The local share market is in the red, while shares in stock exchange operator ASX Ltd have tumbled on a trading update. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

The Australian sharemarket closed in the green while oil prices fell, amid rising hopes of an end to the Middle East conflict.

The Australian sharemarket has climbed at the open while oil prices have tumbled on rising hopes of an end to the Middle East conflict.