Closing Bell: Old school resources rise on snifter of Chinese stimmy; Uranium pops on delightful double deal

Closing Bell: Old school resources rise on snifter of Chinese stimmy; Uranium pops on delightful double deal

All rise. Via Getty share

Small cap index up 1.1%, stronger than benchmark, but both do good, run hard.

Wall Street snaps 3-day losing streak, China could be back in stimmy mode

Uranium’s gone insanium The ASX 200 is up 0.7% and the Emerging Companies (XEC) index is about 1.1% higher as the Resources, Energy (up 1.7%), Miners and the All Ords Gold Sectors (up 2.7%) led gains.There’s been movement at the station on Thursday as key commodity companies lifted on a typically tempting but lite on details Chinese stimmy announcement from a Wednesday night State Council executive meeting chaired by Premier Li Keqiang.This is how the China Daily described it: China will add follow-up measures to its policy package for stabilising the economy as part of intensified efforts to consolidate the foundation of economic recovery and growth, and task forces will be sent to localities […]

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