Morning Call Script - 22 May 2024

Overnight asset drivers & the impending data calendar

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What’s Moved Overnight

• We're still enduring a news vacuum, so markets are relatively unchanged to where we left them yesterday evening.

  • Nikkei 38600, CSI 3678, Crude $78, Brent $82.30, Gold $2414, XBT 69.5k, ETH 3740, EUR 1.0853, GBP 1.2709, AUD 0.6667, JPY 156.36, CNH 7.2480, 10s at 4.42%.

• RBNZ left rates at 5.5%

• Plenty of Fed speak over the past 12 to 24hrs

  • Bloomberg - Waller Says Fed Could Cut Rates at ‘End of This Year’ If Data Softens

  • Bloomberg - Fed’s Collins, Mester Emphasize Need for More Data to Cut Rates

• The Nvidia earnings report is the main event of the week. It hits the tape after the mkt close

  • Reuters - Nvidia earnings could spark $200 billion swing in shares, options show

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

• MS - Midyear Cross-Asset Outlook: Bullish Possibilities

The Day Ahead

• GBP (07:00): UK CPI, PPI and RPI

• ZAR (09:00): Inflation Rate

• ECB Lagarde (09:05)

• USD (18:00): 20y Auction

• USD (19:00): Fed Minutes

• Nvidia earnings after market close

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.