Morning Call Script - 23 Feb 2024
Overnight asset drivers & the impending data calendar
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What’s Moved Overnight
Nvidia - lost for words. Closing up 16.4%, adding an incredible $277bln to its market cap (now north of $2trillon) and setting a record for largest one-day gains.
Japanese markets closed for holiday
Fed Speak - Waller, Harker, Cook and Kashkari - more needs to be done to bring down inflation, too much easing could stall progress, Fed in no rush to begin cutting and it is appropriate to be patient.
Reddit files for an IPO
Not everything moves like Nvidia .... AUD 0.6570, EUR 1.0825, JPY 150.60, CSI 300 @ 3482, 10s @ 4.33%, Gold 2020, Crude 78.10.
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
UBS Fixed Income Strategist - Tapering the tightening
The Day Ahead
EUR (07:00): Final German Q4 GDP
EUR (09:00): Ifo
ECB Speak - Schnabel (09:20) and Jochnick (09:30)
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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