Profits earned by Chinese
industrial firms in April rose at their fastest pace in six
months, data from the National Bureau of Statistics (NBS) showed
on Sunday, as factories benefited from higher prices and strong
Oil prices fell on Monday,
extending a steep decline in the previous session, as the market
eyed an increase in output from the world's three top crude
producers, Russia, the United States and Saudi Arabia.
Australia shares are expected to fall on
Monday, with material and energy stocks set to decline on weaker
oil and select base metal prices.
Banks are inclined to dip, following weakness in Wall
Street's index for financial stocks in the previous
session on Friday.
The share price ind