China’s industrial profits surged 18.8% year-on-year in the January-May 2026 period, accelerating from a 18.2% growth in the first four months of the year. The latest result reflected the ongoing AI investment boom and continued policy support for advanced industries despite lingering weakness in parts of the property-related sector.

China Industrial Profits Growth Accelerates in January-May

The Ibovespa rose 0.8% to close at 173,295 on Friday, recovering from early losses as gains in financial stocks offset declines in heavyweight commodity shares. Bond yields edged lower as oil prices returned to pre-conflict levels amid easing supply concerns, with more tankers leaving the Strait of Hormuz. This came despite President Donald Trump accusing Iran of violating the ceasefire by targeting cargo ships transiting the strait. Earlier, Iran reaffirmed its right to control shipping through the waterway and warned Gulf states against siding with the US, a day after an attack on a vessel near Oman. Major banks led gains, with Banco do Brasil up 1.4%, Bradesco rising 1.7%, Itaú climbing 1.3%, and Santander advancing 0.6%. On the downside, Vale fell 0.6% despite stronger iron ore prices, while Petrobras dropped 1.0% on lower global oil prices. Braskem plunged 8.4% after a downgrade from Citi.

Ibovespa Rises as Bank Gains Offset Commodity Losses

The S&P/TSX Composite Index rose 0.4% to close at 34,980 on Friday, supported by gains in the mining and technology sectors. Mining shares rose on higher gold prices, helped by a weaker dollar and easing expectations of further US interest rate hikes following the latest PCE data. Also, Canada and Japan advanced cooperation on mining projects, including potential joint stockpiling. Barrick gained 1.6%, while Franco-Nevada rose 2.3%. In tech, Shopify rose 4.6%, backed by its Spring ’26 product rollout, while Constellation Software added 1.9%. Celestica, however, fell 6.6%, tracking weakness on Wall Street. Banking stocks traded lower amid geopolitical tensions  after President Trump accused Iran of violating the ceasefire by targeting cargo ships transiting the Strait of Hormuz. Earlier, Iran reaffirmed its right to control shipping through the waterway and warned Gulf states against siding with the US, a day after an attack on a vessel near Oman.

TSX Rises on Mining and Tech Gains

The Dow Jones Index dropped 45 points or 0.09 percent on Friday to close at 51876 points. Losses were led by Caterpillar (-5.67%), Cisco Systems (-4.56%) and Goldman Sachs (-4.07%). Offsetting the fall, top gainers were Microsoft (5.71%), Salesforce (5.45%) and IBM (5.08%).

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China Industrial Profits Growth Accelerates in January-May

Ibovespa Rises as Bank Gains Offset Commodity Losses

TSX Rises on Mining and Tech Gains

The Dow Jones Index Closes 0.09% Lower