Morning Call Script - 09 Nov 2023

Overnight asset drivers & the impending data calendar

Please note that the Harkster Research Platform had some technical upgrades over the weekend. You may need to hard refresh your browser tab or re-download your Harkster iOS app for the platform to work correctly. See here for more details.

What’s Moved Overnight

• Another quiet overnight session… EUR 1.07, JPY 151, AUD 0.6410, GBP 1.2280 whilst Asian equities traded with a general flat to firmer bias (Nikkei +1.4%, CSI flat). 

• Deflationary data from China as CPI softened... -0.2% YoY inflation vs expected -0.1% and prior 0%

• US 10year auction went well… demand returning and yields dipping to 4.5% on the London open.

For greater detail on the overnight moves as well as a focus on the day ahead see The Morning Hark in your inbox around 7.15GMT (2.15 EST) whilst watch out for Read on the Trading Floor by 17.30GMT (12.30EST).

Have a great day, and keep smiling!

Podcast for the Commute

• Morgan Stanley - Are the Worst Bond Returns Behind Us?

The Day Ahead

• JPY (08:35): BoJ Gov

• USD (13:30): Initial Claims

• USD (18:00): 30yr Auction

• Fed Speak: Bostic (14:30), Barkin (16:00) and Powell (19:00)

• ECB Speak: Lane (08:10), Lagarde (17:30)

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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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.