Best day in a year as Aussie shares surge on Iran truce
The bourse has clocked its best session in a year after a US-Iran ceasefire deal supported hopes of de-escalation and improved oil flow from the Middle East.
The bourse has clocked its best session in a year after a US-Iran ceasefire deal supported hopes of de-escalation and improved oil flow from the Middle East.
Australia's share market has risen to four-week highs, but investor optimism could be short-lived with the potential for escalating conflict in the Middle East.
Australia's share market has dipped ahead of the long weekend after hopes of a timely end to the Iran conflict crumbled under US threats to escalate attacks.
Hopes of de-escalation in the Middle East war have reinvigorated investor sentiment and boosted markets, but details from the US administration have been scant.
The local bourse has had its first positive week since February, but traders remain cautious with the US and Iran still at odds over a potential ceasefire.
The US president has dialled down his threats to "obliterate" Iran's power grid, giving the Australian stock market time to breathe - for now.
Markets have welcomed a US deadline extension on its latest threats against Iran, but ongoing oil supply constraints continue to weigh on confidence.
Hopes of de-escalation between the US and Iran have catapulted the bourse higher, on reports the US wants a month-long ceasefire to discuss a path to peace.
The bourse is down for a third straight week with more than $270 billion wiped from its market value since US attacks on Iran sparked an energy market crisis.
Australia's mining sector is under renewed pressure, after gold tumbled to a two-month low as oil prices skyrocket and hammer hopes for global growth.
The local bourse is making a tentative advance after a relatively quiet night for oil prices, ahead of a national cabinet meeting to discuss fuel supplies.
Oil prices have surged as the Middle East conflict escalates, overshadowing a plan to release millions of barrels of crude reserves to shore up supply.
Hopes of a timely end to the Middle East conflict sparked a relief rally on the local bourse, but the optimism was limited, capping gains by the close.
Volatile oil prices continue to dictate stock market sentiment with the local bourse trading higher on hopes tapping reserves could shore up crude supply.
Strength in energy, mining and consumer staples stocks has capped the impact of US-led attacks against Iran on the local bourse, but major uncertainty remains.
Australia's share market has plunged as surging oil prices dimmed the global growth outlook and dragged on industrial metals producers.
Hopes of potential de-escalation in the Middle East and US assurances around crude supply have supported a lift in equities, despite a fresh wave of attacks.
Australia's share market has posted its worst weekly drop in almost a year, as oil prices continue to surge on the back of widening conflict in the Middle East.
The local bourse's value has swelled by about $85 billion in February to record highs, swept up by strong interim financial results and commodity prices.
The washout in precious metals does not appear over, with gold miners still under pressure and dragging on the raw materials sector.
All 11 locals sectors have dragged the bourse lower in its worst trading session since Donald Trump announced his Liberation Day tariffs in 2025.
Red-hot mining stocks have eased after a recent rally as other sectors catch up, helping the bourse to a modest advance by noon despite ongoing uncertainty.
Raw materials and energy stocks are supporting the local bourse, but most other sectors are in the red as the shaky start to the new year continues.
Global tailwinds have swept up the local bourse, despite worries Australia's economic soft landing will lead to interest rate hikes in 2026.
A gloomy inflation outlook from the Reserve Bank has further dampened hopes of interest rate cuts, dragging on confidence and the Australian bourse.
A potential end to the longest US government shutdown in history has buoyed investor spirits, supporting a rebound from last week's sell-off.
The local bourse has edged higher on the eve of the Reserve Bank's Melbourne Cup Day meeting, settling after reduced rate-cut hopes weighed on sentiment.
Australia's share market is within striking distance of its highest close after its best day in two weeks, as investors look past US-China trade jitters.
A lift in expectations of an interest rate cut have provided a springboard to send Australian equities to new highs, after weeks of consolidation.
Only Australia's raw materials sector has managed to close higher as the local bourse faded in a sluggish trading session.
A weak session on Wall Street and slumping commodity prices have provided a gloomy backdrop for the last session of the week as local equities edge lower.