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Market Impact: 0.35

Australia shares rebound as US delays Iran strikes, revives peace deal hopes

Geopolitics & WarMonetary PolicyMarket Technicals & FlowsInvestor Sentiment & Positioning

Australian shares rebounded from a more-than-one-month low after news that the U.S. delayed a strike on Iran, easing geopolitical risk and supporting risk appetite. Traders also awaited the central bank's May policy meeting minutes, leaving the move driven more by sentiment than fresh domestic fundamentals.

Analysis

Australian shares rebounded from a more-than-one-month low after news that the U.S. delayed a strike on Iran, easing geopolitical risk and supporting risk appetite. Traders also awaited the central bank's May policy meeting minutes, leaving the move driven more by sentiment than fresh domestic fundamentals.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.15