Dow Jones hits an all-time high as investors cheer progress on inflation (Stuff)

Good Morning,

Investors cheer Fed's dovish pivot, as focus shifts to 2024 risks, Kiwibank revises up house price forecast due to 'massive' migration, Oil Demand Growth Shows Signs of Sharper Slowdown, IEA Says, Greenpeace takes Woodside to court alleging greenwashing, Air NZ’s earnings guidance prompts Forbar downgrade and Bitcoin surge stokes huge volumes for Aussie crypto exchanges.

Let's jump in.

Before The Bell

Markets

• GDP: Economic activity falls 0.3% in September quarter (Stuff)

• Dow Jones hits an all-time high as investors cheer progress on inflation (Stuff)

• Investors cheer Fed's dovish pivot, as focus shifts to 2024 risks (RT)

• Stocks and Bonds Rally as Traders Bet on Rate Cuts: Markets Wrap (BBG)

News Summary

• 'Worksites are not a place for childcare,' WorkSafe warns after a child struck by forklift (Stuff)

• 'I was going to bring the missus down, but that ain’t going to happen' (Stuff)

• Kiwibank revises up house price forecast due to 'massive' migration (Stuff)

• In photos: The planes China hopes will rival Boeing and Airbus (Stuff)

• Why the Indian Ocean could be China's Achilles' heel in a Taiwan war (RT)

• Big Tobacco's transition under fire as WHO targets vaping (RT)

• EU top court rejects 250 mln EU tax order to Amazon (RT)

• Samsung C&T Pushed to Make Changes by Third Activist Investor (BBG)

• Oil Demand Growth Shows Signs of Sharper Slowdown, IEA Says (BBG)

• Japan to Use More Tax Incentives to Encourage Wage Increases (BBG)

• India’s Wholesale Inflation Rises for First Time in Eight Months (BBG)

• Greenpeace takes Woodside to court alleging greenwashing (AFR)

• ASX to jump after Fed greenlights future rate cuts (AFR)

• Bitcoin surge stokes huge volumes for Aussie crypto exchanges (AFR)

• Arvida’s shares jump on news it turned down takeover offer (NBR)

• Air NZ’s earnings guidance prompts Forbar downgrade (NBR)

• Air NZ to trial Starlink internet on domestic routes next year (NBR)

• Citibank NZ warned by RBNZ over AML failures (NBR)

Deal Flow

Investments / M&A

• Toronto Stock Exchange operator TMX buys remaining stake in VettaFi for $848 mln (RT)

• Australian competition watchdog approves Woolworths' stake buy in Petstock (RT)

• Australian competition regulator approves Viva Energy's acquisition of OTR Group (RT)

Equity Raises

• Medical device company CathRx gathers fresh funds (AFR)

Daily Picks

• Price Check: dazed and confused at the supermarket (NBR)

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