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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Thanks afternoon crew.End-of-day wrap:Australian stocks...
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