ASX Market Open: Brace for a Friday dump as rate cuts chances vanish here, abroad | Nov 14
AppleApple(US:AAPL) The Market Online·2025-11-13 21:36

Market Overview - Australian shares are expected to decline significantly, with ASX 200 futures indicating a drop of -1.4% (approximately 120 points) following the end of the U.S. government shutdown [1] - The conclusion of the shutdown initially sparked excitement, but concerns over "lingering disruptions" in economic data have led to a downturn in Wall Street, with the S&P 500 and Dow Jones falling -1.7% and the Nasdaq composite dropping -2.3% [2] Economic Sentiment - The Liberal Party's decision to abandon its net-zero by 2050 commitment has caused dismay among long-term investors, contributing to uncertainty in the market [3] - Unemployment in Australia has decreased to 4.3%, which is better than the anticipated 4.5% [3] Company News - Telix Pharma (ASX:TLX) is under scrutiny as several U.S. law firms have filed class-action lawsuits against the company, alleging "false or misleading statements" regarding its progress [5] - Bio-Gene Technology (ASX:BGT) has achieved organic listing status for its Qcide product in the U.S., marking a positive development [5] - PacGold (ASX:PGO) has reported promising drilling results at its White Lion project, indicating further exploration is warranted [6] - DroneShield (ASX:DRO) experienced a significant decline of -31% after CEO Oleg Vornik sold all his shares, raising concerns about the company's future [6] Commodity and Currency Update - The Australian dollar is trading at 65.2 U.S. cents [7] - Iron Ore prices remain stable at $102.85 per tonne, while Brent Crude has increased by +0.4% to $62.99 per barrel [7] - Gold is holding steady at $4,180 per ounce, and U.S. natural gas futures have risen by +1.4% to $4.59 per gigajoule [7]