per kg, up 0.5%.
($1 = 133.3900 yen)
($1 = 6.8856 yuan)
(Reporting by Carman Chew; Editing by Sohini Goswami)
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