An $80 Billion Crash in India’s Small Caps Flashes Warning Signs

Good Morning,

US House Passes Bill That Would Force TikTok Sale or Ban It, Macquarie says it’s time to sell the big four banks, Nvidia CEO Huang Is Center Stage as Bulls Eye New Rally Triggers, Citi’s Top Tokyo Banker Predicts Deal Surge After Stagnation and Private credit ties to banks deepen in Europe as default risk rises.

Let's jump in.

Before The Bell

Markets

• Stock Futures Advance With US Inflation in Focus: Markets Wrap (BBG)

• Oil Markets Face Supply Deficit on OPEC+ Curbs, IEA Says (BBG)

• Banks pull ASX lower; copper producers rally, Arafura soars 75pc (AFR)

News Summary

• Spark to lay off staff, AI could replace some roles (Stuff)

• More sales, higher prices as property market picks up (Stuff)

• Mataura Valley Milk the first fully electric dairy factory in NZ (Stuff)

• US House Passes Bill That Would Force TikTok Sale or Ban It (BBG)

• Citi’s Top Tokyo Banker Predicts Deal Surge After Stagnation (BBG)

• An $80 Billion Crash in India’s Small Caps Flashes Warning Signs (BBG)

• Nvidia CEO Huang Is Center Stage as Bulls Eye New Rally Triggers (BBG)

• Exclusive: Trump launched CIA covert influence operation against China (RT)

• Schneider Electric to invest $140 million to boost U.S operations (RT)

• Private credit ties to banks deepen in Europe as default risk rises (RT)

• Exclusive: Chinese buyers cancel, postpone Australian wheat buys amid global surplus (RT)

• Macquarie says it’s time to sell the big four banks (AFR)

• Hoyts to focus on NZ films to rebuild box office (NBR)

• DGL CFO quits after 16 months (NBR)

Deal Flow

Investments / M&A

• Cyber Startup Wiz to Buy Gem Security for $350 Million (BBG)

VC & Fundraising

• Pet medicinal cannabis company raising $2m for further studies (NBR)

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