Australia's share market has ended the day roughly where it began, in a cautious session as the US and Iran exchanged strikes despite ongoing ceasefire negotiations.
The S&P/ASX200 slipped 2.3 points on Monday, down 0.03 per cent, to 8,729.4, as the broader All Ordinaries rose 4.8 points, or 0.05 per cent, to 8,969.8.
Eight of 11 local sectors traded lower, while energy and materials stocks edged higher and IT stocks rocketed more than five per cent to four-month highs.
Looking ahead, the Australian Bureau of Statistics will release April GDP figures on Wednesday, and Reserve Bank governor Michele Bullock will discuss the federal budget before the Senate Economics Legislation Committee on Thursday.
The Australian dollar is buying 71.88 US cents, up from 71.61 US cents on Friday at 5pm.
