A calmer week ended on a high note as SpaceX completed the largest stock market debut in history, jumping nearly 20%, and US consumer confidence rebounded sharply from a record low.

Stocks across Asia surged during Monday trading, as market euphoria from SpaceX’s IPO on Friday combined with relief from the US-Iran deal

The US-Iran peace deal brought relief to global stocks overnight but the Australian sharemarket is set to fall at the open.