Morning Call Script - 06 Nov 2023
Overnight asset drivers & the impending data calendar
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What’s Moved Overnight
APAC stocks followed the positive Wall Street close; South Korea's short-selling ban gave its index the yellow jersey = +4%
The calm after the position unwind storm ... inline with Asian equities, we've had a softer USD bias but limited extension of last week's squeeze in G10 AUD 0.6515, JPY 149.50 , CAD 1.3650, GBP 1.2380 and EUR 1.0735.
What does Fed speak deliver now? Will they push back against the softness in FCI, a week after adding "tightening financial conditions" to their statement? .. there are nine scheduled Fed speakers including two from JPow
Gaza/Israel - following Blinken's visit, Netanyahu said their would be no ceasefire until hostages are returned
AI is coming to X and ANT Group has Chinese permission to launch
Reuters - Musk to integrate xAI with social media platform X. "Grok has real-time access to info via the X platform, which is a massive advantage over other models,"
Reuters - Ant Group wins approval to release AI products to Chinese public | Reuters
RBA - looking ahead to this evening, economists are all-in on a rate hike whilst futures are 50-50
Have a great day, and keep smiling!
Podcast for the Commute
Steno Research - Either you do Japan or Japan will do you! Guest: Weston Nakamura
The Day Ahead
EUR (08:50): HCOB French Services and Composite PMI
EUR (08:55): HCOB German Services and Composite PMI
EUR (09:00): HCOB Eurozone Services and Composite PMI
GBP (09:30): S&P Global / CIPS Construction PMI
CAD (15:00): Ivey PMI
USD (16:00): Fed Cook
GBP (17:00): BoE's Pill
USD (19:00): Senior Loan Officer Opinion Survey
Stay informed throughout the day with our new commentary feed (‘Intraday Market Colour’) highlighting key notes, topics du jour, and HarksterHQ’s market updates around key data points and headlines.
Available on the Harkster Research Platform.
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