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
Real yields reach lows, vaccine reach slows
Tuesday 27th 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…
- NAB Morning Call
High hopes, big concerns and fewer babies
Monday 26th July 2021Last week markets were pulled between concerns over the rise of the Delta variant and the encouragement of strong corporate earnings data…
- NAB Morning Call
Strong earnings, cautious ECB and NZ’s first day without QE
Friday 23rd July 2021Equities have been helped by earnings results and a little less COVID concern. On the macro front US jobless claims rose unexpectedly, but…
- NAB Morning Call
Risk back on with rebound expectations
Thursday 22nd July 2021The rebound from the COVID concerns at the start of the week is now complete, with bond yields rebounding further overnight, equities…
- NAB Morning Call
Markets recover, but why?
Wednesday 21st July 2021Curiously, much of the negative market reaction at the start of the week has seen a reversal in the last 24 hours, even though the…
- NAB Morning Call
Markets Hit by the Delta Blues
Tuesday 20th July 2021There’s not been a lot of economic data around, but markets have dipped sharply on the back of rising COVID cases. NABs Tapas Strickland…
- NAB Morning Call
OPEC drip feeds more oil
Monday 19th July 2021OPEC reached a deal of sorts over the weekend which will see supplies increase incrementally over the next few months. NAB’s Rodrigo…
- NAB Morning Call
Cautious for no clear reason
Friday 16th July 2021Markets returned to a more cautious outlook overnight, with US equities losing ground and bond yields falling. As NAB’s David de Garis…
- NAB Morning Call
More inflation, RBNZ moves first
Thursday 15th July 2021There’s a world of difference in the approaches being taken by central banks in response to the COVID recovery. NAB’s Gavin Friend talks…
- NAB Morning Call
Another US inflation surprise. Still transitory?
Wednesday 14th July 2021US inflation has surprised again. It was expected to ease back after the 5% jump last month, but this time its higher still. Phil…
- NAB Morning Call
Stocks high on earning hopes; times changing for ECB
Tuesday 13th July 2021US stocks hit new highs as Q2 earnings season kicks off. NAB’s said it also reflects a recovery from Asia emanating from China’s easing…
- NAB Morning Call
Delta’s day off
Monday 12th July 2021For most of last week markets grew increasingly cautious about the spread of the Delta variant and fears of further lockdowns in major…
- NAB Morning Call
2 percent or not 2 percent, that is the question
Friday 9th July 2021Is it below 2 percent or at 2 percent? The ECB has made subtle changes to its inflation target, but has flatly rejected the Fed approach of…
- NAB Morning Call
Fed minutes trumped by ECB strategy review
Thursday 8th July 2021The FOMC minutes were released this morning, but a more significant central bank release could be out later in the day. Christine Lagarde…
- NAB Morning Call
Markets cautious on numerous fronts; RBA focuses on data not dates
Wednesday 7th July 2021Bond yields have fallen markedly as markets adopt a more cautious air. NAB’s Rodrigo Catril says it’s being driven by a number of…
- NAB Morning Call
Freedom Day for the UK, D-Day for the RBA
Tuesday 6th July 2021Boris Johnson has told the UK public that they are just two weeks away from removing their masks, getting back to work and forgetting…
- NAB Morning Call
Payrolls just the job for Goldilocks
Monday 5th July 2021Not too strong not too light, that seems to be the view of the non-farm payrolls in the US on Friday. It wasn’t strong enough to signal…
- NAB Morning Call
The last day of treading water
Friday 2nd July 2021Markets have been treading water all week waiting for the non-farm payrolls data, particularly in bond yields which hardly moved at all in…
- NAB Morning Call
Ignoring the talk, waiting for the facts
Thursday 1st July 2021As we’ve mentioned before, central bank speakers are having little influence on the markets since the sharp response to the last FOMC…
- NAB Morning Call
Confidence rising, but so is the Delta strain
Wednesday 30th June 2021Markets have largely moved sideways, pulled between rising confidence numbers in the US and Europe, and concerns about rising cases of…
- NAB Morning Call
Reflation retreats a little as virus spreads further
Tuesday 29th June 2021A little more cautiousness has crept back into the markets says NAB’s Tapas Strickland, although it might be as much to do with the…
- NAB Morning Call
Lock down means no RBA lowdown
Monday 28th June 2021With Sydney suddenly flung into lockdown, Phil Dobbie asks NAB’s Ray Attrill what the market reaction will be today. One immediate…
- NAB Morning Call
Biden whittles down plan to win support
Friday 25th June 2021Joe Biden has struck a deal to push ahead with his infrastructure plan – a much reduced version. That’s helped US equities today. Ahead of…
- NAB Morning Call
The crawl back is done, reflation takes over
Thursday 24th April 2021The crawl back from last week’s FOMC surprise is more or less complete. As NAB’s David de Garis points out, Treasury yields are back to…
- NAB Morning Call
Fed cools things down; words from the RBA later
Wednesday 23rd June 2021Jerome Powell has been giving is testimony on Capitol Hill and he, like all the Fed speakers over the last 24 hours, has been trying…
- NAB Morning Call
Swift turnaround as markets rethink FOMC response
Tuesday 22nd June 2021Well, we did say it was a rather extreme reaction to the FOMC meeting last week. NAB’s Tapas Strickland says the market moves overnight…
- NAB Morning Call
Aussie dollar caught in the storm
Monday 21st June 2021The US dollar continued to rise at the end of last week., hitting a two-month high, after the surprisingly bullish outlook from the Fed…
- NAB Morning Call
NZ GDP, Aussie employment both punch the lights out, but currencies fall
Friday 18th June 2021The US dollar continued to rise yesterday, after the hawkish comments from the Fed. As David de Grais discusses on today's podcast, it’s…
- NAB Morning Call
Fed speeds up rate hike roadmap
Thursday 17th June 2021At the FOMC meeting this morning the Fed upped their growth and inflation forecasts, twit the dot plots pointing to rate rises as soon…
- NAB Morning Call
Retail sales numbers add to caution ahead of the FOMC
Wednesday 16th June 2021The FOMC meeting is just a day away are markets are being cautious, with little movements in bonds or equities. A weaker than expected…
- NAB Morning Call
Oil nudges higher, bond yields bounce back ahead of FOMC meeting this week
Tuesday 15th June 2021Oil has hit a two-year high. This morning NAB’s Ray Attrill explains why oil prices could continue to rise. Are we heading for $100 oil?…
- NAB Morning Call
Market unphased by US CPI; ECB stays dovish despite upping forecasts
Friday 11th June 2021US CPI was a higher than expected, but the Market seems to have taken it largely in its stride, although it’s helped push equities higher…
- NAB Morning Call
Inflation – mixed signals and opinions ahead of US CPI
Thursday 10th June 2021Bond yields have fallen further overnight, in some cases to levels not seen for several months. NAB’s Tapas Strickland says it could be…
- NAB Morning Call
Markets going nowhere, yet US job openings boom
Wednesday 9th June 2021Inflation fears have eased further, says NAB’s Gavin Friend, with bond yields pushing lower and market volatility easing. That’s despite…
- NAB Morning Call
Goldilocks loses a little of her shine
Tuesday 8th June 2021If the non-farm payrolls gave the markets a Goldilocks moment on Friday – with jobs numbers that weren’t too hot or too cold – then maybe…
- NAB Morning Call
US jobs numbers hit the sweet spot
Monday 7th June 2021Not too good, not too bad, that seems to have been the market response to the non-farm payrolls numbers out of the US on Friday. NAB’s…
- NAB Morning Call
Taper torment with more calls for Fed to take their foot off the pedal
Friday 4th June 2021On today’s podcast NAB’s Gavin Friend talks through a session that has been in two parts. First off there was the response to a series of…
- NAB Morning Call
Beige Book highlights ‘brisk rise’ in input costs
Thursday 3rd June 2021If there’s one takeout from the Fed’s Beige Book overnight, aside from the continued improvement in the US recovery, it was the rising…
- NAB Morning Call
No surprises from the RBA, and don’t be surprised by an uptick in Aussie GDP today
Wednesday 2nd June 2021The RBA didn’t steer from its earlier stance that it was too soon to be looking at any changes in policy right now. Those who were…
- NAB Morning Call
China wants to curb the Yuan and grow the family
Tuesday 1st June 2021Markets have been understandably quiet with the US and UK on holiday. China delivered its PMIs, with the manufacturing read a little below…
- NAB Morning Call
Month end comes early for some
Monday 31st May 2021It was an early start to month-end on Friday, with the US and UK off on holiday today. NAB’s Ray Attrill says there were a lot of intra-day…
- NAB Morning Call
More central bankers wanting to ease off the pedal
Friday 28th May 2021Three central bankers argued for a more rapid tightening of monetary policy overnight. The Bank of England’s Gertjan Vlieghe argued a…
- NAB Morning Call
RBNZ talks it up, Europe talks it down
Thursday 27th May 2021The RBNZ surprised many yesterday by indicating that there could be an interest rate rise as soon as next year, which bolstered the Kiwi…
- NAB Morning Call
China gets Yuan Up on the Dollar
Wednesday 26th May 2021Okay, we know The US dollar has fallen again, with rises in the Euro, and a shift up in the Yuan, but will it stick? NAB’s Ray Attrill…
- NAB Morning Call
Low volumes, more risk, less inflation concerns
Tuesday 25th May 2021Equities are back on the rise and bond yields are falling, slightly, as investors seem to have accepted the line of most central banks…
- NAB Morning Call
Lagarde’s tapering reluctance; vaccines winning against mutations
Monday 24th May 2021There was a strong set of numbers at the end of the week; PMI reads were generally good, UK retail bounced back and vaccines, we’re told…
- NAB Morning Call
It was another Turnaround Thursday
Friday 21st May 2021Equities bounced back in the US and Europe as markets re-evaluated the comments about the timing of tapering in this week's FOMC minutes…
- NAB Morning Call
Fed taper talk pushes yields higher
Thursday 20th May 2021The FOMC minutes gave away more than expected, with the Fed suggesting it might be appropriate at some point to discuss a plan to adjust…
- NAB Morning Call
US dollar heading to 2018 lows
Wednesday 19th May 2021It’s been a mixed session for US equities overnight, whilst bonds headed sideways. The main move has been the further decline in the US…
- NAB Morning Call
Uncertain markets change direction again
Tuesday 18th May 2021US shares fell sharply today as investors once again weighed up inflation concerns. The only new data to support rising prices was the…
- NAB Morning Call
Inflation, confidence and retail, merely temporary
Monday 17th May 2021Share markets are riding high again in the US despite a triple whammy of disappointing reports. First, retail sales ex-auto fell 0.8…
- NAB Morning Call
Fewer jobless claims and hopes of a faster recovery
Friday 14th May 2021USA equities came bouncing back today after yesterday’s sharp response to the higher than anticipated CPI numbers. Topday, investors…
- NAB Morning Call
The inflation shock we were warned about
Thursday 13th May 2021US CPI numbers came in on the high side today, and markets have reacted swiftly, with equities falling sharply and the bond sell-off…
- NAB Morning Call
Vertigo and Inflation Fears
Wednesday 12th May 2021Equities have taken a tumble again in the US, with the falls broader than just tech stocks. Europe too has seen sharp falls. This risk…
- NAB Morning Call
Inflation, hugs and shrinking deficits
Tuesday 11th May 2021Inflation expectations continues to influence markets, with NAB’s Rodrigo Catril explaining why it has such a marked impact on tech…
- NAB Morning Call
Does the US jobs shortfall vindicate the Fed’s cautious approach
Monday 10th May 2021US non-farm payrolls markedly undershot market expectations on Friday, with just 266 thousand new payrolls, versus the expectation of close…
- NAB Morning Call
Let’s not get carried away
Friday 7th May 2021The Bank of England has upped its forecasts for the growth of the UK economy this year – from 5 percent a few months ago, up to 7.25…
- NAB Morning Call
Will the Bank of England taper before the Fed?
Thursday 6th May 2021The Fed’s board continues to talk down the prospect of tapering, pushing the argument that price rises will be transitory. There was more…
- NAB Morning Call
Yellen’s Rates Call Surprises, RBA ups forecast
Wednesday 5th May 2021Janet Yellen surprised the markets this morning suggesting that it might be necessary to raise interest rates to stop the economy from…
- NAB Morning Call
Demand beating supply. Inflation anyone?
Tuesday 4th May 2021Demand is outstripping supply on both sides of the Atlantic. That fact shone through in today’s US manufacturing ISM, which, whilst still…