Australia Shares Extend Rally on Gulf Peace Accord

2026-06-15 00:45 By Farida Husna 1 min. read

Australian equities surged 124 points, or 1.4%, to 8,928 in early Monday trade, building solid gains from the previous session and marking their highest level in over seven weeks.

Sentiment was buoyed by a surge in U.S.

stock futures after Washington and Tehran reached an interim peace deal, easing inflationary pressures and reducing the likelihood of further rate hikes.

Locally, optimism mounted that the Reserve Bank will hold cash rates steady at Tuesday’s policy meeting following three increases earlier this year.

However, caution set in ahead of China’s May activity data, with investors awaiting figures on industrial output, retail sales, and unemployment from Australia’s largest trading partner.

Nearly all sectors advanced, led by non-energy minerals, industrial services, consumers, and financials.

Standouts included BHP Group (3.5%), Evolution Mining (8.3%), Sigma Healthcare (7.6%), and Northern Star Resources (5.7%), while the four big banks rose between 0.9% and 2%.



News Stream
Australia Shares Extend Rally on Gulf Peace Accord
Australian equities surged 124 points, or 1.4%, to 8,928 in early Monday trade, building solid gains from the previous session and marking their highest level in over seven weeks. Sentiment was buoyed by a surge in U.S. stock futures after Washington and Tehran reached an interim peace deal, easing inflationary pressures and reducing the likelihood of further rate hikes. Locally, optimism mounted that the Reserve Bank will hold cash rates steady at Tuesday’s policy meeting following three increases earlier this year. However, caution set in ahead of China’s May activity data, with investors awaiting figures on industrial output, retail sales, and unemployment from Australia’s largest trading partner. Nearly all sectors advanced, led by non-energy minerals, industrial services, consumers, and financials. Standouts included BHP Group (3.5%), Evolution Mining (8.3%), Sigma Healthcare (7.6%), and Northern Star Resources (5.7%), while the four big banks rose between 0.9% and 2%.
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