Shows / NAB Morning Call
NAB Morning Call
Start your day with the NAB Morning Call for the latest overnight key economic and market information straight from our team of expert market economists and strategists. This includes perspective on overnight news and market price action and the forces shaping movements in Australian and global markets in the days ahead. Hosted on Acast. See acast.com/privacy for more information.
Episodes
- NAB Morning Call
When is a recession not really a recession?
Friday 29th July 2022US GDP fell by 0.9 percent in Q2. On top of the 1.6 percent fall in Q1 that meets the technical definition of a recession. But Jerome…
- NAB Morning Call
Fed hikes 75bp, no forward guidance
Thursday 28th July 2022The FOMC has met, they’ve pushed rates up 75 basis points and, whilst Jerome Powell said there would be no forward guidance, he has…
- NAB Morning Call
Shares down as consumers focus on the essentials
Wednesday 27th July 2022There gave been sizeable falls in US equities, mainly stemming from a cut to Walmart’s profit estimates. NAB’s Tapas Strickland…
- NAB Morning Call
Then there was one (turbine)
Tuesday 26th July 2022From Wednesday one of two operating turbines on the Nordstream pipeline will be switched off, effectively halving the existing supply…
- NAB Morning Call
Softer data, harder RBA
Monday 25th July 2022PMI numbers were much weaker than expected on Friday, particularly for US services, which fell quickly into a contractionary read of 47.1…
- NAB Morning Call
ECB makes it to zero
Friday 22nd July 2022As we predicted the ECB lifted interest rates by 50 basis points yesterday, up to zero percent. NAB’s Ken Crompton says this was more than…
- NAB Morning Call
Gas will trickle, Draghi will go, ECB will hike
Thursday 21st July 2022There’s some confidence in the markets this morning, despite what seems to be a compendium of bad news for Europe. NAB’s Gavin Friend…
- NAB Morning Call
Markets set for a tougher ECB
Wednesday 20th July 2022Markets are preparing for a big rate rise by the ECB tomorrow. NAB’s Rodrigo Catril says they are hiking when the expectation is that…
- NAB Morning Call
Oil rises as Saudi’s don’t budge, gas to Europe unlikely this week
Tuesday 19th July 2022The resumption in gas supplies to Europe could well be delayed, but perhaps Russia has a legitimate reason. A bigger move this morning…
- NAB Morning Call
A Good Friday but a crunch week for Europe
Monday 18th July 2022US equities rallied on Friday as data releases showed some resilience in the economy, but is it enough to stave off recession? Probably…
- NAB Morning Call
Aussies Take Up Jobs as Draghi Tries to Quit
Friday 15th July 2022In a week of surprises (US CPI and labour market data, Canada’s interest rate rise, China’s lockdowns and the US$-Euro parity), yesterday…
- NAB Morning Call
US Inflation rises and surprises, everything is in play
Thursday 14th July 2022US inflation has picked up more than expected, rising 9.1% in the year to June. The Fed’s Raphael Bostic said later that “everything was…
- NAB Morning Call
Freaking out over inflation
Wednesday 13th July 2022There’s no let-up when it comes to the downward expectations around the health of the global economy. US bond yields inverted further…
- NAB Morning Call
China flares up, Putin flexes more, US Dollar pushes higher
Tuesday 12th July 2022There’s a more cautious tone in the markets today, with US equities falling, bond prices rising, and the US dollar continuing on the up…
- NAB Morning Call
Healthy jobs data bad news for the economy
Monday 11th July 2022It is a bit weird that positive US jobs data would be seen as heightening the expectations of a recession, but that seems to be the case…
- NAB Morning Call
A glimmer of hope, except for Boris
Friday 8th July 2022There have been slightly less recession concerns in the US overnight, with equities and commodity prices pushing higher and 10 year…
- NAB Morning Call
Significant risk, still?
Thursday 7th July 2022The FOMC minutes are out, pointing to significant risk if inflation isn’t nipped in the bud. Markets are taking this as a sign that the…
- NAB Morning Call
Oil Dives, Bonds Rally as Recession Fears grow
Wednesday 6th July 2022The Euro is getting closer to parity with the US dollar. In today’s podcast NAB’s Skye Masters points out that the Markets team had…
- NAB Morning Call
Australia, faring better than most, but big hike still expected
Tuesday 5th July 2022The RBA meets today and the NAB expectation is that they will lift interest rates by 50 basis points. Phil asks NAB’s Tapas Strickland…
- NAB Morning Call
Independence Day: Recession Resurgence
Monday 4th July 2022Recessions fears continue to rise, pushing bond yields lower. As NAB’s Rodrigo Catril explains, the ISM manufacturing report in the US on…
- NAB Morning Call
And back to recession fears
Friday 1st July 2022Yields are lower in the US and Europe as recession fears grow, prompted by weaker than expected personal spending in the US, with a very…
- NAB Morning Call
Understanding how little we understand
Thursday 30th June 2022Markets are confused as to where the global economy is heading. If investors were looking to the ECB Forum in Sintra for clarification…
- NAB Morning Call
Less US confidence, tough talking ECB
Wednesday 29th June 2022US equities switched direction overnight. NAB’s Taylor Nugent says it was a swift response to a weaker than expected consumer sentiment…
- NAB Morning Call
Heading for a choppy end to Q2
Tuesday 28th June 2022The volatility of the past few months means there is likely to be a greater need for rebalancing at the end of the quarter this time…
- NAB Morning Call
Is bad news good news these days?
Monday 27th June 2022These are strange times. Market sentiment improved at the end of last week because of weaker consumer sentiment and a downward revision in…
- NAB Morning Call
Unconditional commitment, come what may
Friday 24th June 2022There have been big movements in bond yields overnight. NAB’s Ken Crompton says there’s been a reaction to weak PMI data from Europe and…
- NAB Morning Call
Markets split as Powell admits recession is possible
Thursday 23rd June 2022You take whatever you want from a senate hearing, so there have been mixed reviews of Jerome Powell’s performance in front of the Senate…
- NAB Morning Call
Brighter days ahead
Wednesday 22nd June 2022We’ve just had the longest night of the year in Australia but the markets are focused on the light at the end of the tunnel! There is a…
- NAB Morning Call
Is the RBA preparing to go harder?
Tuesday 21st June 2022RBA Governor Philip Lowe is talking at an American Chamber of Commerce event this morning in Sydney. Phil asks NAB’s Ray Attrill whether…
- NAB Morning Call
Turning up the rhetoric
Monday 20th June 2022It’s almost like there’s a race to turn up the rhetoric between central bank speakers, signalling to markets that rates will keep going up…
- NAB Morning Call
Markets go cuckoo as the Swiss clock a half percent hike
Friday 17th June 2022The positive reaction to yesterday’s FOMC market was short lived, with a much softer US dollar this morning and big falls in equity…
- NAB Morning Call
A big step to the soft landing few believe will happen
Thursday 16th June 2022The FOMC announced a 75-basis point rise in interest rates in the US, with rates rising to 3.4 percent by the end of the year. Sat the…
- NAB Morning Call
The day before the dots
Wednesday 15th June 2022The FOMC meeting tomorrow morning (Australian time) has been the focus of intense speculation this week, with the surprise inflation…
- NAB Morning Call
Markets Panic after US inflation surprise
Tuesday 14th June 2022There have been massive moves in financial markets since the release of the US inflation data on Friday. The US dollar is around the…
- NAB Morning Call
ECB set to turn up the dial
Friday 10th June 2022The ECB indicated overnight that they will lift rates at their July meeting, and if there’s no sign of a fall in inflation then a bigger…
- NAB Morning Call
Oil jumps, shares fall, inflation forecasts worsen
Thursday 9th June 2022There’s not much optimism in the air this morning. The OECD almost doubled their inflation expectations and slashed their growth…
- NAB Morning Call
RBA, far from business as usual
Wednesday 8th June 2022It was only a month ago that RBA governor Lowe was suggesting a 25 basis point hike was business as usual, with the bank wanting to…
- NAB Morning Call
Rates jump, Boris’ near miss, RBA today
Tuesday 7th June 2022There’s been lots of action on the markets overnight, with rates pushing higher and, for most of the session, equities on the rise too…
- NAB Morning Call
Get ready for RBA, ECB and US CPI
Monday 6th June 2022It might be a quiet start to a busy week, with the RBA and ECB meeting, and the US releases its CPI numbers at the end of the week. NAB’s…
- NAB Morning Call
More oil, weaker jobs growth. Equities live on hope.
Friday 3rdJune 2022Today saw another session demonstrating the violent swings across all asset classes. Equities, that were well down yesterday, are well up…
- NAB Morning Call
Rates boosted as strong data support aggressive Fed hikes
Thursday 2nd June 2022If investors were looking for signs of weakness in the US economy, in the hope that it might moderate the expectations for a rapid path…
- NAB Morning Call
EU sanctions, more in the pipeline?
Wednesday 1st June 2022The EU has agreed to an immediate ban on oil exported by sea from Russia, with a further ban on EU and UK insurance of Russian vessels…
- NAB Morning Call
German inflation concerns, but equity markets refuse to freak out
Tuesday 31st May 2022There isn’t much in the way of good news today, but that doesn’t seem to matter as far as equity markets are concerned. German inflation…
- NAB Morning Call
A piggy bank backed recovery
Monday 30th May 2022Markets seem to be optimistic that the inflation wave can be ridden without us all crashing down on a rocky outcrop somewhere. So, are they…
- NAB Morning Call
Equities and bonds markets divided
Friday 27th May 2022US equities rose sharply again today as more retailers gave positive outlooks, despite the earlier surprise form Walmart and Target. The…
- NAB Morning Call
Markets accept rate hikes if they tame inflation
Thursday 26th May 2022The increasing belief amongst central bankers – particularly in New Zealand and the US – is that faster rate hikes will have a more…
- NAB Morning Call
Markets Snap Out of It
Wednesday 25th May 2022Yesterday’s upbeat sentiment was very short-lived, with a sharp fall in equities and bond yields today. A statement from Snap! about a…
- NAB Morning Call
Hope springs eternal, well, for today anyway
Tuesday 24th May 2022A bounce back in equities and a better-than-expected IFO read from Germany. For today at least we’re seeing the return of some risk…
- NAB Morning Call
New Australian government, same global concerns
Monday 23rd May 2022Will a new government have any market impact? NAB’s Skye Masters has been looking at how markets behaved, relatively speaking, in the first…
- NAB Morning Call
Who can slow down the slowdown?
Friday 20th May 2022There was no bounce in equities today after the big falls we saw yesterday. NAB’s Taylor Nugent says its growing concerns about the US…
- NAB Morning Call
Equities bomb as investors are reminded of inflation
Thursday 19th May 2022We’ve seen big falls in US shares as major retailers issue profit warnings, based on inflation and supply chain worries. Investors…
- NAB Morning Call
China reopening, Americans shopping, Brits working
Wednesday 18th May 2022Equity markets have rallied today, buoyed by positive retail numbers for the US. But NAB’s Rodrigo Catril says the sentiment really…
- NAB Morning Call
Markets tossed back and forth in a sea of uncertainty
Tuesday 17th May 2022There’s been a fair bit of volatility in equity and bond markets overnight. Stocks are generally down after swings back and forth through…
- NAB Morning Call
One day when fears eased, for a bit
Monday 16th May 2022There was a slight reversal in sentiment on Friday, with the US dollar losing ground, equities climbing and bond yields rising. NAB’s Tapas…
- NAB Morning Call
A world of worry
Friday 13th May 2022US equities continue to take a hit as inflation concerns continue and two of the biggest contributors – the war and China lockdowns – show…
- NAB Morning Call
US inflation numbers hit shares, bond markets more restrained
Thursday 12th May 2022US inflation numbers didn’t fall as much as hoped, in fact the core number is up, making the job for the Fed that little but harder…
- NAB Morning Call
A momentary lapse of reason
Wednesday 11th May 2022For a while today US shares were pushing higher, with tech stocks leading the way. Then as market close neared, prices started to fall…
- NAB Morning Call
Stocks dive over fears of the perfect storm
Tuesday 10th May 2022Markets are clearly concerned that there will be no soft-landing. There’s the big fear that rate rises won’t cut demand enough to…
- NAB Morning Call
Are markets running scared?
Monday 9th May 2022Equity markets continued their falls on Friday, driven by concerns that the FOMC will let the economy slip into recession if it’s needed to…
- NAB Morning Call
Market whiplash as sentiment takes a hit
Friday 6th May 2022Yesterday, as Jerome Powell gave the post-FOMC press conference, the US dollar strengthened, equities shot up and front-end bond yields fell…