Morning Call Script - 06 Feb 2024

Overnight asset drivers & the impending data calendar

HarksterPro subscribers receive this daily piece around 6:50am (GMT). If you would also like this piece to help prepare for your teams morning call as well as the entire range of HarksterPRO publications, please subscribe here. Otherwise the Freeview will be sent at 8.00am (GMT).

What’s Moved Overnight

• RBA - unchanged as expected at 4.35%, further increase in interest rates cannot be ruled out. (AUD +35bps and back above 0.6500)

  • Reuters - Australia's central bank holds rates, warns of possible further hike

• Fed's Q4 SLOOS reported tighter standards and weaker demand

  • Stenos Signals - Breaking SLOOS survey: The US economy is accelerating and inflation risks are back!

• China market stabilisation "efforts" continue, with expectations rising for Xi's economic briefing, the state fund Central Huijin Investment said it has expanded its scope of investment in ETFs and China's securities regulator said it will guide institutional investors to raise stock investments and encouraged listed companies to increase buybacks. CSI 300 up 3% to 3300 as a result.

  • Bloomberg - China Stocks Rebound as Beijing Intensifies Efforts to Stem Rout

  • Bloomberg - Wall Street Snubs China for India in a Historic Markets Shift

  • Reuters - Why China's national team won't save spiralling markets

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 Blind Squirrel Macro - Just waitin' for the maturity wall

The Day Ahead

• EUR (07:00): German Industrial Orders

• EUR (10:00): Retail Sales

• CAD (15:00): Ivey PMI

• Fed Speak: Mester (17:00), Kashkari (18:00) and Collins (19:00)

• BoC Macklem (18:00)

• NZD (21:45): UER

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.