Swingfolio Daily
ASX briefings — Tuesday 19 May 2026
Morning setup and afternoon close recap for Tuesday 19 May 2026. Observations only — no trade advice.
Tuesday 19 May 2026
ASX 200 set to bounce 1.1% after Monday's 1.5% slide; Wall St mixed and oil holds above US$100
SPI 200 futures imply the ASX 200 opening +95 points (+1.1%) higher at ~8,600, recovering part of Monday's 125.5-point (-1.5%) slide to 8,505.30. Overnight Wall Street was mixed: Dow +0.32%, S&P 500 -0.07%, Nasdaq -0.51% on memory-chip weakness, US 10Y yield at 4.63%. Brent above US$109 and gold at US$4,570 support energy and gold miners; iron ore near US$110/t keeps materials watchful after Monday's BHP.AU -2.6%, RIO.AU -3.2% sell-off. RBA May Meeting Minutes due 11:30 AEST.
ASX 200 +1.17% to 8,604.7 as Trump pauses Iran strike — banks, staples rally; lithium and rare earths dumped
ASX 200 +1.17% to 8,604.7 after Trump postponed a planned Iran strike at the request of Saudi/Qatar/UAE leaders. Banks, consumer staples and healthcare led; AU VIX collapsed -5.66% to 13.43. Lithium and rare earths sold heavily as US/China rare-earth truce talks trimmed the non-China supply premium investors had been paying.