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RUBBER-Tokyo futures rebound on weaker yen, solid China data

TOKYO, Sept 2 (Reuters) - Key TOCOM rubber futures rebounded on Monday, boosted by a weaker yen and robust economic data from China, the world's biggest rubber consumer.


FUNDAMENTALS

* The key Tokyo Commodity Exchange rubber contract for February delivery <0#2JRU:> was up 4.9 yen, or 1.82 percent, at 274.0 yen as of 0124 GMT.

* China's factory activity expanded at the fastest pace in more than a year in August with a jump in new orders, official data showed on Sunday, raising hopes that a rapid economic slowdown in the world's second-largest economy may have been arrested.

* Japanese companies held spending on plant and equipment steady in April-June compared with the same period last year, Ministry of Finance data showed, after two consecutive quarters of declines.

* U.S. President Barack Obama and his top aides launched a full-scale political offensive on Sunday to persuade a sceptical Congress to approve a military strike against Syria, but faced a struggle to win over lawmakers from both parties and a war-weary American public.

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MARKET NEWS

* The yen eased against the dollar on Monday, while commodity currencies such as the Australian dollar edged higher in the wake of the upbeat Chinese data.

* Oil futures fell more than $1 in early Asian trade on Monday as concerns over disruptions to supply receded as a possible military strike on Syria appeared less imminent.

* Japan's Nikkei share average rose on Monday as the China PMI, along with recent data from the U.S. and Europe, raised hopes the global economy was on a firmer footing.


DATA EVENTS

* The following data is expected on Monday: (Time in GMT)

- 0145 China HSBC Mfg PMI Final Aug

- 0500 India HSBC Markit Mfg PMI Aug

- 0743 Italy Markit/ADACI Mfg PMI Aug

- 0753 Germany Markit/BME Mfg PMI Aug

- 0758 EZ Markit Mfg PMI Aug

- Russia HSBC Mfg PMI Aug

(Reporting by Yuka Obayashi; Editing by Joseph Radford)