TSX:IVN - Post Discussion
Post by
Dragonflyinvest on Oct 08, 2024 6:33am
Talk is cheap!
"Iron ore slumped from a five-month high and base metals fell, as a much-anticipated briefing by China’s top economic planner ended without new pledges to boost government spending.
Officials from the National Development and Reform Commission offered little to investors who had been expecting aggressive stimulus measures to add to a battery of policy moves unleashed in late September to boost a struggling economy.
Iron ore futures in Singapore fell as much as 4% after being up by a similar amount earlier in the session. The briefing was held as China reopened after a week-long public holiday, and investor disappointment was reflected across Chinese markets." Iron ore, copper prices slump as China fails to deliver fresh stimulus - MINING.COM
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