Market Wrap / Monday rebound

The S&P/ASX 200 rebounded from some of last week’s losses, advancing 0.9% to 8,245.7 points this Monday, ahead of China’s policy announcements later this week. 

Most sectors closed in the green, with the banks being a notable exception. 

Local miners gained ground following last week's dip, paring iron ore’s six-week low driven by mounting US tariff tensions. BHP was up around one percent, and optimism for uranium prices pushed Boss Energy 6.5% higher. 

Insurer stocks were hit ahead of a category-2 cyclone reaching part of the East Coast. Suncorp fell 2.3%. 

In the health space, Pro Medicus has inked a seven year contract with LucidHealth, valued at $40 million dollars. The news was welcomed by investors who sent the stock 3.2% higher. 

On the other side of that, Clarity Pharmaceuticals slumped 11.5% as the company flagged it extended its first-half loss from $17.2 to $23.5 million dollars.

Tomorrow, the RBA will release its latest meeting minutes. On the data front, investors will look at the retail trade data from January, along with the balance of payments for the December quarter.