Morning Call Script - 22 Mar 2024
Overnight asset drivers & the impending data calendar
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What’s Moved Overnight
Core Japanese inflation came in line with the street's forecasts at 2.8%...
From 7 to 2, stock leadership is dwindling as Apple is now being investigated on both sides of the Atlantic by authorities.
Markets led by a stronger USD overnight as CNH drifts higher and rate differentials point to the Fed being a laggard in the G10 cutting race behind SNB, BoE and ECB whilst BoJ policy will remain accommodative and Banxico lowered rates to 11% as expected.
Oil has extended its fall, with a possible Gaza ceasefire - CSI 3550, Crude 80.50,
Nikkei 41000, Brent 85.20, Gold 2175, XBT 66.5k, EUR 1.0835, JPY , GBP 1.2635, AUD 0.6526, CNH 7.26, JPY 151.55, 10s at 4.24%.
Bloomberg - Bitcoin Is Down 10% on Slowing ETF Demand (BTC)
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
EUR (09:00): German Ifo
CAD (12:30): Retail Sales
ECB's Buch (13:15) and Lane (17:00)
Fed's Barr (16:00) and Bostic (20:00)
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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