Swingfolio Daily
ASX briefings — Thursday 9 July 2026
Morning setup and afternoon close recap for Thursday 9 July 2026. Observations only — no trade advice.
Thursday 9 July 2026
ASX 200 set to open 0.55% lower as Iran tensions lift oil and drag the Dow down 1.1%
The S&P/ASX 200 is set to open 0.55% lower on Thursday, with SPI futures 47 points down, after President Trump called the Iran ceasefire over and lifted Brent crude 5.2% while the Dow fell 1.1%. Gold slipped 1.5% to about US$4,097 an ounce, weighing on local gold miners, while firmer oil supports energy names WDS.AU and STO.AU at the open.
ASX 200 slips to 8,762.5 as a Rio Tinto downgrade drags miners and an oil surge lifts energy
The S&P/ASX 200 fell 22.6 points to 8,762.5, a fourth straight decline. Materials dropped 1.48% after Morgan Stanley cut Rio Tinto to Underweight and lowered its target to $149.00; RIO.AU lost 3.25%. Energy rose 1.67% and Consumer Staples 0.97% as Brent surged 5.2% overnight following the collapse of the US and Iran ceasefire. Advancers trailed decliners 135 to 145 across the ASX 300.