Australian shares rallied in their first post-Christmas session as iron ore futures soared above $US140 a tonne. The benchmark S&P/ASX200 index added 0.8 per cent, or 59.6 points, to climb to 7561.2 at the closing bell, while the broader All Ordinaries rose by 0.9 per cent, to 7796.7. At the end of the session, the Australian dollar had added 0.2 per cent to trade at a five-month high of US68.37c. KCM Trade chief market analyst Tim Waterer said the “festive mood” in markets had continued after Christmas as investors began to feel more optimistic about the economic outlook heading into 2024. “Essentially, markets are feeling better…
