Rise and Shine: Everything you need to know before the ASX opens

Good morning everyone and welcome to Rise and Shine on Thursday, November 13, 2025. Here’s what you should know before the ASX opens today…

At 7am AEST, futures were up about 0.3%, hinting the ASX might start Thursday with a bit of spring in its step.

Here’s what happened overnight while you were asleep….

Dow Jones hits records

Overnight, the Dow hit a fresh intraday record, up by 0.7%, the S&P 500 slipped 0.03%, and the Nasdaq tumbled by 0.47%.

AMD jumped over 7% after laying out its AI roadmap, but Nvidia, Amazon, Apple and Tesla all gave a little back.

Anthropic says it will spend US$50 billion building GPU data centres in Texas and New York.

CEO Dario Amodei calls it “AI that can prove unsolved mathematical theorems and write difficult codebases from scratch.”

Meanwhile, Silicon Valley has apparently moved on from “artificial intelligence” to “superintelligence”.

These are machines so sharp they could out-think Nobel laureates, outwrite novelists, and outcode the coders who built them.

Shutdown drama continues

After 42 days of shutdown, House Republicans are expected to vote through the funding bill later today, ending the longest closure in US history.

The problem for traders is data, or the lack of it.

With US agencies frozen for six weeks, markets have been flying blind.

The October CPI and jobs data may never even surface, with White House press secretary Karoline Leavitt warning that “the Democrats may have permanently damaged the federal statistical system.”

Economists are now debating whether the Bureau of Labor Statistics can backfill the gap, or just quietly sweep October under the rug.

Gold shines as traders hedge the chaos

Gold climbed more than 1.5% overnight to nearly US$4,200 an ounce, as traders hedged against any last-minute stunt in Congress.

“Any hiccups on House approval, like a delay, would cause both stocks and precious metals to stumble quickly,” said independent trader Tai Wong.

And with the world’s biggest statistical agency currently offline, gold’s biggest asset right now might just be the fact it doesn’t rely on government data.

Oil slips as OPEC sees surplus ahead

Crude oil fell more than 3% last night after OPEC’s latest monthly report forecast a small surplus in 2026, a sharp U-turn from earlier deficit predictions.

OPEC+ output dropped slightly in October to 43.02 million barrels a day, but the cartel now expects overall supply to exceed demand by about 20,000 barrels a day next year.

That’s a rounding error in the global market, but for traders it’s enough to dump their long positions.

And finally…

Locally, investors will have their eyes on results from GrainCorp, Orica, and Catapult Sports.

AGMs will light up the diary for Arena REIT, AUB Group, Computershare, GYG, NextDC, Pexa, and a dozen others.

At 11.30am AEDT, Australia’s October labour force report lands.

Overseas, the US House is set to vote around 7pm (11am AEDT) to finally end the shutdown saga.

Commodity/forex/crypto market prices

What got you talking

Also in the news…

Health Check: Control Bionics’ (ASX:CBL) tie-up with Apple looks a crunchy bite.

Broker Upgrades: With prices booming, analysts are taking a shine to these gold and silver juniors.

Quantum shockwave hits finance as Aussie companies join the race.

Could these gas projects emerge from limbo to meet East Coast supply crunch?

Silver has gone gangbusters in 2025 and these are the ASX stocks riding the wave hardest.

Trading halts

Bastion Minerals (ASX:BMO) – cap raise
Volt Group (ASX:VPR) – proposed acquisition and cap raise
Sagalio Energy (ASX:SAN) – failure to respond to ASX query
Superior Resources (ASX:SPQ) – pending hearing to validate uncleansed shares

At Stockhead, we tell it like it is. While Osmond Resources is a Stockhead advertiser, it did not sponsor this article.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.