Morning Call Script - 21 June 2024

Overnight asset drivers & the impending data calendar

HarksterPro subscribers received this daily piece today around 6:30am (GMT). If you would also like this piece to help prepare for your teams morning call as well as the entire range of HarksterPRO publications, please subscribe here. Otherwise the Freeview will be sent at 8.00am (GMT).

What’s Moved Overnight

• Data from APAC headlined by softer Japanese core inflation (2.5% vs exp 2.6%) and weakness in Aussie PMI's (Manufacturing 47.5 vs pre 49.7 and Services down from 52.5 to 50.6).

• The USD on the front foot, led by USDJPY drifting towards 159.00

  • Nikkei 38650, CSI 3480, Crude $81.27, Brent $85.65, Gold $2360, XBT 64.5k, ETH 3510, EUR 1.0720, GBP 1.2660, AUD 0.6665, JPY 158.80, CNH 7.2860, US2s at 4.75% and US10s at 4.26%.

• Elsewhere in the news,

  • Bloomberg - Bullard Says Latest US CPI Sparks Hope of September Rate Cut

  • Bloomberg - Goolsbee Says Fed Can Cut With More Inflation Reports Like May

  • WSJ - Nvidia’s Success Is the Stock Market’s Problem

• Finally, wave of flash European PMIs this mng to occupy the street

Stream your favourite financial content into your own custom research inbox, including bank publications, independent research, podcasts, financial press and more. - "It's like Tweetdeck for financial research".

HarksterPRO includes complimentary access to our full-featured research inbox, which the team uses daily. Try the basic version out for FREE here.

ㅤㅤㅤ

Have a great day, and keep smiling!

Podcast for the Commute

• WSJ - Sam Altman's Opaque Investment Empire

The Day Ahead

• GBP (07:00): Retail Sales

• EUR (07:45): French Flash PMI

• EUR (08:30): German Flash PMI

• EUR (09:00): Eurozone Flash PMI

• GBP (09:30): S&P Flash PMI

• CAD (13:30): Retail Sales

• USD (14:45): S&P Flash PMI

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.

ㅤㅤㅤ

 

 

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.