* Japanese rubber futures rose on Friday, tracking strength
in the
domestic share market, although recession fears spurred by weak
U.S. economic data weighed on sentiment.
* The Osaka Exchange (OSE) rubber contract for October
delivery was up 1.9 yen, or 0.9%, at 209.6 yen ($1.56)
per kg as of 0210 GMT.
* The benchmark contract is set to post its first weekly
drop in
three, down 0.5% for the week, and headed for its third monthly
decline, contracting about 0.4%.
* The rubber contract on the Shanghai futures exchange
(SHFE) for
September delivery was down 50 yuan, or 0.5%, at 11,795
yuan ($1,706.08) per tonne.
* Japan's benchmark Nikkei average opened up 0.87%.
* Brazil's government said on Thursday it could not
interfere with
a landmark European Union (EU) law banning imports of
commodities linked to deforestation, but will keep farming
according to its own laws.
* U.S. economic growth slowed more than expected in the
first
quarter as an acceleration in consumer spending was offset by
businesses liquidating inventories in anticipation of weaker
demand later this year amid higher borrowing costs.
* Still, core consumer inflation in Japan's capital, Tokyo,
beat
expectations in April and an index stripping away fuel costs
rose at the fastest pace in four decades, highlighting the
challenge the new central bank chief faces in keeping ultra-low
interest rates.
* Asian stocks rallied as strong corporate earnings helped
lift
sentiment even as worries over economic weakness lingered, while
investors were also waiting for a policy decision from the Bank
of Japan.
* The front-month rubber contract on Singapore Exchange's
SICOM
platform for May delivery last traded at 133.4 U.S.
cents per kg.
($1 = 134.1600 yen)
($1 = 6.9135 yuan)
(Reporting by Carman Chew; Editing by Rashmi Aich)
SINGAPORE, April 28 (Reuters) -
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