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July 13th, 2012 
FAKE NEWS for the Zionist agenda The Australian share market has broken a six-day losing streak after Chinese economic growth met forecasts.
Mining stocks plummeted yesterday amid analyst downgrades and fears China’s gross domestic product for the June quarter would disappoint already low expectations.
However, the over the year to June 30 closely matched the average economist forecast.
That saw some of the hardest hit mining stocks claw back lost ground today: Integra Mining gained 14 per cent to 32.5 cents; Mirabela Nickel jumped 6.8 per cent; Mount Gibson Iron climbed 3 cents to 97 cents; and Atlas Iron gained almost 3 per cent to $1.93.
BHP Billiton also edged higher, gaining 8 cents to $30.48.
However, Rio Tinto eased a further 0.3 per cent to $54.08 and Fortescue dropped another 2 per cent to $4.53.
The major banks provided a solid contribution to the market’s gain overall, adding between 0.5-0.8 per cent, with Westpac enjoying the best gain.
David Jones added just over 2 per cent, while Myer gained a cent to $1.67.
Telstra eased 1 cent to $3.84.
Commodities, currencies and the region
Asian markets were relatively flat on the widely expected Chinese GDP outcome.
Tokyo’s Nikkei gained just 4 points to 8,724, while the Shanghai composite index was almost dead flat.
West Texas crude oil gained overnight to $US86.08 a barrel on news that the US was looking to tighten sanctions against Iran, while Tapis was worth $US106.81.
Spot gold remained relatively stagnant due partly to US dollar strength – it was worth $US1,574 an ounce at 5:30pm (AEST).
The Australian dollar gained a little ground on China’s GDP figures, rising to 101.68 US cents, 83.35 euro cents and 80.6 Japanese yen.
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