Swingfolio Daily
ASX briefings — Friday 1 May 2026
Morning setup and afternoon close recap for Friday 1 May 2026. Observations only — no trade advice.
Friday 1 May 2026
Wall Street caps best month since 2020; ASX opens +1% as RBA call looms
Overnight US gains carried into the AU open: S&P 500 +1.02% to a first-ever close above 7,200, Dow +1.62% within 350 points of 50,000, Apple Q2 revenue $111.2B after the bell. Iron ore flat at US$107.18/t, Brent +1.16% at US$111.68. Markets price a 60-70% chance of a +25bp RBA hike on Tuesday 6 May.
ASX 200 +0.74% to 8,729.8 as miners lead; LTR.AU +12.34% caps lithium rally
S&P/ASX 200 closed at 8,729.8 on 1 May 2026, +64 points (+0.74%); All Ords +0.75% to 8,954.7. LTR.AU +12.34% led a lithium rally (EUR.AU +8.86%, WC8.AU +5.13%); uranium followed (NXG.AU +6.31%, PDN.AU +3.91%, BMN.AU +3.73%). ANZ.AU -2.84% led bank weakness as the CEO flagged Iran escalation risk. Healthcare split COH.AU +5.07% vs RMD.AU -3.53% on the Q3 FY26 print. ASX VIX -5.86% to 12.36 into Tuesday's RBA call (~62% +25bp priced).