- The Daily Deck
- Posts
- US inflation data leaves a pleasant surprise
US inflation data leaves a pleasant surprise
Good Morning,
Consumer behaviour in China will determine how much New Zealand milk and meat the country will need, Fund managers are scouring the artificial intelligence, life science and next-generation medical technology spaces & Wall Street cheered new U.S. inflation data that raised hopes of the Federal Reserve wrapping up its rate-hiking campaign.
Let's jump in.
Before The Bell
Markets
After one of the strictest Covid zero policies in the world finally lifted in December, consumer behaviour in China will determine how much New Zealand milk and meat the country will need. (Stuff)
His first three years in the job was dominated by the pandemic, but now Air New Zealand’s high-flying chief executive Greg Foran can finally make his mark on the 51 per cent state-owned national carrier. (Herald)
Fund managers are scouring the artificial intelligence, life science and next-generation medical technology spaces to find stockmarket businesses that could grow five, 10 or 100 times in value as tomorrow’s blue-chip winners. (AFR)
Stocks and currencies in Asia rallied after an unexpected inflation slowdown bolstered bets that the Federal Reserve’s aggressive hiking cycle is over. Treasuries extended their advance. (BBG)
Stocks rallied Tuesday, building on their strong November gains, as Wall Street cheered new U.S. inflation data that raised hopes of the Federal Reserve wrapping up its rate-hiking campaign. (CNBC)
Earnings and Data
Donald Trump’s social-media business generated just $2.3 million in sales in the first half of the year on its way to a loss, underscoring the nascent company’s struggles as it pushes to close a deal that would make it publicly traded. (BBG)
News Summary
NZ First leader Winston Peters is back at the negotiation table as he returns to the Pullman Hotel, likely to hold further talks with National this evening. (Herald)
Auckland Mayor Wayne Brown says people on low incomes and Gold Card holders could get discounts or be exempt from being charged $5 per trip on some of the city’s busiest motorways. (Herald)
Canterbury batter Henry Nicholls has been cleared of ball tampering following a New Zealand Cricket disciplinary hearing. (Herald)
The officers who apprehended a terrorist after he attacked two mosques in Christchurch on 15 March 2019 believed he had bombs in his vehicle. (Stuff)
Over 5000 people have signed a petition demanding rearrests of six tourists after a brutal bar brawl lands two local nightclub employees in hospital with stab wounds in Rarotonga. (Stuff)
Queensland is in the midst of a COVID-19 wave, but cases are becoming less severe and a new mask mandate would be "disproportionate", the state's chief health officer says. (9 News)
Xi Jinping arrives in the US as his Chinese Dream sputters. (BBC)
The next generation of the Toyota Camry, the best-selling sedan in the U.S. market, will come with only a gas-electric hybrid powertrain, the boldest move yet by the Japanese automaker to push hybrid technology into the heart of the U.S. market. (RT)
Deal Flow
Investments / M&A
VC & Fundraising
Karoon Energy is raising around $US300 million ($460 million) via Macquarie Capital, to fund the purchase of assets in the Gulf of Mexico from the privately held LLOG Exploration Company. (AFR)
Equity Raises
Hebei Gellec New Energy Science & Technology Co. is considering a Hong Kong initial public offering as early as next year after shelving previous plans for a listing in mainland China, according to people familiar with the matter. (BBG)
Renault will try on Wednesday to fire up doubtful investors ahead of a planned market listing of its electric vehicle (EV) unit Ampere, a key plank of CEO Luca de Meo's revamp of the French automaker. (RT)
Daily Picks
The Daily Deck is sponsored by Industrial Equity, LLC
Reply