As it happened: ASX adds 0.6%; materials out-perform

Summary

• The ASX 200 added as much as 1.2% at Monday's open to retake 6700 on strong iron ore prices. The index was last 0.3% ahead
• BHP was up by 2.6% at lunchtime, Rio Tinto was 2.7% ahead, and Fortescue Metals 3.8%. CBA, NAB and Westpac rose, while CSL and ANZ were flat. 
• Wall Street finished Friday’s session higher, buoyed by negotiations on a compromised $US908b stimulus bill. US futures are pointing to small declines overnight, down 0.2% for the Dow Jones and S&P500. 
• ASIC has launched court action against beleaguered technology group iSignthis and its boss John Karantzis alleging they breached their continuous disclosure obligations in regards to three customer agreements