Morning Call Script - 09 May 2024

Overnight asset drivers & the impending data calendar

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What’s Moved Overnight

• Another quiet Asia session. Market drifting within closely defined ranges....

  • Nikkei 38220, CSI 3660, Crude $ 79.50, Brent $83.90, Gold $2318, XBT 61.6k, EUR 1.0747, GBP 1.2490, AUD 0.6577, JPY 155.55, CNH 7.2295, 10s at 4.50%.

• Stories in the news overnight... BoJ, Biden puts pressure on Israel, China trade improves

  • WSJ - BOJ’s Policy Board Becoming More Concerned About Effects of Weaker Yen

  • Politico - Netanyahu escalates, Biden acts, EU watches

  • Bloomberg - China’s Exports Return to Growth in April, Boosting Economy

• BoE Day - unchanged expected, mkt looking for adjusted forward guidance. Watch the HarksterAI BoE Preview

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Have a great day, and keep smiling!

Podcast for the Commute

• MS - Can U.S Dollar Dominance Continue?

The Day Ahead

• ECB's McCaul (08:55), Cipollone (13:15) and Guindos (13:15)

• GBP (12:00): BoE MPR

• BoE's Bailey (12:30) and Pill (17:15)

• USD (13:30): Initial Claims

• USD (18:00): 30y Auction

• Fed's Daly (19:00)

• MXN (20:00): Banxico

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. 

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