38m agoThu 13 Nov 2025 at 8:32pmMarket snapshotASX 200 futures: -1.6% to 8,634 points 
Australian dollar: -0.2% to 65.27 US centsS&P 500: -1.7% to 6,735 pointsNasdaq: -2.4% to 22,848 pointsFTSE: -1.1% to 9,807 pointsEuroStoxx: -0.6% to 580 pointsSpot gold: -0.8% to $US4,166/ounce
Brent crude: flat at $US62.97/barrelIron ore:  -0.1% to $US103.55/tonne
Bitcoin: -3.2% to $US98,603

Prices current around 7:30am AEDT

Live updates on the major ASX indices: 

3m agoThu 13 Nov 2025 at 9:07pm

🎥 Dumping net zero will spook investors says economist

The Liberal party decision to dump its net zero by 2050 commitment will create “dismay” among business, an economist says, as it reopens uncertainty.

Director of Green Energy Markets, Tristan Edis, says the announcement would make some international investors nervous.

Mr Edis told Alicia Barry on The Business the Coalition’s energy policies as they stand wouldn’t do anything to bring down power prices, which are likely to come down anyway.

He said prices are elevated due to high gas prices right now, so they will fall over time due to the shift to renewable no matter what party is in power.

Loading…20m agoThu 13 Nov 2025 at 8:50pmUS unemployment rate during shutdown to remain a mystery

White House economic adviser Kevin Hassett has confirmed the US government would release the closely watched employment report for October, but without the jobless rate after a weeks-long federal government shutdown.

“The household survey wasn’t conducted in October, so we’re going to get half the employment report,” he told Fox News.

“We’ll get the jobs part, but we won’t get the unemployment rate. And that’ll just be for one month…

“We probably … will never actually know for sure what the unemployment rate was in October.”

The 43-day government shutdown, the longest on record, caused the suspension of data collection, processing and publishing by several departments responsible for economic statistics in the US.

The employment report is in two parts: the household survey, from which the unemployment rate is derived, and the establishment survey from which the nonfarm payroll count is calculated.

The US government surveys businesses and households for the employment report during the week that includes the 12th day of the month.

Economists had raised doubts about whether the October household survey portion of the report would be published as the data is collected from a random sample of households by field workers.

Mr Hassett also separately told reporters that the Council of Economic Advisers estimated the shutdown, which ended on Wednesday night local time, cost the economy about $US15 billion per week.

He estimated that translated to a subtraction of roughly 1.0 to 1.5 percentage points from annualised gross domestic product growth in the fourth quarter. That is broadly in line with projections from the nonpartisan Congressional Budget Office.

Mr Hassett said the CEA estimated that 60,000 non-federal workers lost their jobs because of the ripple effects of the shutdown.

Reporting with Reuters

42m agoThu 13 Nov 2025 at 8:28pmWall Street takes a dive as investor rate cut hopes fade

Good morning and happy Friday.

In the US, however, it’s still Thursday, and it’s not a happy one, either.

Wall Street has taken a dive, with Nasdaq down well over 2% in late trade and the Dow off more than 700 points.

It follows the end the longest US government shutdown in history, as White House officials warned some economic data for the shutdown period will never be available.

Hawkish comments from Federal Reserve officials saw investor hopes for US interest rate cuts unwind.

Locally, ASX futures are pointing more than 1.5% lower, which could add to yesterday’s fall, as expectations for another RBA rate cut fell following stronger-than-expected jobs data.

It puts the benchmark index on track for its third straight weekly loss.

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