NCEA gets cut, and so does the crayfish...

Good Morning,

National government announces proposal to abolish NCEA. A crayfish has been killed by customer at a Christchurch restaurant. Toddler found in suitcase on moving bus outside Auckland. NRL team the Panthers, hit with $50,000 fine following events from Saturday night’s match. Heat wave in Europe spikes sales in air conditioners.

Let's jump in

Before The Bell

Markets

• ASX erases its intraday loss, as gold mines experience strong gains in materials (AFR).

• US economic slowdown is among us, while Singapore dollar strengthens (WSJ).

• Asian share markets find support as borrowing costs lower (RT).

Earnings and Data

• Alvarez & Marsal has hired McKinsey partner, Dorian Gaertner, to lead new AI service at the consulting firm (AFR).

News Summary

• Customer at a Christchurch restaurant kills crayfish while under the influence of alcohol (Stuff).

• Panthers hit with a $50,000 fine after trainer ran in front of goal-kicker on Saturday against the Gold Coast Titans (Stuff).

• Frosty mornings to persist, and rain forecasted for late this week (NZ Herald)

• NZ government proposal to abolish NCEA, replacing with NZCE (NZ Herald).

• Women arrested after neglecting toddler in a suitcase on a bus in Kaiwaka (Guardian).

• Europe’s record-breaking heat wave, spikes air conditioning sales (CNBC).

Deal Flow

Investments / M&A

• India’s JSW Steel, and Japan’s JFE plans to invest $669M to increase electrical steel output (RT).

Daily Picks

• Lindsay Lohan opens up about the impacts of being a child celebrity (Stuff).

• 82-year-old women will star in first solo dance show, a new start (Guardian)

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