Asian Stocks Rally as Iran War Fears Ease and AI Boom Lifts South Korea 
European Stocks Volatile as U.S.-Iran Tensions Threaten Oil Supply and Global Markets 
European Stocks Edge Higher as Iran-U.S. Peace Talks Boost Market Sentiment 
Oil Prices Slide as Middle East Tensions Ease and U.S. Crude Inventories Shrink 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Oil Prices Rebound Slightly After Sharp Drop on Iran Deal Hopes 
Copper Prices Hold Near Three-Week Low Amid Strong Dollar and Global Slowdown Fears 
Australia Posts Surprise Trade Deficit as Imports Surge on AI Equipment Demand 
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.
