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AAP
AAP
Business

FED:Aussie shares up despite mixed signals from Iran talks

Iran United States ASX

Australia's share market continues to recover on optimism about a potential peace deal between the United States and Iran, despite division remaining on key issues.

The S&P/ASX200 rose 41.4 points by midday on Friday, to be up 0.48 per cent to 8,663.1, as the broader All Ordinaries lifted by 45.2 points, or 0.51 per cent, to 8,886.

"Iran suggested that the latest US proposal 'has narrowed the gaps to some extent' between the two sides," Westpac economist Mantas Vanagas said.

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