China Industrial Profits Rise Again as Growth Stabilizes bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
China’s industrial companies saw profits rise in September for a second straight month, in a further sign that policy support is helping the manufacturing sector recover. Industrial profits increased 11.9 percent from a year earlier, according to data published by the National Bureau of Statistics on Friday. That comes after a 17.2 percent surge in
The Aussie dollar has been resilient against the US dollar since last Friday, 2 June ex-post better the expected US non-farms payroll/jobs data for May. The AUD/USD has managed to stage a rally of +1.45% to today’s 6 June current intraday level of 0.6662 at this time of the writing from last Friday’s low that has outperformed the EUR/USD (+0.16%) and GBP/USD (+0.05%) over the same period.
China recorded 3,200 daily local COVID-19 cases for Nov. 2, the highest level in two and a half months, official data showed on Thursday. In Hong Kong, stocks fell across the board, as the city's central bank raised rates following the Fed move.