Swingfolio Daily
ASX briefings — Monday 29 June 2026
Morning setup and afternoon close recap for Monday 29 June 2026. Observations only — no trade advice.
Monday 29 June 2026
ASX eyes a firmer open as weekend Gulf strikes lift crude and Wall Street steadies
Australian shares are indicated to open higher after a weekend re-escalation in the Persian Gulf lifted crude, with Brent up 1.12% to US$73.41 and WTI up 1.34%. Wall Street steadied on Friday: the S&P 500 eased 0.05% as MSFT.US (+5.71%) led a shift into software while memory names MU.US and SNDK.US fell. US inflation hit a three-year high of 4.1%, in line with forecasts, and markets now price a near-full Fed rate increase at the October meeting.
ASX 200 rises 0.68% to 8,823 as tech and biotech lead a risk-on rebound; Neuren jumps 36%
The S&P/ASX 200 rose 0.68% to 8,823.4 on 29 June 2026, led by a 4.04% gain in Information Technology and a 2.12% rise in Health Care. Neuren Pharmaceuticals jumped 36% after European regulators backed approval of its licensed Rett syndrome drug DAYBU. Utilities fell 2.58% and REITs 0.96% as money rotated into growth, with breadth running 151 advancers to 73 decliners.