London — World stocks and commodities rose on Monday, boosted by upbeat Chinese data, while US oil futures jumped to a near six-month high as escalating tension between the Iraqi government and Kurdish forces threatened supply. Asian shares rallied to a decade-high after figures showed China’s producer prices beat market expectations to rise 6.9% in September from a year earlier. Copper hit three-year highs. Prices of iron ore and coke, key ingredients in steel-making, jumped with Dalian iron ore futures, rising 2.5% to a two-and-a-half-week high while coke for January delivery gained 1.6%. Oil prices also jumped, pushed up as Iraqi forces entered the oil city of Kirkuk, taking territory from Kurdish fighters. US crude rose 1.3% to $52.16 a barrel, not far from $52.85 touched late last month — a level not seen since April. Brent crude climbed 1.4% to $57.94 a barrel. MSCI’s broadest index of Asia-Pacific shares outside Japan gained for a fifth consecutive day to its highest level si...
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