FX.co ★ Australian Shares Flat for Second Session

The S&P/ASX 200 remained stable for a second consecutive day at 8,549 on Tuesday as investors continued to evaluate ongoing geopolitical tensions. On Monday, President Donald Trump expressed via social media that Iran should have agreed to a nuclear deal, emphasizing that the nation must not possess a nuclear weapon, and called for the immediate evacuation of Tehran. Despite these tensions, optimism for a ceasefire remained as reports indicated Iran had made overtures through Arab intermediaries about ending the conflict with Israel and resuming nuclear negotiations with the United States. Importantly, there were no significant disruptions in crude production or exports, contributing to a steadier market sentiment. On the domestic front, investors are anticipating forthcoming labor data this week, which is expected to provide new insights into the health of the Australian economy and influence expectations regarding the Reserve Bank of Australia's future policy decisions. Noteworthy performers among individual stocks included Newmont Corporation with a gain of 3.8%, Block Inc. up by 3.4%, and Northern Star Resources Ltd, which increased by 1%.