ASX 200 in best day since March; Iron ore jumps on China optimism, gold miners sag
Consumer stocks and materials lead gains. Deutsche Bank tips rate peak of 4.6 per cent. Iron ore rallies on China optimism. Brett Blundy in control of Best & Less. Gold miners hardest hit.
Welcome to the Trading Day blog for Monday, June 5. The Australian sharemarket endured its best session since March 30 as heavyweight miners drive gains as speculation mounts that new policy measures to support China's property market will lead to improving steel demand.
The S&P/ASX 200 index advanced 71.20 points, or by 1 per cent to 7216.30.
The dollar was buying US66c at the close.
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