(Bloomberg) -- Iron ore rallied strongly for a second day on speculation that China’s mammoth stimulus package would help to bolster demand.Most Read from...
-- Iron ore rallied strongly for a second day on speculation that China’s mammoth stimulus package would help to bolster demand.The steelmaking material briefly rose above $99 a ton in Singapore before paring gains, after closing almost 6% higher in the previous session. Beijing unveiled a broad suite of measures on Tuesday to support Asia’s largest economy, with a particular focus on steps to revive the real estate market.
Iron ore rose 3.2% to $97.75 a ton in Singapore as of 9:56 a.m. local time after being up almost 5%. Chinese futures were also up more than 3% in Dalian, while steel contracts advanced in Shanghai.KC Royals snap 7-game losing streak with dramatic win vs. Nationals in extra inningsMarcellus Williams had long proclaimed he was innocent in the 1998 fatal stabbing of Felicia Gayle in a St Louis, Missouri, suburb.
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