Morning Call Script - 12 June 2024

Overnight asset drivers & the impending data calendar

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What’s Moved Overnight

• Waiting for the dots and US CPI. Assets consolidating ahead of the key events.

  • Nikkei 38900, CSI 3540, Crude $78.30, Brent $82.30, Gold $2315, XBT 67.3k, ETH 3515, EUR 1.0735, GBP 1.2740, AUD 0.6615, JPY 157.25, CNH 7.27, US2s at 4.85% and US10s at 4.41%.

• Chinese inflation lower than expected

  • YoY: 0.3% vs exp 0.4%

  • MoM: -0.1% vs exp 0%

  • Bloomberg - China’s Weaker-Than-Expected Inflation Stokes Demand Concerns

• Elsewhere in the news over the wkd

  • Bloomberg - Treasury Auction Draws Strong Demand Despite Key Risks Ahead

  • FT - EU to push ahead with tariffs on Chinese EVs despite German opposition

Watch out for Read on the Trading Floor, landing in the inbox of PRO subscribers around 17.30GMT (12.30EST).

This piece will focus on the key market narratives trending on Harkster.com. What users of our platform are consuming, what themes are top of mind and the key risk events they're researching. It will also document the top 10 links and podcasts consumed by our users over the previous day.

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Have a great day, and keep smiling!

Podcast for the Commute

• JPM - Extending the trend, with JP Morgan’s Lead CTA Structurer

The Day Ahead

• EUR (07:00): German Inflation

• GBP (07:00): GDP

• ECB Speak - Tuominen (10:15), Schnabel (10:30), Buch (12:30), Guindos (14:00) and McCaul (14:45)

• USD (13:30): Inflation

• USD (19:00): Fed SEP 

• USD (19:30): Fed Press Conf

• CAD (20:30): BoC Macklem

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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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.