Morgan Stanley upgraded Rio Tinto to overweight from hold and raised its target price 4.3% to A$169.00 per share.

Guoyuan Securities said in a research note demand for machine tools is rising and the global market is expanding. The sector retains a pyramid structure with Germany and Japan at the apex; 2024 data show China remains the world’s largest machine-tool producer and consumer. Domestic players are numerous and operating steadily, and China’s import-export mix is shifting toward higher-value trade, weakening the traditional low-end-export/high-end-import pattern.

Shanghai Gold Exchange gold T+D opened the Oct. 29 evening session down 0.31% at 864.8 yuan/gram; Shanghai Gold Exchange silver T+D opened the Oct. 29 evening session down 2.58% at 12,515 yuan/kg.