The Aussie Market looks set to cap off a very strong week with another day of gains today. The ASX200 is already up 2.5% week to date and depending on the size of the gains today, may test the 5,000 level. Materials stocks should outperform today with copper up 2.8%, Gold up 2.6% and Iron Ore up 1%, however Oil eased back from recent highs. Much of the strength seen in the miners yesterday was due to the strong rebound in the Shanghai composite this week, it has risen 5.8% since Monday on speculation there may be some targeted stimulus introduced to protect growth.
Posted on: Thu, 11 Jul 2013 23:13:53 +0000
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