Blue Chips and Moo Tips

July 18, 2025

Good Morning,

Markets climb as rate cut bets firm, NZX50 up 1.7% on blue-chip rebound, ASX hits record led by banks, Fed Chair faces pressure, bond yields edge lower, PwC offloads restructuring unit, EQT raises $11.4b for Asia, Mint Innovation eyes EV future in $83.6m raise and stay well this winter through cow cuddling?

Let's jump in.

Before The Bell

Markets 

  • NZ sharemarket closes up more than 1% as heavyweight stocks rally NZ (GR)

  • Food chain liquidators reviewing asset transfers before they collapse (NBR)

  • No Job Insecurity Like the FED Chair (Exec Sum)

  • ASX rallies to record on rate cut bets; CBA pace gains (AFR)

News Summary

  • ‘I’m going to cut you up’: Machete attack sparks five-month manhunt (RNZ)

  • ‘All I can do is hope’: Farmer fears another flood (Stuff)

  • There was a rather unusual visitor at Wellington Airport (Stuff)

  • All Blacks team naming: Scott Robertson names squad for third test against France (Herald)

  • United Australia Party and Trumpet of Patriots suffer cyberattack (9 news)

  • Israeli Gaza church strike kills two and injures priest Pope Francis called daily (Guardian)

  • Trump news at a glance: Musk mocks ‘Epstein hoax’ claims after president blasts its ‘stupid’ believers (Guardian)

  • Enter the kill zone: Ukraine’s drone-infested front slows Russia’s advance (RT)

  • 16 and 17-year-olds to be able to vote in next general election (BBC)

Deal Flow

Investments / M&A

  • Mint Innovation moves into EV batteries amid $83.6M raise (NBR)

  • PwC Australia sells restructuring arm to Teneo for millions (AFR)

  • Why buying residential property in an SMSF is a million-dollar mistake (AFR)

  • Australian deal-making has just had its best first half since 2021 (AFR)

  • Why crypto giant Tether bought a South American farming company (RT)

  • Sweden's EQT secures $11.4 billion commitments for its new Asia fund (RT)

  • KKR mulls acquisition of healthcare technology firm GPI, Bloomberg News reports (RT)

  • Ex-Lundin CEO Rockandel Joining Infor to Seize on Mining Deals (BBG)

Daily Picks

  • 'Cow Cuddling' is the new wellness trend taking over the Netherlands (Herald)

  • How an email error sparked a secret scramble to bring thousands of Afghans to Britain (Stuff)

The Daily Deck is sponsored by Industrial Equity, LLC

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