Trump Says Iran Talks Halted as Strait of Hormuz Dispute Fuels Oil Concerns 
European Stocks Edge Higher as Fed Rate Pause Bets Rise 
Australian Consumer Sentiment Jumps 6% in August as Rate Outlook Improves 
European Stocks Slide as Iran War Escalation Sends Oil Higher 
UK Inflation Rises to 2.9% in July as Energy Costs Climb 
Switzerland Industrial Production Jumps 5.5% in Q2 2026 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
Dollar Slides as Soft U.S. Data Cuts Fed Rate Hike Bets 
US Dollar Holds Steady as Fed Rate Bets and Iran Tensions Drive Markets 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Add as a preferred source on Google
Industrial profits in China recovered during the first ten months of this year, amid an environment of steady economic growth and revival in producer price inflation.
China’s industrial profits rose 9.8 percent in October from a year earlier to CNY616.1 billion (USD89 billion), data released by the National Bureau of Statistics showed Sunday. That was faster than the 7.7 percent increase in September. Earnings in the first 10 months climbed 8.6 percent to CNY5.26 trillion.
"The recovery in profits is welcome. If sustained, it should somewhat alleviate the need for fast credit growth," Bloomberg reported, citing, Alessandro Theiss, Senior Economist, Oxford Economics Ltd.
Meanwhile, rising profits, coupled with a strong rise in the country’s producer prices will help companies tackle the piling corporate debt. However, the imposition of government rules to cool property market speculation will help alleviate the tepid economic recovery.
