Morning Call Script - 24 June 2024

Overnight asset drivers & the impending data calendar

Dear Harkster Subscriber

As you will have seen, through some of our recent publications, we are building out our new product, HarksterAI. We believe that this is an exciting new chapter for Harkster and we will be sharing more details with you in the coming months. 

On that basis, we wish to announce that, as of 30 June, the Harkster Newsletter publications; TMH, Morning Call Script, Read on the Trading Floor and Saturday Hark Back, will cease to be published. The time spent writing and researching for the newsletters will be redirected towards building out and supporting HarksterAI.

Where relevant, refunds will be issued for any subscriber payments made for the period after 30 June. In addition, as of that date, the Harkster Research Inbox website will be decommissioned.

The first iteration of the HarksterAI offering is scheduled for late July. If anyone would like to hear more about this offering, and join the early adopter program, please email Hello@Harkster.com.

At this time we, at Harkster, would like to thank you all for your support over the last few months and years. We hope that you have found the newsletters to be entertaining and a useful tool in your daily market’s routine. We’d finally like to wish you, the Harkster Subsrcibers, all the best for the future. 

What’s Moved Overnight

• The USD grinding stronger, led by USDJPY drifting towards 160.00 and broader (mild) risk aversion for APAC stock indices. 

  • Nikkei 38865, CSI 3500, Crude $80.70, Brent $85.20, Gold $2325, XBT 62.5k, ETH 3370, EUR 1.0696, GBP 1.2646, AUD 0.6640, JPY 159.75, CNH 7.2895, US2s at 4.74% and US10s at 4.25%.

  • Bloomberg - Yen Is Under Pressure Even as Japan Steps Up Its Verbal Warnings

  • Reuters - Asia shares slip as inflation, politics call for caution

• Elsewhere in the news over the wkd,

  • Axios - Netanyahu walks back proposal for Gaza hostage-ceasefire deal endorsed by Biden

  • Bloomberg - Netanyahu Says Major Operations in Gaza Will End ‘Very Soon’

  • Reuters - China wants EU tariffs on EVs gone by July 4 as talks resume

  • Reuters - France's far right National Rally still leading ahead of election, poll shows

  • FT - French trust Marine Le Pen’s RN most on economy, FT poll suggests

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Have a great day, and keep smiling!

Podcast for the Commute

• The Diary of a CEO - The Breathwork Expert: The Breathing Exercise That Eliminates Stress! Wim Hof

The Day Ahead

• Fed Speak Waller (08:00), and Daly (19:00)

• EUR (09:00): IFO

• ECB speak - Schnabel (16:30)

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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