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. 

Available on the HarksterPRO Research Platform.

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