The Australian sharemarket is set to jump after Donald Trump announced a peace deal that includes an immediate ceasefire “on all fronts” of the war in the Middle East.

Australia’s sharemarket is poised to surge on the opening bell and the price of oil has fallen to a two-month low after US President Donald Trump declared a “great settlement”…

Stocks are set to climb on the prospect of a peace deal and a weaker oil price, but futures suggest a degree of scepticism around the US president’s claims.