Morning Call Script - 19 Apr 2024
Overnight asset drivers & the impending data calendar
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What’s Moved Overnight
NY Times and Reuters are attributing a strike on a military base in central Iran to Israeli forces.
The short-term reprieve that we had seen in markets in the middle of the week has been wiped away as investors search for safe havens and unwind portfolio positions ahead of the weekend.
Nikkei 37200, CSI 3540, Crude $84.30, Brent $88.70, Gold $ 2380, XBT 61.8k, EUR 1.0630, JPY 154.40, GBP 1.2415, AUD 0.6395, CNH 7.2495, 10s at 4.57%.
Finally, in terms of data the Japanese inflation rate printed in line with expectations at 2.7% (prior 2.8%). This will do little to move the needle before next weeks BoJ.
Look out for tomorrow’s concise weekend read, recapping what the street consumed over the week, which articles were of focus and which topics were researched. Macro narratives will be interwoven with recommended reading as well as “Top 10 reads of the past week” and "Top 5 podcasts of the past week". Landing in the inbox of PRO subscribers around lunchtime.
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Have a great day, and keep smiling!
Podcast for the Commute
The Day Ahead
GBP (07:00): Retail Sales
BoE speak - Breeden (15:15) and Ramsden (15:15)
Fed speak - Goolsbee (15:30)
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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