Morning Call Script - 06 Dec 2023
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
Aussie GDP hit 0.2% QoQ, below the exp 0.4% growth. This latest print will reduce the pressure on Bullock to bring a H1 hike onto the table. However, there was little impact on the lifestyle, with AUD settling sub-0.6600, buoyed by better risk sentiment in Asian stocks (e.g. Nikkei +1.8%)
Elsewhere FX and FI had a stable to positive APAC session… EUR 1.0795, JPY 147.20, GBP 1.2600, CNH 7.1660 and 10s @ 4.2%.
Crypto and Commodities - same tone, price bounce within recent defined ranges... Gold $2025, Crude $78 and XBT $43.75k
BoC the highlight of today's session (some previews from harkster.com)
[Paid Subscribers] For greater detail on the overnight news stories as well as a focus on the day ahead, see The Morning Hark in your inbox around 7.15GMT (2.15 EST) whilst also watch out for Read on the Trading Floor around 17.30GMT (12.30EST), which captures the macro themes trending on Harkster.com over the past 24hrs.
Have a great day, and keep smiling!
Podcast for the Commute
Saxo Markets - Special Edition: Saxo’s Outrageous Predictions 2024
The Day Ahead
EUR (07:00): German factory orders
GBP (09:30): PMI
GBP (10:30): Financial stability report
GBP (11:00): Bailey
USD (13:15): ADP
USD (13:30): Unit Labour Costs
PLN (10min warning): NBP
CAD (15:00): BoC
EUR (15:00): Bundesbank Nagel
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.