Tokyo futures inch lower in line with Shanghai

Benchmark TOCOM rubber futures extended declines to inch lower on Tuesday, in line with an overnight drop in Shanghai futures. FUNDAMENTALS * The Tokyo Commodity Exchange rubber contract for March delivery was down 0.6 yen at 195.6 yen ($1.73) per kg, by 0009 GMT, staying about 1 percent above a three-month low of 193.5 yen hit a week ago.

 * Key Shanghai futures ended overnight trading down 0.3 percent. * For the top stories in the rubber market and other news, click or MARKET NEWS * Oil prices were little changed on Monday as supply disruptions in Iraq dented exports by OPEC's second-largest producer and U.S. drilling rates showed a slowdown.

 * The U.S. dollar was quoted around 113.41 yen , compared with around 113.79 yen on Monday afternoon. 

* Japan's benchmark Nikkei stock average opened down 0.1 percent. * Zinc prices rose on Monday after data showed output in China slipped in September, highlighting worries that winter production cuts are tightening supplies of metals. DATA/EVENTS (GMT) * The following data is expected on Tuesday: (Time in GMT) - 0645 France Business climate Oct - 0700 France Markit manufacturing PMI flash Oct - 0730 Germany Markit manufacturing PMI flash Oct - 0900 Euro zone Markit manufacturing PMI flash Oct - 1345 U.S. Markit manufacturing PMI flash Oct ($1 = 113.3500 yen)