Laura Bessarati

But today's improvement, second day of gains, and that's taken us to a two-week high.

Yeah, so growing prospects of a peace agreement between the United States and Iran, like you mentioned, and that's really got markets quite optimistic.

But also last night, some more strong earnings out of the United States.

So we did have that strong lead-in from Wall Street once again.

If we have a look what happened last night, we saw the Dow Jones up 1.2%, the S&P 500 up 1.5%, and the Nasdaq up 2%.

So that strong lead-in certainly helped us today.

You mentioned that oil prices have fallen back, and that's obviously in reaction to that potential pace agreement between the US and Iran.

So they've been tumbling back towards 100 US a barrel, currently sitting just a bit above those levels, and that's really been causing energy stocks to fall back.

So yes, you said it's helpful for the market more broadly, but not certainly for energy stocks, which are falling by roughly 3% and down heavily for a second straight day.

Yeah.

And today's improvement looks like they're on track for their best day in about a month for that sector.

So certainly helpful.

And financials lifting by 0.4%.

Remember they had a really good day yesterday and still just extending those improvements.

Not quite as good as yesterday, but still an improvement nonetheless, which is helpful.

Shares of betting company Tabcorp have had a very rough session today, slumping by 26% at one stage before recovering slightly.

They're currently down by around 23% at the moment, so still a huge decline.

Now,

The plunge comes after the regulator flagged major concerns with how it manages its anti-money laundering controls.

Now, its chairman said Tabcorp takes its anti-money laundering and counter-terrorism financing obligations very seriously, and the board and executive are fully committed to collaborating with AUSTRAC, which is the regulator, but still that big hit to its share price today.