Slow day for deals as Markets appreciate and USD slides!

Good Morning,

New Zealand sharemarket has a late rise, ASX closes higher, Japan shares hit three-decade high, yuan shoves US dollar down, Temu is spending 'millions' to disrupt online shopping habits, More Americans on Ozempic Means Smaller Plates at Thanksgiving, Black Friday & Cyber Monday Spending Projected to Hit New High, Westpac to raise $488 million in additional Tier 1 capital

Let's jump in.

Before The Bell

Markets

• New Zealand sharemarket had a late rise today as the waiting game continued on Ebos Group’s latest development. (GR)

• ASX closes higher, buoyed by Woodside & Santos as oil holds 4pc rally (AFR)

• Japan shares hit three-decade high, yuan shoves US dollar down (RT)

• US Dollar slides to over two-month low as Fed cut bets take charge (RT)

• Oil extends gains as OPEC+ to mull deeper cuts (RT)

News Summary

• Egg wholesaler blames ban for 'crashing' business (Stuff)

• Kiwibank increases one-year home loan rate, no longer market cheapest (Stuff)

• Carpark chaos at Newmarket Westfield prompts concerns about whether Auckland roads can handle holiday demand (Stuff)

• Aussie who laundered more than $300K argues against deportation on 'humanitarian grounds' (Stuff)

• Temu spending 'millions' to disrupt online shopping habits (Stuff)

• Australia win sixth Cricket World Cup (Guardian)

• CCTV shows moment Molotov cocktail thrown into Melbourne ice cream shop (9 News)

• 'Dangerous, unsafe, unprofessional': Albanese hits out at China over sonar pulses (9 News)

• What went wrong at Optus? CEO resigns. (9 News)

• India tunnel workers may be trapped for another four or five days, says official (Guardian)

• Sam Altman will not return as OpenAI CEO after talks fail (Guardian)

• More Americans on Ozempic Means Smaller Plates at Thanksgiving (BBG)

• Black Friday, Cyber Monday Spending Projected to Hit New High (BBG)

Deal Flow

Investments / M&A

• JPMorgan launches $70m SG Fleet block trade (AFR)

• KPMG seeks buyers for private equity backed artisanal bread maker, Noisette (AFR)

Equity Raises

• Westpac to raise $488 million in additional Tier 1 capital (RT)

• Terms out for pathology business, Healius’ $187m rights issue (AFR)

• BlackRock-backed EV charging firm, JOLT Charge seeks fresh funds (AFR)

Daily Picks

• Boeing 787 plane capable of carrying 300 passengers lands in Antarctica in 'world first' (SKY)

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