Morning Call Script - 14 Nov 2023
Overnight asset drivers & the impending data calendar
What’s Moved Overnight
Holding pattern as the market waits for this afternoons crucial US CPI print... US10s 4.635%, EUR 1.0695, JPY 151.70, AUD 0.6365, Nikkei 32695, CSI 3570, Brent $83
BoJ / MOF intervention watch... FinMin Suzuki "will continue to take necessary steps on FX moves"... bids got given on the FinMin headlines down to 151.20ish after the latest jawboning on the ccy but we're now back to unchanged from NY close 151.70-80
Washington - Johnson's bill will be considered by the House
Hamas - 5 day ceasefire proposal in hostage exchange
Oil - SPR to be refilled, 1.2mln barrels to be purchased
No 10. - Sunak takes on the right wing of the party by bringing Cameron back into the cabinet
Have a great day, and keep smiling!
Podcast for the Commute
The Rest Is Politics - Braverman sacked and Cameron returns
The Day Ahead
SEK (07:00): CPI
GBP (07:00): Employment Change and Wages
EUR (10:00): ZEW
USD (13:30): Inflation
ECB Speak: Lane (08:00), Enria (08:45), Elderson (13:15)
Fed Speak: Jefferson (10:30), Barr (15:00), Mester (16:00), Goolsbee (17:45)
BoE Speak: Dhingra (12:00), Pill (13:45)
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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