FX.co ★ Australian Shares Snap 5-Session Losing Streak

On Tuesday, the S&P/ASX 200 saw an uptick of nearly 1%, reaching 8,557, effectively breaking a five-day losing streak. This surge was driven by improved investor sentiment following reports of a tentative ceasefire between Israel and Iran. This development has alleviated fears of an escalating regional conflict. U.S. President Donald Trump announced what he termed a "complete and total" ceasefire, aimed at terminating the twelve-day hostilities between the nations. The ceasefire was scheduled to commence late Monday, with Iran ceasing its attacks first, followed by Israel shortly after. Domestically, attention is now turning to the upcoming monthly Consumer Price Index (CPI) report, which investors will closely monitor for insights into the Reserve Bank of Australia's future monetary policy. Most stocks ended the day in positive territory, particularly boosted by significant gains in the mining and banking sectors. Conversely, energy stocks lagged behind, with Woodside Energy Group experiencing a 6.5% drop and Santos falling by 0.8% due to declining oil prices. Additionally, Virgin Australia Holdings and Greatland Resources are expected to make their debut on the ASX on Tuesday, drawing considerable investor interest.