CHINESE NAMES HIGHER, FXI UP OVER 3%

The latest data out of Beijing shows China's economy continues to churn. HSBC's China Purchasing Managers' Index rose to an 18-month high in October of 55.4 from 55.0 in September.

"This suggests that domestic demand is growing rapidly which augers well for energy demand growth in the world's second largest consumer of oil," explains Mike Fitzpatrick, vice president at MF.