Record stock market is making 'rich people richer' - Trump

Good Morning,

Hedge Funds turn bearish on Dollar as Goldman sees more declines, Asia shares slip into BOJ meeting, New currency-hedged ethical fund from Betashares, Cash-strapped Massey University to sell or lease parts of its campuses, Canada to announce all new cars must be zero emissions by 2035, Lithium companies’ Allkem and Livent’s $9.7 billion AUD merger splits pension funds

Let's jump in.

Before The Bell

Markets

• Hedge Funds turn bearish on Dollar as Goldman sees more declines (BBG)

• Asia Shippers jump as Red Sea attacks set to lift freight rates (BBG)

• Asia shares slip into BOJ meeting, US inflation test (RT)

• It’s the ‘new lithium’: Uranium tipped to extend bull run into 2024 (AFR)

• Bond traders bet on aggressive rate cuts in 2024 (AFR)

News Summary

• Modular house builder fails after underpricing builds (NBR)

• New currency-hedged ethical fund from Betashares (GR)

• General Capital appoints another ex SFO lawyer as director (NBR)

• 'We don't tend to take anything too seriously': Pleasant Point parade returns with plenty of jabs (Stuff)

• Cash-strapped Massey University to sell or lease parts of its campuses (Stuff)

• New government helps boost consumer confidence, but women feel worse off than men (Stuff)

• Covid-19: Wave could continue into New Year, thanks to fast growing variant JN.1 (RNZ)

• Prosecutors want ADHD expert Tony Hanne to never work again (RNZ)

• Bushfire shuts down major highway, threatens homes in Perth (9 News)

• ‘Prison or bullet’: new Argentina government promises harsh response to protest (Guardian)

• SenseTime plunges after death of China AI firm’s co-founder (BBG)

• Canada to announce all new cars must be zero emissions by 2035 (RT)

• F1 champion Max Verstappen hit with 'absurd' $2 million fine for winning too much (Stuff)

Deal Flow

Investments / M&A

• Lithium companies’ Allkem and Livent’s $9.7 billion AUD merger splits pension funds (AFR)

• Irish building materials giant CRH and Victoria’s Barro family have made a $2.1 billion buyout proposal for cement maker Adbri (AFR)

• Japanese giant MUFG in $1.2b buyout of superannuation and share registry administrator Link Group (AFR)

• Intermediate Capital Group set to acquire Cura Day Hospitals (AFR)

• Lithium heavyweights on cusp of sealing Azure partnership (AFR)

• Unilever to sell Elida Beauty to Yellow Wood (RT)

• Abu Dhabi nears deal to buy stake in Turkish port (RT)

Daily Picks

• Trump bemoans record stock market as just making 'rich people richer' (RT)

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