18 June 2026, 04:59 Australia: Stocks Hold at Two-Month High After US-Iran Peace Deal.
Australian shares edged up to 8,979 in early Thursday trade, extending gains for a fifth straight session and holding at a two-month high. A rebound in U.S. stock futures supported sentiment after President Donald Trump signed an interim agreement to end the conflict with Iran and reopen the Strait of Hormuz. Meanwhile, the Fed kept policy steady, as expected, in its first meeting under new chair Kevin Warsh. Domestically, the Reserve Bank left cash rates unchanged at 4.35% earlier this week, balancing slowing growth against persistent inflation. However, gains were capped by concerns over the impact of El Ni
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