Market Overview - Australian shares are experiencing a positive trend, with ASX 200 futures up by +0.5% [1] - U.S. indexes are also showing gains, with the Nasdaq increasing by +2.7% and the S&P adding +0.5% [3] - Predictions indicate a potential Federal Reserve rate cut in December, alleviating some market fears [3] Company News - Macquarie Bank is making a significant investment of $11.6 billion to acquire logistics operator Qube at a bid of $5.20 per share [5] - Santos is facing delays in its Narrabri gas project due to a Federal Court appeal, which has been postponed to calendar year 2026 [5] - The lithium market is experiencing a downturn, with companies like Liontown and Pilbara seeing losses of up to -6.5% following news of CATL restarting its Jianxiawo mine by early December [6] - Black Peark Group is set to float on the market, while Web Travel and Aspermont are scheduled to release quarterly reports [6] Commodity Prices - The Australian dollar is trading at 64.6 U.S. cents [7] - Iron Ore prices have increased by +1% to $105 per tonne [7] - Brent Crude oil is up by +1.4% to $63.42 per barrel [7] - Gold prices have resumed their rise, currently at $4,135 per ounce [7] - U.S. natural gas futures have decreased by -1.3% to $4.52 per gigajoule [7]
ASX Market Open: Bulls getting their way with a return to green arrows in Week 48 | Nov 25