* Japanese rubber futures dipped for a third consecutive
session
on Thursday, weighed down by poor economic performance and a
stronger yen, although easing inflationary pressures in the U.S.
and supply concerns limited losses.
* The Osaka Exchange (OSE) rubber contract for October
delivery was down 0.6 yen, or 0.3%, at 210.5 yen
($1.56) per kg, as of 0213 GMT.
* The rubber contract on the Shanghai futures exchange
(SHFE) for
September delivery was up 105 yuan, or 0.9%, at 12,250
yuan ($1,772.25) per tonne.
* Japan's benchmark Nikkei average opened 0.04%
lower.
* China's consumer prices rose at a slower pace and missed
expectations in April, while factory gate deflation deepened,
data showed on Thursday, suggesting more stimulus may be needed
to boost a patchy post-COVID economic recovery.
* U.S. President Joe Biden piled pressure on Republican
lawmakers
on Wednesday to move quickly to raise the country's $31.4
trillion debt ceiling or risk throwing the U.S. economy into a
recession that would kill thousands of jobs.
* Still, the annual increase in consumer prices slowed to
below 5%
in April for the first time in two years, while a key inflation
measure monitored by the Federal Reserve subsided, potentially
providing cover for the central bank to pause further interest
rate hikes next month.
* The Japanese yen appreciated for a third day, up
0.17% to
134.14 per dollar.
* A stronger yen makes yen-denominated assets less
affordable when
purchased in other currencies.
* Rubber output may be affected in top-exporter Thailand as
the
National Water Command Centre issued flood warnings for nine
provinces in the North and Northeast regions from Friday to
Sunday, May 12-14.
* The front-month rubber contract on Singapore Exchange's
SICOM
platform for June delivery last traded at 137.3 U.S.
cents per kg, down 0.7%.
($1 = 135.0500 yen)
($1 = 6.9121 yuan)
(Reporting by Carman Chew; Editing by Sherry Jacob-Phillips)
SINGAPORE, May 11 (Reuters) -
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