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Markets Live: Miners lead ASX rebound

Shares shake off early wobbles to push higher, led by strong gains in the miners after commodity prices rose overnight, despite Fed and ECB officials rattling global investors.

  • IAG shares hit 12-year high after the insurer upgrades its profit margin guidance
  • Sharemarkets are 'running on fumes' and valuations 'look high', senior Fed officials warn
  • The euro jumps to nine-month high after ECB chief surprises with hawkish comments
  • Iron ore jumps as upbeat comments on China's economy squeezed short sellers

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