Morning Call Script - 29 May 2024

Overnight asset drivers & the impending data calendar

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What’s Moved Overnight

• Another muted APAC session   

  • Nikkei 38640, CSI 3620, Crude $80.15, Brent $84.45, Gold $2360, XBT $68570, ETH 3858, EUR 1.0850, GBP 1.2755, AUD 0.6650, JPY 157.25, CNH 7.2660, 10s at 4.55%.

• In the news overnight

  • RBA - Monthly 3.6% vs exp 3.4% and prior 3.5%

  • Bloomberg - Australia’s Elevated Inflation Suggests RBA to Extend Pause

  • CNBC - 10-year Treasury yield rises above 4.5% following weak auction

  • Reuters - Oil advances as major producers expected to keep output cuts in place

• German regional inflation prints to dominate the mng session, we could also see some corp t+2 USD demand. 

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

• Saxo Bank - Is electrification the next big thing?

The Day Ahead

• EUR (09:00): Baden, Bavaria, Brandenburg, Saxony.

• EUR (13:00): German Inflation

• USD (15:00): Richmond Fed Manufacturing Index

• USD (18:00): 7yr note auction

• USD (18:45): Fed Williams

• USD (19:00): Fed's Beige Book

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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