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
Earnings anything but a damp squid
Wednesday 20th October 2021US equities have had a strong session, although Procter and Gamble weas one of the first major household companies to highlight…
- NAB Morning Call
Inflation and slowing economies. Isn’t there a word for that?
Tuesday 19th October 2021Bond yields are higher globally as inflation concerns mount. New Zealand’s CPI read (2.2% QoQ) sent 10 year yields up 16 basis points…
- NAB Morning Call
Shares rising, despite everything. Please explain.
Monday 18th October 2021Equity markets were buoyed by strong US earnings results and stronger than expected retail sales numbers, but there are many reasons to…
- NAB Morning Call
Have inflation concerns peaked?
Friday 15th October 2021Markets have taken a more positive outlook overnight, with sharp rises in equities in the US and Europe. NAB’s Gavin Friend says it’s…
- NAB Morning Call
Wages, fuel, supply chains and a not-so-transitory inflation number
Thursday 14th October 2021US CPI numbers were a little higher than anticipated. NAB’s David de Garis says we did see some support for bond yields, but markets…
- NAB Morning Call
IMF warning central banks to act quickly on inflation
Wednesday 13th October 2021The IMF released revised forecasts overnight, together with a warning that central banks need to tighten their monetary policy if…
- NAB Morning Call
Energy prices rise further, central banks more hawkish
Tuesday 12th October 2021Fuel prices are rising, with the gas crisis now pushing up oil and coal prices. On today’s podcast NAB’s Tapas Strickland says central…
- NAB Morning Call
Soft jobs numbers won’t dampen the Fed’s tapering intention
Monday 11th October 2021Non-farm payrolls numbers from the US on Friday were less than expected, but NAB’s Rodrigo Catril says the numbers weren’t as bad as…
- NAB Morning Call
Everyone seems happy to kick the can
Friday 8th October 2021Two cans are being kicked. The US debt ceiling can is being kicked into December, but the issues remain. The gas can has been kicked…
- NAB Morning Call
Where is the safe haven?
Thursday 7th October 2021The fuel crisis in Europe and the UK is impacting global markets, with shares taking a hit. There’s been no rush to bonds given the…
- NAB Morning Call
Risk on, with inflation? RBNZ ready to lift rates
Wednesday 6th October 2021The currency markets suggest there’s a risk on mood this morning, with the US dollar gaining on the Japanese Yen and Swiss Franc…
- NAB Morning Call
Stagflation consternation as OPEC sticks to the plan
Tuesday 5th October 2021Oil prices rose quickly this morning after OPEC+ announced they would stick with their earlier plans of rising production in November…
- NAB Morning Call
China to secure fuel at all costs
Friday 1st October 2021There’s a fair bit to chew on today, with commodity currencies helped by word from China that they must secure enough energy for winter…
- NAB Morning Call
Markets calmer, but US budget deadline looms
Thursday 30th September 2021Markets are much calmer this morning. Equities have managed to climb a little, with the biggest moves in currencies and…
- NAB Morning Call
Dangerous Powell, markets run for cover
Wednesday 29th September 2021It seems like it was a fairly heated Senate Banking Committee meeting in the US overnight. Flags were raised about whether Jerome…
- NAB Morning Call
Is reflation back? Commodities push even higher
Tuesday 28th September 2021It seems markets are still trading on the hawkishness of central banks, particularly the Fed, where we’re seeing bond yields…
- NAB Morning Call
Add the debt ceiling to the list of concerns
Monday 27th September 2021Last week was a very volatile week, driven by the uncertainty over Evergrande, the unexpected hawkishness of central banks, continued…
- NAB Morning Call
Optimism. But why?
Friday 24th September 2021There’s been a big shift to risk-on overnight, with equities rising and bonds falling, pushing yields much higher in the US and…
- NAB Morning Call
Not yet, but soon says the Fed
Thursday 23rd September 2021As expected, the Fed didn’t give a specific date for the start of tapering, but suggested it should all be done by the middle of…
- NAB Morning Call
Waiting on Evergrande, the Fed and oil inventories
Wednesday 22nd September 2021Markets are still concerned over the Evergrande debacle, although equities and currencies and bonds have all calmed down a little…
- NAB Morning Call
Evergrande Contagion Fears
Tuesday 21st September 2021Markets have been running for cover overnight over fears that a default by Evergrande could spread beyond the Chinese property…
- NAB Morning Call
Just another cautious Monday
Monday 20th September 2021There’s more caution in the markets as we kick off a week doinated by central banks – the US Fed, BoE, BoJ, Swiss National Bank…
- NAB Morning Call
Lots of movement, not much direction
Friday 17th September 2021There was a lot of movement overnight, with US equities falling, then regaining some of the losses in late trade. Most currencies…
- NAB Morning Call
High hopes or buying the dip?
Thursday 16th September 2021There’s a little more optimism in the markets this morning, particularly in US equities. NAB’s Tapas Strickland says there’s no…
- NAB Morning Call
Has US inflation peaked?
Wednesday 15th September 2021Inflation in the US has slowed. Is this a win for those arguing it is all transitory? Phil Dobbie asks NAB’s Rodrigo Catril what…
- NAB Morning Call
Oil Higher and RBA’s Lowe-down
Tuesday 14th September 2021Markets are a little mixed ahead of today’s US CPI numbers. But, just how important are these numbers when the Fed is far more…
- NAB Morning Call
Three reasons to be cautious
Monday 13th September 2021Talks between Biden and Xi on Friday added to market concerns. NAB’s Rodrigo Catril says it was the realisation of how long it would…
- NAB Morning Call
ECB, calibrating not tapering
Friday 10th September 2021As NAB’s Gavin Friend vehemently predicted on yesterday’s Morning Call, the ECB has announced that they will cut back purchases under…
- NAB Morning Call
Bank of Canada on pause, ECB unlikely to do the same
Thursday 9th September 2021As expected, there were no moves from the Bank of Canada overnight, but NAB’s Gavin Friend says the same will not be true for the…
- NAB Morning Call
RBA ready for the bounce back, eventually
Wednesday 8th September 2021The RBA is pushing ahead with its tapering of bond purchases, just as predicted on The Morning Call, but the bank is doing it in a…
- NAB Morning Call
COVID versus the central banks
Tuesday 7th September 2021The RBA meets today and the big question is, will they push on with their tapering schedule, reducing weekly purchases from $5b per…
- NAB Morning Call
Far from substantial progress, but just a temporary setback?
Monday 6th September 2021Non-farm payrolls grew well below market expectations I the US on Friday, and are certainly not the substantial progress the Fed has…
- NAB Morning Call
Only currencies making moves ahead of US jobs numbers
Friday 3rd September 2021There seems to be a lot resting on tonight’s non-farm payrolls numbers from the US. Phil Dobbie asks NAB’s Gavin Friend what the…
- NAB Morning Call
Markets defensive on fears of slower jobs growth
Thursday 2nd September 2021The ADP employment numbers in the US normally play second fiddle to the non-farm payrolls, but they are out a day earlier, and…
- NAB Morning Call
Falling production, higher prices turns sentiment around
Wednesday 1st September 2021Markets have lost their optimism overnight. China’s PMIs came in softer than expected and Canada’s GDP, expected to grow, actually…
- NAB Morning Call
Hold on for the payrolls
Tuesday 31st August 2021It’s been a quiet session overnight and NAB’s Tapas Strickland says its likely to be a quiet week in the run up to non-farm payrolls on…
- NAB Morning Call
Powell maintains taper silence
Monday 30th August 2021The Fed chair Jerome Powell didn’t indicate any timing for tapering, as we predicted several times last week on The Morning Call. Yet…
- NAB Morning Call
Kabul blasts hit sentiment, markets hold for Powell’s taper talk
Friday 27th August 2021Market sentiment has been hit by the explosions in Kabul this morning, but NAB’s David de Garis says the response has been fairly…
- NAB Morning Call
High hopes keep getting higher
Thursday 26th August 2021Market optimism continued overnight, with US equities again hitting new highs and commodities climbing sharply too. That's helped the…
- NAB Morning Call
More jabs, more optimism, higher Aussie dollar
Wednesday 25th August 2021The tide of optimism seems to have set in, with another day of rising commodity prices and a strengthening Aussie dollar. Rising iron…
- NAB Morning Call
Markets turn giddy on COVID news
Tuesday 24th August 2021There’s been a swift turn in market sentiment, with US equities pushing new highs and oil bouncing back sharply. NAB’s Rodrigo Catril…
- NAB Morning Call
Kaplan’s hawkish wings are clipped
Monday 23rd August 2021Equities recovered in the US at the end of last week as markets responded to comments from Robert Kaplan, President of the Dallas Fed…
- NAB Morning Call
Commodities fall, VIX jumps, Aussie hit hard as growth concerns rise
Friday 20th August 2021There are more concerns over the global growth story, with commodity prices falling and the Aussie dollar one of the hardest hit…
- NAB Morning Call
Central banks holding back
Thursday 19th August 2021The RBNZ didn’t push interest rates up yesterday, in light of the national lockdown. NAB’s David de Garis says the decision has been…
- NAB Morning Call
Will RBNZ still hike rates today, even in a lockdown?
Wednesday 18th August 2021With New Zealand in lockdown will the RBNZ still push ahead with its expected rate rise today? NAB’s Rodrigo Catril says central…
- NAB Morning Call
China’s slowdown gives confidence another blow
Tuesday 17th August 2021Markets remain unsure as to the speed of the global recovery, but there’s mounting evidence that the full extent of the rebound will be…
- NAB Morning Call
Back to uncertainty
Monday 16th August 2021The US dollar lost a lot of ground on Friday, with Treasury yields falling, both on the back of a much weaker than expected consumer…
- NAB Morning Call
On the road to nowhere
Friday 13th August 2021There was very little movement in the markets overnight, with thing trading during the northern summer, compounded by any significant…
- NAB Morning Call
Inflation the way the Fed wanted it
Thursday 12th August 2021US CPI eased in July. NAB’s David de Garis says it was helped by less pressure on used car prices and airline fares, whilst food…
- NAB Morning Call
Will US CPI give markets the direction they are looking for?
Wednesday 11th August 2021Markets are a little more optimistic today, but there seems little rhyme nor reason. NAB’s Ray Attrill says oil has bounced back…
- NAB Morning Call
Code red, but focus is on the Fed
Tuesday 10th August 2021The UN chief has called the latest IPCC report on climate change “a code red for humanity”. The shorter timeframes for rising…
- NAB Morning Call
US jobs – is this ‘substantial progress’?
Monday 9th August 2021There was a strong market reaction to Friday’s non-farm payrolls in the US, which NAB’s Rodrigo Catril says was at the top end of a broad…
- NAB Morning Call
Watch Germany go
Friday 6th August 2021I amongst the mixed data from the US – including signs that the job recovery is slowing - and the varied opinions of central bankers…
- NAB Morning Call
Jobs boost for NZ, whilst US jobs fail to pick up
Thursday 5th August 2021The New Zealand unemployment rate has fallen sharply, adding more to the expectation that the RBNZ will lift interest rates next month…
- NAB Morning Call
A tale of two central banks, both focused on a strong recovery
Wednesday 4th August 2021Central banks seem to be taking a very optimistic view of the rate of recovery right now. The RBA has decided it will push ahead with…
- NAB Morning Call
More caution on manufacturing undershoot
Tuesday 3rd August 2021There was a sharp drop in Treasury yields soon after the release of the ISM Manufacturing numbers from the US. The expectation was that…
- NAB Morning Call
Has China fallen out of love with Aussie iron ore?
Monday 2nd August 2021Iron ore prices fell below U$200 on Friday as China indicated that they would be cutting demand. It hit the Aussie dollar on Friday…
- NAB Morning Call
US GDP was better than it looks
Friday 30th July 2021Markets have had a chance to absorb the dovish sentiment from the Fed yesterday and take stock of mixed data overnight. On the surface US…
- NAB Morning Call
Markets turn as Powell reaffirms ‘some way to go’
Thursday 29th July 2021There was a tame response to the FOMC statement this morning, but a more marked reaction during the press conference that followed…
- NAB Morning Call
Rocky road for China investors
Wednesday 28th July 2021Whilst US equities edged to all-time highs, the real yields on US Treasuries sank to new lows. NAB’s Rodrigo Catril talks about how…