Morning Call Script - 24 Jan 2024
Overnight asset drivers & the impending data calendar
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What’s Moved Overnight
With ~75% of the vote counted, Trump (55%) beats Haley (43.5%) in the New Hampshire primary. Given she's already polling second in her home state of SC (primary late Feb), how long now will Haley stay in the race? Will she run out of funding?
The GOP is converging around Trump. Notable to see Vivek / Scott / Burgum on stage at his victory rally.
Assets - pretty much where we left them, consigned to another tight APAC range. Crude $74.50, Gold $2025, XBT 39.7k, US10s 4.12% , CNH 7.1730, EUR 1.0865, JPY 147.90 and GBP 1.2700.
Is a path to an extended Gaza/Israel ceasefire opening?
Finally, the market is asking China for substantial reform, not just a $278bln equity rescue/inflow plan. CSI only +1% in the overnight session...
Bloomberg - China May Need a Bigger Bazooka
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
The Rest is Politics - Why Trump's return wasn't inevitable
The Day Ahead
EUR (08:15): French Services and Manufacturing PMI
EUR (08:30): German Services and Manufacturing PMI
EUR (09:00): Eurozone Services and Manufacturing PMI
GBP (09:30): Services and Manufacturing PMI
USD (14:45): Services and Manufacturing PMI
CAD (15:00): BoC
USD (18:00): 5-Year auction
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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