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 […]

Click here to view original web page at stockhead.com.au

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.