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Day traders' after-market lounge June 27, page-7

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27/06/23

17:34

Post #: 68497095
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Originally posted by highlandlad: ↑

Thanks afternoon crew.

End-of-day wrap:

Australian stocks rebounded from a three-month low after an upbeat economic outlook from China's Premier helped lift iron ore more than 3%.

The ASX 200 rallied 0.56% to its first gain in five sessions.

The dollar popped around half a cent and mining stocks advanced with the price of iron ore after Premier Li Qiang told a World Economic Forum summit China expected a stronger second quarter. Li said the economy was on track to hit its 5% growth target this year.

“From what we see this year, China’s economy shows a clear momentum of rebound and improvement,” Li said.

Iron ore climbed 3.34% on the Dalian Commodity Exchange. Hong Kong's Hang Seng index gained 1.68%. The Shanghai Composite firmed 1.14%. In the US, S&P 500 futures lifted 0.28%.

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everything i was watching went in reverse
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