Morning Call Script - 06 June 2024
Overnight asset drivers & the impending data calendar
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What’s Moved Overnight
Light data calendar in Asia and the positivity from Wall Street feed through. S&P hit a 25th record high, Nvidia broke $3trillion (> valuation than Apple) and the mkt is again looking at 2 Fed cuts in 2024.
Nikkei 38750, CSI 3608, Crude $ 74.55, Brent $ 78.80, Gold $ 2368, XBT 71k, ETH 3863, EUR 1.0886, GBP 1.2795, AUD 0.6660, JPY 155.75, CNH 7.2565, US2s at 4.75% and US10s at 4.30%.
Elsewhere in the news
ECB dominates the day ahead
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Podcast for the Commute
The Inflation Guy / Mike Ashton - Until the Job is Almost Done
The Day Ahead
EUR (07:00): German Factory Orders
EUR (08:30): Eurozone, French and German HCOB Construction PMI
GBP (09:30): S&P Construction PMI
EUR (13:15): ECB Interest Rate
USD (13:30): Initial Claims, Balance of Trade, Unit Labour Costs
EUR (13:45): ECB Press Conf
CAD (15:00): Ivey PMI
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.
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