Morning Call Script - 26 Oct 2023
Overnight asset drivers & the impending data calendar
What’s Moved Overnight
Some big numbers on the door for Nasdaq with Alphabet closing down 10%, Meta ending down 3.4% after their earnings call despite an initial pop higher of Approx +5%. This negative sentiment feed into a weaker APAC session... Nikkei -2.25%, CSI down 60bps,
US10s also drifting back towards 5% has aided a resurgent USD which held onto its gains overnight ... CAD 1.3815, AUD 0.6284, NZD 0.5785. JPY finally breached and held 150.00, opening the London session at 150.45
The Reps have found a House leader... but who is Mike Johnson?
Finally a break through in the UAW strike, with the union reaching a tentative agreement with Ford
Have a great day, and keep smiling!
Podcast for the Commute
J.P. Morgan Global Data Pod - How much have financial conditions tightened?
The Day Ahead
TRY (12:00): CBRT
EUR (13:15): ECB .. Harkster Preview below
USD (13:30): GDP, Core PCE, Initial Jobless Claims and Durable Goods
EUR (13:45): ECB Press Conf
USD (15:00): Pending Home Sales
GBP (17:45): BoE Cunliffe
USD (18:00): 7yr note auction
Amazon report
Harkster Previews: ECB Decision Tree - Oct 25
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Available on the Harkster Research Platform.
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