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China’s industrial profits increase 16.7% in May

The National Bureau of Statistics (NBS) reported the latest Chinese industrial profits data for the month of May, noting that the industrial profits climbed 16.7% y/y last month versus +14% y/y seen last.

Industrial profits surged 22.7% in the first five months, according to the bureau.
 

Nikkei approaching two-year highs as Yen weakens

The Japanese stock markets remain well bid on the back of Yen weakness with the benchmark index eyeing fresh two-year highs above 20,318 levels.  The
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White House: US has Iidentified potential preparations for chemical weapons attack in Syria

Reuters out with the latest statement issued by the US White House last minutes, noting that the US has identified potential preparations for another
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