The sharemarket hit a record high, driven by belief that a deal with Iran is close, and the RBA is done raising rates. But there’s one factor hanging over investors.

Australia’s stock benchmark briefly climbed to an intraday record on easing concerns over the US-Iran conflict and supportive signals in the domestic economy.

The sharemarket hit a record high, driven by belief that a deal with Iran is close, and the RBA is done raising rates. But there’s one factor hanging over investors.