Morning Call Script - 04 June 2024

Overnight asset drivers & the impending data calendar

You can manage your preferences here if you would like to receive only certain newsletters.

What’s Moved Overnight

• Positivity continues into the Asian session    

  • Nikkei 38820, CSI 3600, Crude $73.50, Brent $77.70, Gold $2348, XBT 69125, ETH 3770, EUR 1.0910, GBP 1.2810, AUD 0.6680, JPY 156.18, CNH 7.2570, US2s at 4.83% and US10s at 4.41%.

• Reform vs Conservatives, Farage vs Rishi, Labour are just sitting back and watching the right carve up their voter base. This election has turned into who will be the biggest opposition party in early July, not who will be the next PM. 

  • Bloomberg - Nigel Farage Barrels Into UK Campaign as Sunak Faces First Debate Against Starmer

• After the initial shock from early counting, all has settled in India. Modi is now projected to earn a two thirds majority. 

  • Reuters - Modi's alliance dominates early in India election vote count, but opposition also gains

  • FT - Indian markets hit record highs as exit polls forecast Modi victory

Stream your favourite financial content into your own custom research inbox, including bank publications, independent research, podcasts, financial press and more. - "It's like Tweetdeck for financial research".

HarksterPRO includes complimentary access to our full-featured research inbox, which the team uses daily. Try the basic version out for FREE here.

ㅤㅤㅤ

Have a great day, and keep smiling!

Podcast for the Commute

• The Rest is Politics - The return of Nigel Farage: does it matter?

The Day Ahead

• EUR (08:55): German UER

• CHF (07:30): Swiss CPI

• USD (15:00): JOLTS and factory orders

Stay informed throughout the day with our new commentary channel (‘Intraday Market Colour’) highlighting key notes, topics du jour, and HarksterHQ’s market updates around key data points and headlines. 

Available on the HarksterPRO Research Platform.

ㅤㅤㅤ

 

 

The information provided in this post is for general information purposes only. No information, materials, services, and other content provided in this post constitute solicitation, recommendation, endorsement or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.