Morning Call Script - 15 May 2024

Overnight asset drivers & the impending data calendar

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What’s Moved Overnight

• Another quiet APAC session which is hardly a surprise so close to US CPI. 

  • Nikkei 38350, CSI 3647, Crude $78.55, Brent $82.90, Gold $2355, XBT 62k, EUR 1.0825, GBP 1.2595, AUD 0.6645, JPY 156.25, CNH 7.2230, 10s at 4.45%.

• Robinhood hit $5bln in equities trading on Tuesday as meme stock euphoria returns

  • Reuters - Explainer: Why are meme stocks rallying again?

• Other stories in the news overnight

  • Bloomberg - China Mulls Government Buying of Unsold Homes to Ease Glut

  • WSJ - Mester Says Fed in ‘Really Good Place’ to Study Economy Before Charting Rate Path

  • Bloomberg - Google Infuses Search With AI in a ‘Fully Revamped’ Experience

• We all know what the mkt is focused on today ... 

  • CPI previews dominating your inbox? Watch how HarksterAI can help

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

• UBS - Fixed Income Strategist - Going longer for higher

The Day Ahead

• SEK (07:00): CPI

• EUR (07:45): French Inflation Final

• EUR (10:00): GDP QoQ Q1 Second Est

• EUR (10:00): Industrial Production

• USD (13:30): Core CPI MoM, YoY

• USD (13:30): Retail Sales

• Fed's Kashkari (17:00) and Bowman (20:20)

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.