Markets Today (13 November 2025) at Open: Key Trends from Wall Street to ASX

1. ASX Outlook-

The ASX 200 (XJO) is currently trading around 8,789.9, which is down 9.6 points (-0.11%). The market is open, and overall the movement is fairly small — meaning it's a relatively steady start to the day.

2. Overnight US Markets:

The US market was mixed, but the Dow hit another record high, which shows strength in traditional, big industrial companies. Tech stocks dipped a bit — this sometimes influences the Australian IT sector.

3. US Sector Performance

Winners:

Health Care: +1.36% Financials: +0.90% Materials: +0.76%

Losers:

Consumer Discretionary: -1.05% Communication Services: -1.18% Energy: -1.42%

Australia is heavily weighted toward Financials and Materials, both of which performed well in the US — this usually provides support for the ASX. Energy stocks may be under pressure today due to weaker sector performance and falling oil prices.

4. Commodities:

Gold: Up 1.60% -Trading around US$4,192
Gold miners often benefit from rising gold prices.

Copper: Up 0.30%
Good for companies like BHP and other miners.

WTI Oil:Down 4.35%
This is a significant drop — may weigh on ASX energy stocks.

Oil prices tumble almost 4% as OPEC forecasts more balanced crude market in 2026 vs. prior expectations of a supply deficit.

5. What to Watch Today (ASX Focus)

1. Gold & Silver Surge

• Gold jumped almost 2% overnight; silver rose 4.2%.
• Gold and silver miner ETFs rose between 3.3% and 3.8%.
• NYSE-listed miner Newmont was up 3.4%, now close to a record high.

ASX Impact:
Australian gold miners like Newcrest, Northern Star, Evolution may see strong buying today.

2. Australia’s Unemployment Data (Very Important Today)

• October unemployment data will be released at 11:30 AM AEDT.
• Expected: 4.4%
• Previous month: 4.5% (which was a surprise jump)

Why this matters:

• A stronger-than-expected unemployment figure could influence the RBA’s future interest rate decisions, especially since inflation is still hot.
• Markets may move around 11:30 AM when the data drops.

6. Broker Move:

Broker upgrades can move stock prices because investors take them seriously.

• Challenger (CGF): Upgraded to Equal-weight from Underweight
  • Price target raised to $8.50 from $7.00
• Domino’s Pizza (DMP): Upgraded to Neutral from Sell
  • Target lifted to $19.85 from $13.25
• Inghams (ING): Upgraded to Buy from Hold
  • Target unchanged at $2.75

Upgrades may boost these stocks during the session.

7. Stocks Trading Ex-Dividend:

• ANZ (ANZ) – $0.83
• Dicker Data (DDR) – $0.11
• Future Generation Australia (FGX) – $0.036

Our take at Kapitales Research:

• ASX is slightly down this morning despite positive global cues.
• Gold and mining stocks may outperform thanks to strong overnight moves.
• Energy stocks may fall due to the sharp drop in oil prices.
• Watch 11:30 AM unemployment data — expect volatility.
• US markets were mixed, but overall not negative.

• Several broker upgrades could affect specific stocks: Challenger, Domino’s, Inghams.

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