Morning Call Script - 05 Mar 2024
Overnight asset drivers & the impending data calendar
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What’s Moved Overnight
Tokyo CPI 2.5% as expected (previous 1.8%)
Caixin Composite PMI on the screws @ 52.5, growth target set at 5% (as expected)
The Guardian - China sets challenging GDP target in face of regional tensions and ageing population
CSI 300 increased to a 14-week high of 3563.00 that's 7.5% over the past 4 weeks
Fed Bostic, when rate cuts start, they will not be back-to-back. Favours two cuts from Q3.
Markets - Crude 78.30, Gold 2115, EUR 1.0847, GBP 1.2680, AUD 0.6480, JPY 150.50, CNH 7.2100 and 10s 4.21%
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Have a great day, and keep smiling!
Podcast for the Commute
Blind Squirrel Macro - Pod: The 🐿️ must be on drugs!
The Day Ahead
EUR (08:55): Germany Services and Composite PMI
EUR (09:00): Germany Services and Composite PMI
GBP (09:30): Services and Composite PMI
USD (15:00): ISM Services
Fed's Barr @ 17:00
Super Tuesday on the US campaign trail
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