Morning Call Script - 28 Mar 2024

Overnight asset drivers & the impending data calendar

HarksterPro will be taking a holiday break from Friday, March 29th through Monday, April 1st. Normal service will return Tuesday, April 2nd.

What’s Moved Overnight

• Fed's Waller in no rush to cut as inflation disappoints. Progress on taming price rises 'has slowed and may have stalled'

  • FT - Top Federal Reserve official says ‘no rush’ to cut interest rates after ‘disappointing’ inflation data

  • Federal Reserve Board - Speech by Governor Waller on the economic outlook, There's Still No Rush

  • Bloomberg - Fed’s Waller Says No Rush to Cut Interest Rates

• USDCNY Fix 7.0948 vs estimate 7.2259.

  • Bloomberg - China Property Crisis Erodes Banks Balance Sheets as Investors Await Earnings

• Aussie Consumer Inflation Expectations 4.3% from previous 4.5%

• Elsewhere, a quiet overnight session as the mkt enters holiday mood and can't break it's short-term narrow ranges.

  • Nikkei 40260, CSI 3540, Crude 81.75, Brent 85.75, Gold 2195, XBT 69.6k, EUR 1.0823, JPY 151.35, GBP 1.2630, AUD 0.6533, CNH 7.2490, 10s at 4.21%

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 Market Huddle - Navigating The FED’s Impact on Global Markets (guest: Aidan Garrib)

The Day Ahead

• GBP (07:00): GDP Q4 Final

• CAD (12:30): GDP MoM Prel for Feb

• USD (12:30): GDP Q4 Final

• USD (12:30): Initial Claims

• USD (14:00): Michigan Consumer Sentiment

• USD (14:00): Michigan Inflation Expectations

• JPY (23:30): Tokyo CPI

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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The information provided in this post is for general information purposes only. No information, materials, services, and other content provided in this post constitute solicitation, recommendation, endorsement or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.