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Rise and Shine: Everything you need to know before the ASX opens
Good morning! Here’s everything you need to know before the ASX flings open its doors and begins trading today.
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Good morning everyone and welcome to Rise and Shine on Friday, May 15, 2026. Here’s what you should know before the ASX opens today…
At 7am Sydney on Friday, the S&P ASX 200 futures were pointing up 0.5%, setting the ASX up for a decent rebound.
The Dow rose 0.75%, the S&P 500 climbed 0.8%, and the Nasdaq added 0.9%, with the S&P closing above 7,500 for the first time ever.
ASX Preview: Australian Shares Set to Rise as Oil Surges on Middle East Tensions; Life360 Posts Lower Q1 Earnings, Higher Revenue
Australian shares are poised to rise on Tuesday as oil prices surged above $104 a barrel amid escalating Middle East tensions, after US President Donald Trump warned that a fragile Iran ceasefire was "on life support" following stalled negotiations and continued disruption to shipping through the Strait of Hormuz. Overnight, the S&P 500 and the Dow Jones Industrial Average each rose 0.2%, while the Nasdaq Composite gained 0.1%. In the macroeconomy, the ANZ-Roy Morgan Australian consumer confidence fell 3.1 points to 64.1 in the week of May 4 to May 10, ANZ reported Tuesday. Investors are eyeing the release of Westpac consumer confidence and NAB business confidence reports. In corporate news, Life360 (ASX:360) reported Tuesday first-quarter earnings of $0.03 per share on revenue of $143.1 million, compared with earnings of $0.05 on revenue of $103.6 million a year earlier. Insurance Australia Group (ASX:IAG) is targeting gross written premiums of over AU$25 billion, a more than 15% return on equity, and high single-digit earnings per share growth per year by 2030. Australia's benchmark index fell 0.5% or 42.6 points to close at 8,701.80 on Monday.
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ASX opens higher lifted by tech and bank stocks
More news: Australian shares opened higher as investors rotated into tech and bank stocks after heavy selling in previous sessions, tracking a tech rally seen on Wall Street overnight where AI optimism fuelled the market.
The benchmark ASX 200 was up by 41 points, or 0.47%, to 8,681 at 10:50am AEST. Nine of the 11 sectoral indices opened in the green.
Tech (+3.76%) was the strongest performing sector at the open, supported by Xero (+9.73%), WiseTech (+2.05%), Technology One (+3.13%) and Megaport (+3.66%).
4D Medical (+7.04%), DroneShield (+5.97%), Zip (+4.37%) and Reece (+4.04%) were among the best performing stocks across the ASX 200 at the open.
Elsewhere, mining (-1.96%) was the weakest performing sector, weighed down by BHP (-1.40%), Fortescue (-2.52%), Evolution Mining (-2.27%) and PLS (-3.37%).
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