Nearly $50 bln wiped from ASX

Good Morning,

Bitcoin Breaks US$70000, Kernel launches NZ-first target maturity bond funds, US inflation fears put dampener on NZ sharemarket, NZ Govt welcomes trustee tax rate recommendation, Kiwibank & ASB cut home loan rates, Head of Pakistan's biggest bank to lead finance ministry, Telecom Italia sees net debt rising to $8.21 bln after network sale, Aussie IVF company GenEmbryomics plans Nasdaq listing

Let's jump in.

Before The Bell

Markets

• US inflation fears put dampener on NZ sharemarket (GR)

• Investors wiped nearly $50 billion from the Australian sharemarket on Monday in the largest sell-off in more than a year (AFR)

• Oil prices fall on China demand worries (RT)

• Gold rally hits pause ahead of US inflation data (RT)

News Summary

• Central Otago gold explorer Santana Minerals retracts ASX announcement (NBR)

• NZ Govt welcomes trustee tax rate recommendation (NBR)

• Sydney-Auckland flight ‘drops suddenly’, 50 passengers and crew injured (Stuff)

• Kiwibank & ASB cut home loan rates (Stuff)

• Byelection for Scott Morrison's former seat to take place in April (9 News)

• Stock supply improves for critical ADHD medication (9 News)

• Labor wants to make ‘doxing’ a crime but how would the proposed laws work? (Guardian)

• Paris has hiked parking charges on SUVs. Now cities like London are taking note (CNBC)

• Head of Pakistan's biggest bank to lead finance ministry (RT)

Deal Flow

Investments / M&A

• Task Group attracts A$310m offer from NYSE-listed Par Technology (NBR)

• Bostock Brothers to stay involved after selling chicken venture for $35.3m (NBR)

• Singaporian Sqreem’s A$30m buyout of Trade Indy (AFR)

• Qantas, Airbus and Idemitsu tip in for sustainable fuel play Jet Zero (AFR)

• Netherlands, Germany near deal on TenneT grid (RT)

• Cameron Partners chases buy-side role for Fisher Funds stake (AFR)

• Kernel launches NZ-first target maturity bond funds (GR)

• Future Super keeps an ear out for potential buyers (AFR)

VC & Fundraising

• Former Young Rich Lister lands A$12.5 million for second start-up (AFR)

• Aussie IVF company GenEmbryomics plans Nasdaq listing

Equity Raises

• Barrenjoey, Canaccord raising for Lake Resources; 39.1pc discount (AFR)

• All eyes on GQG co-founder Rajiv Jain; $300m block tipped (AFR)

Debt

• Telecom Italia sees net debt rising to $8.21 bln after network sale (RT)

Daily Picks

• Rising mortgage stress sees more homes for sale (Stuff)

The Daily Deck is sponsored by Industrial Equity, LLC