Investors seem to have brushed off the threat of WW3 as the US administration has claimed no substantive damage or US troops harmed.
Scomo has confirmed Australian troops will remain in Iraq.
And billionaire Andrew ‘Twiggy’ Forrest makes a staggering $70 million pledge to national bushfire relief.
Back to markets…
This afternoon, Australian shares rose strongly on Thursday, coming within a whisker of hitting fresh record highs during the session.
The benchmark S&P/ASX 200 rose 56.6 points, or 0.8 per cent, to 6874.2, propelled higher by gains in all sectors except for energy.
At its highs, the benchmark came within 4.5 points of joining the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite which all hit record levels on Wednesday, driven by an easing in risk aversion as the United States offered a measured response to an Iranian missile attack targeting Iraqi bases used by its earlier in the session.
“Iran-US tensions have de-escalated dramatically over the past 24 hours, despite the Iranian missile strikes yesterday,” said Tapas Strickland, economist at the National Australia Bank. “Some geopolitical analysts classed the strike as more symbolic in nature and being a ‘warning shot’ designed not to inflict too much damage on US assets.”