Morning Call Script - 18 Mar 2024

Overnight asset drivers & the impending data calendar

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What’s Moved Overnight

• China - positive momentum in the data? 

  • Industrial production +7% vs exp +5%

  • Retail Sales +5.5% vs exp 5.2%

• On the campaign trial, Trump lines up Powell’s replacement and have labour thought through the impact of a sudden VAT increase on fees.    

  • The Telegraph - Labour’s private school tax raid ‘could cost taxpayer £1.6bn a year’

  • WSJ - Trump Economic Advisers Float Three Names for Fed Chair

• Elsewhere, markets are waiting for the BoJ - Nikkei 39735, CSI 3593, Crude 81.50, Brent 85.75, Gold 2147, XBT 68.4k, EUR 1.0888, GBP 1.2735, AUD 0.6565, CNH 7.2050, JPY 149.15, 10s at 4.29%.

For greater details on the overnight news stories, current macro themes, and a comprehensive look at the week ahead, look out for today’s edition of The Morning Hark. Landing in the inbox of PRO subscribers around 7.15GMT (2.15 EST).

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Have a great day, and keep smiling!

Podcast for the Commute

• DB - (Un)eventful week ahead?

The Day Ahead

• EUR (10:00): Inflation Rate Final 

• ECB's Buch (10:15)

• CAD (12:30): PPI

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.