Banks 'cool down' rates, as UK homes heat up

Good Morning,

ANZ lowers home loan rates. A new political poll shows Prime Minister Christopher Luxon’s popularity falling while Labour gains support. UK homes temperatures are rising due to the climate crisis. Christchurch’s new indoor stadium is underway.

Let's jump in.

Before The Bell

Markets

• Japan’s Nikkei set to rejoin the all-time high club (RT)

• ASX edges higher before RBA decision; lithium miners rocket after major China mine suspension (AFR)

• European market sets to start the week off on a high, as trade landscape remains focus (CNBC)

Earnings and Data

• Denmark’s Orsted plans to raise $9.4 billion in rights issue (RT)

News Summary

• ANZ trims home loan rates; suspected other banks will follow suit (Stuff)

• Luxon’s popularity drops, while Labour party’s rises in new political poll (NZ Herald).

• UK Homes heating up, unprepared with impacts of climate crisis (Guardian)

• Take a sneak-peak look into Christchurch new indoor stadium (Stuff)

Deal Flow

Investments / M&A

• Former OpenAI researcher has quickly amassed more than $1.5 billion after AI-related bets (WSJ).

Daily Picks

• Mother swallows’ gum during surgery spends another 3 months in hospital (Stuff).

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