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
US kept working through Omicron peak
Monday 7th February 2021Friday’s non-farm payrolls data showed how more people returned to work in the US whilst Omicron saw the highest wave of COVID-19…
- NAB Morning Call
Tight squeeze or a gentle touch?
Friday 4th February 2022The Bank of England is certainly all out to stop any risk of wages pushing inflation out of control. The decision was one vote away…
- NAB Morning Call
A tale of two central banks
Thursday 2rd February 2022You could say its the best of times and the worst of times, with a rampant jobs recovery tempered by high inflation. Certainly, two…
- NAB Morning Call
Markets still at odds with RBA and ECB. Who’s right?
Wednesday 2nd February 2022The RBA is still reticent to signal a rate rise this year, even as they lift their inflation forecasts. NAB’s Ivan Colhoun says a…
- NAB Morning Call
RBA to join the rate-rise race?
Tuesday 1st February 2022It seems more likely than not that the RBA will announce an end to QEW today. NAB’s Tapas Strickland says core timed mean inflation is…
- NAB Morning Call
Aussie dollar loses break point
Monday 31st January 2021Whilst it was quite a night for Rafael Nadal, Friday had a less positive ending for the Aussie dollar, falling below 70 US cents to its…
- NAB Morning Call
The aftermath of the Fed
Friday 28th January 2022There has been quite a turnaround after the sharp falls in share prices and the rise in bond yields that we saw kicking off during the…
- NAB Morning Call
Fed confirms move to post-pandemic policy
Thursday 27th January 2022The FOMC has met and reaffirmed that rates will rise from March. NAB’s David de Garis says it was exactly what the markets were…
- NAB Morning Call
Ukraine fears creates a risk off sell off
Tuesday 25th January 2022Markets have been gearing up for the FOMC meeting this week, but for a while at least tensions over Ukraine seem to have driven a…
- NAB Morning Call
Turnaround in bonds ahead of FOMC this week
Monday 24th January 2022On today's podcast:Curiously bond yields retreated at the end of last week even though the assumption remains that the Fed will signal…
- NAB Morning Call
Aussie jobs flourish and US equities bounce
Friday 21st January 2022Australia’s job numbers were well above expectations yesterday. NAB’s Ivan Colhoun talks about what this means for the RBA, who are…
- NAB Morning Call
Inflation (almost) everywhere
Thursday 20th January 2021The sell-off of US bonds has halted, temporarily, but it continues in Europe, particularly in the UK where high inflation numbers…
- NAB Morning Call
Markets swallow the post-Omicron outlook pill
Wednesday 19th January 2021US bond yields are now at their highest levels for two years, with equities now joining the sell-off, particularly for tech stocks…
- NAB Morning Call
China bucks the tightening trend
Tuesday 18th January 2022Bond yields continue to rise as expectations heighten for faster central bank tightening. As NAB’s Tapas Strickland discusses on…
- NAB Morning Call
Fed ready to fight inflation on two fronts
Monday 17th January 2022The Fed kicks of its schedule of FOMC meetings next week. We know tackling inflation will be front and centre, but as NAB’s Ray Attrill…
- NAB Morning Call
Looking ahead to a better 2022
Wednesday 22nd December 2021There was a lot more positive sentiment in the markets overnight. NAB’s Rodrigo Catril says it’s all down to Omicron news, with…
- NAB Morning Call
Europe’s cold cold Christmas
Tuesday 21st December 2021Energy markets are dominating market moves in the run up to Christmas. Oil prices have fallen significantly on fears that travel…
- NAB Morning Call
A very cautious Christmas
Monday 20th December 2021Markets are very cautious ahead of the Christmas break, with concerns about the impact of the Omicron strain. The Netherlands has gone…
- NAB Morning Call
BoE lifts rates despite everything
Friday 17th December 2021A rate rise by the Bank of England has surprised many, particularly in an environment of record COVID infections, and a hospitality…
- NAB Morning Call
Fed’s turbo taper and dots surprise
Thursday 16th December 2021The Fed, not surprisingly, are tapering faster as the race is on to lift rates next year. NAB’s David de Garis says the QE ending by…
- NAB Morning Call
It’s all about dots and jabs
Wednesday 15th December 2021Markets are still pulled in two directions. First there’s the continued uncertainty of the new COVID variant, which might be mild…
- NAB Morning Call
A little more caution on a lot less news
Tuesday 14th December 2021There’s a little more caution this morning, with equities down, driven by banks, travel and energy, with stay at home stocks doing…
- NAB Morning Call
UK empties the glass, but markets still half full
Monday 13th December 2021Markets were trading last week on the basis that the Omicron variant was not as lethal as the Delta strain, even though infections…
- NAB Morning Call
Transmission and inflation - the two concerns
Friday 10th December 2021Things were definitely a bit quieter overnight, with markets stepping back a little as they wait to figure out just what impact…
- NAB Morning Call
Banks to sit on their hands, UK to cover their faces
Thursday 9th December 2021Even though equity markets have slowed, bond markets are still reflecting positive sentiment around coping with the Omicron strain…
- NAB Morning Call
Omicron’s not so bad, markets hope
Wednesday 8th December 2021There’s a lot of positive sentiment around this morning. Equities are rising sharply in the US and Europe, oil is up and bond yields…
- NAB Morning Call
China and Omicron hopes drive a bounce back
Tuesday 7th December 2021US equites are roaring back, so is oil, with bond yields rising again. This newfound optimism has been driven by policy easing…
- NAB Morning Call
Too tight too quickly?
Monday 6th December 2021Markets were far more cautious on Friday. In part there are still concerns about the new Omicron strain, although circumstantial…
- NAB Morning Call
There’s a certain uncertainty
Friday 3rd December 2021Markets have displayed much mor epositive sentiment in the last 24 hours, but its not lasting. Gains in US equities have fallen away a…
- NAB Morning Call
WHO offers a shot in the arm for markets
Thursday 2nd December 2021Markets were choppy again overnight, but there is renewed hope with circumstantial evidence that the Omicron variant might be less…
- NAB Morning Call
Who are you and what have you done with Jerome Powell?
Wednesday 1st December 2021You might have expected that Jerome Powell would use the uncertainty of the new COVID strain to downplay the need to adjust the…
- NAB Morning Call
The bounce, the restrictions, the uncertainty
Tuesday 30th November 2021On today’s Morning Call NAB’s Ray Attrill reminds us that the CSIRO’s Dr Rob Grenfell predicted, back in the middle of the year, that…
- NAB Morning Call
Did the markets overreact to Omicron news?
Monday 29th November 2021There was a very strong market response to the news of the Omicron virus strain on Friday. Equities were hit hard, currencies ran for…
- NAB Morning Call
Talking turkey on central bank thinking
Friday 26th November 2021As America gobbles up Turkeys NAB’s Gavi Friend talks through the latest positioning on tightening by central banks. The FOMC minutes…
- NAB Morning Call
Is the US getting too hot to handle?
Thursday 25th November 2021There were many more positive signs for the US economy overnight, with initial jobless claims at an all-time low. The US dollar…
- NAB Morning Call
Happy tales from Euroland
Wednesday 24th November 2021There was a surprise for those expecting the PMI numbers on Tuesday to confirm the widening gap between US and European economic…
- NAB Morning Call
US dollar rises as Powell stays put.
Tuesday 23rd November 2021The US dollar and bond yields rose on the news that Jerome Powell is to keep the top job at the Fed for another term, with Lael…
- NAB Morning Call
A speedy taper and European tantrums
Monday 22nd November 2021The divide between the US and Europe became more pronounced at the end of last week, as NAB’s Rodrigo Catril explains 0n today’s…
- NAB Morning Call
US continues a slow recovery, Europe’s mounting issues
Friday 19th November 2021US equities have bounced back a little today, but, as NAB’s Gavi Friend describes, it’s been a session without significant event risk…
- NAB Morning Call
Caution after UK inflation surprise. Will Aussie wages ratchet up?
Thursday 18th November 2021Australian wage growth is in line with expectations, but where to from here? Phil Dobbie asks NAB’s Ivan Colhoun if there’s a chance…
- NAB Morning Call
Tills ring in the USA, jobs bounce back in the UK
Wednesday 17th November 2021It’s been a positive session overnight, with US retail sales rising and US jobs bouncing back. NAB’s Tapas Strickland says it’s…
- NAB Morning Call
Europe’s caution, China’s hope
Tuesday 16th November 2021The Euro has lost ground this morning, with concerns over COVID, following lockdowns in Holland and Austria, and rising cases in…
- NAB Morning Call
US facing higher prices, more quits, falling sentiment
Friday 15th November 2021Hot on the heels of the surprising increase in inflation in the US earlier last week, Friday saw an unexpected fall in consumer…
- NAB Morning Call
Have a little faith
Friday 12th November 2021Markets have been a little more positive over the last 24 hours, with the NASDAQ back on the rise, although a rising US dollar…
- NAB Morning Call
Eye-popping inflation doesn’t faze the Fed
Thursday 11th November 2021The inflation numbers from the US have been eye popping. That’s the description by the Fed’s Mary Daly as US CPI hits 6.2%, a 30…
- NAB Morning Call
Markets out of steam on inflation day
Wednesday 10th November 2021There’s been a move away from risk assets. It could just be equity markets running out of steam after a particularly strong rally…
- NAB Morning Call
Taking a breather
Tuesday 9th November 2021You’d think markets would be bathed in positivity, particularly in the US, with a string of good news, including infrastructure…
- NAB Morning Call
Bond markets wrapped up in a ball of confusion
Monday 8th November 2021You might expect a little more optimism in the markets given Friday’s strong non-farm payrolls data in the US, Pfizer’s news about a…
- NAB Morning Call
Bank of England Backs Down
Friday 5th November 2021There has been a sharp response in bond yields and currency markets to the Bank of England’s decision not to lift interest rates…
- NAB Morning Call
Tighter but taking time
Thursday 4th November 2021There weren’t any surprises in from the FOMC this morning. The Fed will cut asset purchases by $15 billion this month, with a further…
- NAB Morning Call
Central banks still grappling with what to do about inflation
Wednesday 3rd November 2021Central banks are still grappling with what to do about inflation. The RBA is reluctant to talk about interest rate hikes anytime…
- NAB Morning Call
RBA more uncertain than the cup winner
Tuesday 2nd November 2021For once we are going into an RBA meeting unsure of what the outcome will be. NAB’s Ray Attrill says we have as much chance of…
- NAB Morning Call
The winds of change in central bank policy
Monday 1st November 2021There were more big moves in Australian bond yields on Friday as the RBA failed to buy up the April 2024 bonds that were the focus of…
- NAB Morning Call
Inflation, inflation, inflation. It’ll pass says ECB, again.
Friday 29th October 2021Three year bond yields rose well above the RBA’s target of 0.1 percent yesterday, but the central bank didn’t buy any up as part of its…
- NAB Morning Call
Going bond crazy
Thursday 28th October 2021There have been sharp movements in bond yields, with front end yields rising and falls at the back end. NAB’s Gavin Friend says it…
- NAB Morning Call
Summers’ Twitter Tirade as US inflation expectations hit 13 year high
Wednesday 27th October 2021Former US Treasury Secretary Larry Summers took to Twitter yesterday to challenge Janet Yellen over inflation policy, suggesting the…
- NAB Morning Call
Banks ready to tighten, Biden ready to spend
Tuesday 26th October 2021The markets continue to be dominated by rising inflation concerns, including the price of oil. WTI got over $85 today, but has fallen…
- NAB Morning Call
Powell wants time to heal
Monday 25th October 2021Comments from Jerome Powell added to the volatility in bond markets on Friday. The chair of the Fed reinforced that it was time to…
- NAB Morning Call
Commodities down, but inflation fears stay high
A sharp fall in commodity prices hasn’t dampening inflation expectations, and with it the assumption that central banks will bring interest rates forward…
- NAB Morning Call
The inflation debate heats up
Thursday 21st October 2021Equities are rising to new highs as risk sentiment improves on the back of strong earnings results in the US, even though inflation…