China repeats ‘no stimulus’ as iron ore futures fall

From Reuters:

China’s Premier Li Keqiang said that the country would adopt moderate “fine tuning” of the country’s economic policies, the official China Daily reported on Thursday, reiterating statements he made on state radio at the end of last week.

…He added that fiscal and monetary policy would remain largely intact, the paper reported.

Dalian iron ore futures are down 1% at the open. Miners are still holding up for no apparent reason, especially since the capex data was strong and will support the dollar, down 2-3% mostly.