Peace hopes send ASX higher in early trade; Tabcorp tanks on AUSTRAC probe
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Peace hopes send ASX higher in early trade; Tabcorp tanks on AUSTRAC probe

May 7, 2026
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Posted 3 hours ago by

The Australian sharemarket jumped in early trade after oil prices sank and stocks rallied worldwide on hopes that the US and Iran are nearing a deal to end their war.

Peace hopes send ASX higher in early trade; Tabcorp tanks on AUSTRAC probe
Sydney Morning Herald
Sydney Morning Herald

Coverage and analysis from Australia. All insights are generated by our AI narrative analysis engine.

Australia
Bias: lean left

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