China April Industrial Profits +3% y/y (prior +2.6%) ...Middle East

+3% y/y (prior +2.6%), best since December +1.4% YTD (prior +0.8%)

The rebound is a sign of some recovery for China's manufacturing sector and stabilisation for factory activity. It's a little encouragement for demand recovery also, but headwinds remain.

This article was written by Eamonn Sheridan at www.forexlive.com.

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