Afternoon trading June 24

Thanks @shovel40, @Fiji1, @uncleBuck, @JohnI and morning crew.

Half-time wrap:

Aussie shares ripped higher after the White House announced a ceasefire between Israel and Iran after 12 days of hostilities.

The ASX 200 rallied 81 points or 0.95%, erasing more than a week's losses.

Oil and defence stocks sank after US President Donald Trump announced a "complete and total" ceasefire between Israel and Iran starting this morning. Iran's foreign minister disputed that a deal had been made, but said his country would halt hostilities if Israel stopped its attacks from the ceasefire deadline. S&P 500 futures jumped 0.51%.

The financial, tech and materials sectors all gained at least 1.3% as investors pivoted back towards "risk-on" after two weeks of downward drift for the local market. The energy sector slumped almost 4.4% following a 7%+ plunge in crude prices overnight.


Personal trading: Solid morning, thanks to keeping the smart-trade to dumb-trade ratio down to 3-1. Made on IVR, A1M and LDR, lost on EOS.