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US stocks have hit new record highs after the US President Donald Trump said Iran appeared to be standing down from the middle east fight. It comes just a day after Iran fired dozens of missiles at a US troop base in Iraq, claiming it was self-defence after the US killed Iran’s military leader. Iran’s Foreign Minister had also said it ended its retaliation and didn’t want war.

All eyes on the energy and tech stocks, Bendigo and Adelaide Bank (BEN), Rio Tinto (RIO) and Antipa Minerals (AZY). Australia’s import and export data and balance of trade is out for November with the market expecting a surplus of $4.15 billion.