Morning Call Script - 19 Feb 2024
Overnight asset drivers & the impending data calendar
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What’s Moved Overnight
China has returned with modest gains. No stimulus program, no rate cuts from PBoC (unchanged at 2.5%) but travel over Lunar New Year was strong and topped pre-COVID levels.
Russia has taken Avdiivka from Ukraine, it's fall is Putin's biggest gain since taking the city of Bakhmut in May 2023. Biden has called to resolve the aid delay / replenish the Ukraine army.
Major assets mixed due to lack of drivers / events - Crude 78.75, Gold 2020, Nikkei 38500, CSI 300 3387, EUR 1.0780, GBP 1.2625, AUD 0.6545.
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
Steno Research - Macro Sunday with guest Freya Beamish: Inflation is BACK!
The Day Ahead
SEK (07:00): CPI
No Major data from the EU
CAD (13:30): PPI
US Markets closed for Presidents Day Bank holiday
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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