Morning Call Script - 29 Feb 2024

Overnight asset drivers & the impending data calendar

Free 30-day HarksterPRO account

• To claim a free 30-day HarksterPRO account, sign up and create a Harkster LITE account here, then send us an email at trial@harkster.com with the subject "Substack Trial Offer". 

• If you're already a Harkster LITE app user, simply send us an email to the above address and we’ll be happy to upgrade you for 30 days.

  What’s Moved Overnight

• XBT euphoria hit an air pocket as Coinbase wallets crashed .... back at 63.3k on the London open following wild 10% swings

  • Reuters - Soaring bitcoin set for biggest monthly jump since 2020

  • Bloomberg - Coinbase Tells Users ‘Your Assets Are Safe’ as Some See $0 Balance

• BoJ Takata hawkish comments has USDJPY back sub 150.00 at 149.80.

  • Blomberg - BOJ Board Member Signals Exiting Negative Interest Rate Policy Is Closer

  • Reuters - BOJ policymaker calls for overhaul of ultra-loose monetary policy

• Williams - 3 cuts still reasonable 

• US congress have avoided a partial shutdown on March 2nd

• Elsewhere, choppy month end for APAC stocks... EUR 1.0835, AUD 0.6520. GBP 1.2665, CSI 300 @ 3497, Nikkei 39243, 10s 4.275%, Gold $2035, Crude $78.60.

  • Reuters - "CSI 300 bounced back from the prior day's losses to again sit close to three-month highs ahead of the annual session of the National People's Congress next week, when growth targets will be set and a stimulus path charted."

Stream your favourite financial content into your own custom research inbox, including bank publications, independent research, podcasts, financial press and more. - "It's like Tweetdeck for financial research".

HarksterPRO includes complimentary access to our full-featured research inbox, which the team uses daily. Try the basic version out for FREE here.

ㅤㅤㅤ

Have a great day, and keep smiling!

Podcast for the Commute

• FiveThirtyEight - What To Make Of The Protest Votes In Michigan

The Day Ahead

• EUR (07:45): French CPI

• EUR (09:00): German Regional CPI prints

• EUR (13:00): German Inflation Rate

• USD (13:30): Core PCE Price Index

• USD (13:30): Initial Claims

• CAD (13:30): GDP

• Fed's Bostic (15:50), Goolsbee (16:00) and Mester (18:15)

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.

ㅤㅤㅤ

 

 

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.