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Commodities

China Data Lifts Global Markets as Oil Prices Soar

Guavy AI Editorial Team
Instruments
Oil Copper
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Global markets received a boost on Monday after data from China showed that its producer prices rose 6.9 percent in September, beating market expectations.

This positive news contributed to rising stocks and commodities worldwide, with Asian shares reaching a decade high.

Copper prices hit three-year highs, while iron ore and coke futures also increased, driven by China's strong economic data.

Oil prices jumped due to the escalation of fighting between Iraqi government forces and Kurdish fighters in the oil-rich region of Kirkuk.

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