ASX briefings — Thursday 7 May 2026

ASX brief — 7 May 2026: Wall Street records and Iran deal hopes lift SPI futures +1.2%

Wall Street closed at record highs overnight: S&P 500 +1.46% to 7,365.12 and Nasdaq +2.02% to 25,838.94, lifted by AMD/Supermicro earnings beats and reports of a near-final US-Iran agreement. ASX 200 SPI futures imply a +1.2% open from yesterday's 8,680.5 close. Gold +2.95% to US$4,703/oz and copper +3.35%, but Brent fell ~8% to under US$101 on the same Iran de-escalation — a split outcome for AU energy.