Morning Call Script - 21 Feb 2024

Overnight asset drivers & the impending data calendar

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What’s Moved Overnight

• The drift continues, still no spark to life. EUR 1.0810, GBP 1.2625, AUD 0.6560, Nikkei 38320, CSI 300 3470, 10s 4.27%, Gold 2030 and Crude 77.25.

• Nvidia earnings day - has the potential to reset the AI complex, have cross border FX implications and wider mkt sentiment impact. A tripling of their quarterly revenue to $20bln is expected and analysts will be keenly watching their forecasts and Chinese view in particular.

  • Bloomberg - Nvidia Options Signal Nearly $200 Billion Swing After Earnings

  • Reuters - Nvidia dethrones Tesla as Wall Street's most traded stock

  • Reuters - Nvidia's surging growth may still disappoint some investors

• HSBC profit down 80% due to unexpected charges on Chinese bank holdings and selling its French retail ops

  • Bloomberg - HSBC’s Profit Sinks on $3 Billion Impairment on Chinese Bank

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

• JPM AM - The Pressures of a Full Employment Economy

The Day Ahead

• ZAR (08:00): Inflation

• EUR (10:00): Bundesbank Nagel

• USD (13:00): Fed Bostic

• CAD (13:30): BoC Gravelle

• GBP (14:00): BoE Dhingra

• EUR (15:00): Consumer Confidence

• USD (18:00): Bowman

• USD (19:00): Fed Minutes

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.