Morning Call Script - 27 Nov 2023
Overnight asset drivers & the impending data calendar
What’s Moved Overnight
Soft APAC equity session ... no clear trigger with Nikkei down 90bps to 33428 and the Chinese complex also weaker (CSI 300 down 70bps) despite stories of authorities looking to increase direct private lending
FX - JPY stronger, dipping back through 149.00 but it's 33bps move as the largest overnight, sums up how quiet the rest of G10 has been ... EUR 1.0950, GBP 1.2610, AUD 0.6580.
Commodities - Oil slipped 1% as Brent opens the London session a spread under $80 whilst gold is testing 6 month highs 2015-20
US fixed income a touch weak ... 5s @ 4.50% and 10s @ 4.485%
Gaza/Israel - truce maybe extended if both sides can agree on further hostage exchanges
Never doubt the strength of the US consumer....
For greater detail on the overnight news stories as well as a focus on the week ahead see The Morning Hark in your inbox around 7.15GMT (2.15 EST) whilst also watch out for Read on the Trading Floor around 17.30GMT (12.30EST) which captures the macro themes trending on Harkster.com over the past 24hrs.
Have a great day, and keep smiling!
Podcast for the Commute
Steno Research - Why is offshore wind not performing? Guest: Suriya Jayanti
The Day Ahead
USD (15:00): New Home Sales
USD (15:30): Dallas Fed Manufacturing Index
USD (18:00): Auctions ... 2s and 5s
ECB Speak: Lagarde (14:00)
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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