Brendan Larsen: Milford Asset Management expert on the market reactions to the ceasefire deal - Heather du Plessis-Allan Drive

Both US President Donald Trump and Iran have portrayed the last minute ceasefire deal as a victory for their nations.

The nations accepted Pakistan's proposal to pause fighting two weeks and Iran's agreed to reopen the Strait of Hormuz.

Milford Asset Management expert Brendan Larsen says shares in the US, Australia and New Zealand have gone up off the back of the news.

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