Rolling coverage of the latest economic and financial news
Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.
There’s an autumnal chill in the air this morning, but investors are warming to equities again after an encouraging jump in Chinese factory earnings.
China industrial enterprises total profits (y-o-y), chart @BloombergTV https://t.co/YOyJSve2UM pic.twitter.com/yCMK04eRck
Profits of China’s major industrial firms remained on the steady path to recovery in August. Indeed robust earnings in China’s colossal production and operations engines provided further evidence of a strong economic comeback.
The data augers well for the China growth story and the outlook for commodity prices.
Strong tone being set by futures for the European open in just under an hour.
Eurostoxx 50 Up 1.7%
Dax Up 1.7%
FTSE Up 1.3%
IBEX Up 1.4%