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S&P/ASX 200 gains 0.68% as China's central bank cuts reserve requirement ratio

S&P/ASX 200 gains 0.68% as China's central bank cuts reserve requirement ratio
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S&P/ASX 200 hits 15-month high as material, banking shares surge

S&P/ASX 200 hits 15-month high as material, banking shares surge
Companies
S&P/ASX 200 hits 15-month high as material, banking shares surge
Brent crude oil prices rose by 25 cents to US$69.12 a barrel on Thursday, helped by strong U.S. economic data that offset investors’ concerns about the potential for a rise in Iranian supplies.
The U.S. job market edged closer to its pre-pandemic self as initial jobless claims totalled just 406,000 for the week ended May 22.
S&P/ASX 200 (INDEXASX:XJO) rallied as much 1.25% to 7,183 points earlier today, its best level since February 20, 2020.
The materials sector was leading the gains with financials, energy, industrials and consumer staples also lending support. ....

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