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
A bad end to a solid month
Monday 3rd May 2021What data there was on Friday was largely good news, apart from the horrific turn of events in India. In the US, though, reads on consumer…
- NAB Morning Call
The price of supply chain disruption
Friday 30th April 2021It’s been a choppy session for US stocks, even though the news on the economy was largely positive and earnings results have been strong…
- NAB Morning Call
Long ways to go, says Powell
Thursday 29th April 2021Excuse the American pluralisation, but “long ways to go” is the Fed’s Jerome Powell’s take on the path to recovery for the American…
- NAB Morning Call
Treading water, but inflation expectations are on the rise again
Wednesday 28th April 2021Markets are treading water ahead of the FDOMC meeting tomorrow morning, but there’s been a sudden rise in bond yields in the US which…
- NAB Morning Call
Reflation reigns for now
Tuesday 27th April 2021Equities are on the rise again as risk sentiment rises following largely positive data, including the PMIs talked about in yesterday’s…
- NAB Morning Call
Risk on, for how long?
Monday 26th April 2021Markets were on a positive frame of mind at the end of the week, with a strong set of PMIs in the US and Europe, which helped push…
- NAB Morning Call
ECB avoids taper-talk, Biden’s rumoured tax grab
Friday 23rd April 2021Shares in the US have fallen this morning on news of a sizeable hike in capital gains for wealthy Americans. Although not officially…
- NAB Morning Call
Hawkish BoC boosts Canadian dollar
Thursday 22nd April 2021The Canadian dollar has been boosted by the Bank of Canada markedly increasing their growth forecasts for this year, bringing forward…
- NAB Morning Call
Market cautious over speed of recovery
Wednesday 21st April 2021There’s a cautious mood in the markets right now, with US stocks down, with smaller caps hit particularly hard. NAB’s Ray Attrill…
- NAB Morning Call
Wall Street pulls back during a quiet session
Tuesday 20th April 2021US equities dipped a little overnight, pulling back from record highs. NAB’s Tapas Strickland says there does seem to be a habit for a…
- NAB Morning Call
Bitcoin stalls, but US economy set to rip
Monday 19th April 2021There’s still plenty of positive sentiment around as the US, UK and Europe continue to vaccinate at pace. Europe has picked up pace and…
- NAB Morning Call
Topsy Turvey Response to a Good News Day
Friday 16th April 2021The news was largely positive overnight. Retail sales in the US were better than expected, initial jobless claims were down, the Philly…
- NAB Morning Call
Earnings up, Aussie confidence on a roll, oil shoots higher
Thursday 15th April 2021Equities came back off the highs we saw on Tuesday/Wednesday, but their decline didn’t reflect the sentiment in the market. In fact, a…
- NAB Morning Call
Vaccine slow down and inflation signs
Wednesday 14th April 2021It’s been a session with mixed messages. Inflation is showing up in data, including higher than expected CPI in the US yesterday…
- NAB Morning Call
US CPI today; all jabs are not equal
Tuesday 13th April 2021It’s been a fairly quiet session overnight, with bond auctions garnering a little less interest than last time, and more to come today…
- NAB Morning Call
New highs, fast jabs and more inflation brush off
Monday 12th April 2021Equities in the US finished Friday on new highs, ahead of corporate earning this week and despite a rise in bond yields. NAB’s Tapas…
- NAB Morning Call
Job confusion, yield consolidation, vaccine concerns
Friday 9th April 2021Australia has become the latest nation to express concern about the use of the Astra Zeneca vaccines on young people, except here young is…
- NAB Morning Call
Markets Lacklustre, Unsurprising FOMC minutes
Thursday 8th April 2021It’s been one of the quietest sessions for some time. The FOMC said nothing that surprised markets, and Janet Yellen detailing how they…
- NAB Morning Call
Consolidating and vaccinating
Wednesday 7th April 2021There were no significant market moves overnight. The US dollar has fallen a little further, bond yields are down and equities have…
- NAB Morning Call
US bounce pushes equities to record highs
Tuesday 6th April 2021US equities have been boosted by a string of positive data. The ISM manufacturing read at the end of last week bounced back sharply, and…
- NAB Morning Call
Markets Rally Ahead of Biden’s Philly Talk
Thursday 1st April 2021Joe Biden and Treasury Secretary Yellen are about to give the details of their long-awaited infrastructure spending plan, but NAB’s…
- NAB Morning Call
Biden the builder
Wednesday 31st March 2021US 10 year Treasury yields hit a 14 month high overnight, as the US dollar rose higher. Phil Dobbie asks NAB’s Ray Attrill how much of…
- NAB Morning Call
Open for business
Tuesday 30th March 2021NAB’s Gavin Friend says, early in the session the fire-sale of $20 billion of stocks held by Archegos Capital was all everyone was…
- NAB Morning Call
Optimism, despite block trades and blocked trade
Monday 29th March 2021There was quite a bit of optimism in the air on Friday as we career towards the end of the month and the end of the quarter this week…
- NAB Morning Call
Mixed sentiment sees markets move sideways
Friday 26th March 2021It’s been another mixed session. NAB’s Gavin Friend says, on the one side there’s the tantalising prospect of an economic reopening in…
- NAB Morning Call
A wedged ship, vaccine wrangles add to delay concerns
Thursday 25th March 2021There’s a realisation emerging, says NAB’s Gavin Friend, that even though countries are pressing ahead with vaccine role outs, the…
- NAB Morning Call
Oil price spills over COVID recovery concerns
Wednesday 24th March 2021Market sentiment has switched in the last 24 hours, with concerns that the economic recovery from COVID-19 might be slower than…
- NAB Morning Call
US bond yields fall; risk sentiment boosts equities
Tuesday 23rd March 2021There were big rises in US shares overnight, with the NASDAQ rising 1.7% in this session, helped by a moderate fall in Treasury yields…
- NAB Morning Call
SLR and all that
Monday 22nd March 2021The Fed will push on with ending its lower capital requirements held against Treasurys, sticking with a schedule that will see the…
- NAB Morning Call
Fed pushes bond yields up, Russia drives oil down
Friday 19th March 2021There was more reaction to the FOMC meeting today, with bond yields rising sharply. Oil has also risen a lot as tensions mount between…
- NAB Morning Call
Strong market reaction as Fed changes nothing
Thursday March 18th 2021The Fed has upped its growth expectations for the US economy, driven by the fiscal support and the vaccine rollout. But Fed Chair…
- NAB Morning Call
Slow movement, soft data
Wednesday 17th March 2021There wasn’t much movement in shares, bond yields or currencies overnight, despite weaker retail numbers out of the US. It’s a…
- NAB Morning Call
Clots slow down the EU vaccine rollout
Tuesday 16th March 2021The fear of blood clots from injections means use of the Astra Zeneca vaccine has been suspended in an increasing number of European…
- NAB Morning Call
Yields higher, jabs faster, inflation expectations lower
Monday 15th March 2021Bonds yields rose sharply again on Friday, with 10 year Treasuries reaching their highest level since February last year. NAB’s Tapas…
- NAB Morning Call
ECB to buy faster, US job claims slowing
Friday 12th March 2021Asset markets continue to be drawn by bond markets, says NAB’s David de Garis, on today’s podcast. With stimulus coming down the line…
- NAB Morning Call
Low US inflation, Lowe’s go slow, China borrows to grow
Thursday 11th March 2021The US 10 years notes auction this morning was a little softer than anticipated, but saw yields higher than last time. But NAB’s Gavin…
- NAB Morning Call
Another big share flip and a boost in Aussie business confidence
Wednesday 10th March 2021Shares have reverted to a focus on tech in the US with a sharp rise in tech stocks. In fact, almost everything is a reversal on…
- NAB Morning Call
Turning away from tech as yields push higher
Tuesday 9th March 2021Us Treasury yields pushed steadily higher overnight, reaching 1.6 percent for 10 year Treasuries. These higher rates have loosened the…
- NAB Morning Call
US – strong jobs numbers, $1.9 trillion injection almost there
Monday 8th March 2021The US senate has passed the $1.9 trillion stimulus package, so it will almost certainly become law this week. Phil Dobbie asks NAB’s Ray…
- NAB Morning Call
Powell gives no answers, bond yields climb again
Friday 5th March 2021Bond yields are on the rise, in the US and in Australia – for very similiar reasons. Jerome Powell failed to reassure markets that the Fed…
- NAB Morning Call
Bond yields are at it again
Thursday 4th March 2021Bond yield have been rising sharply overnight. This time it’s being driven not just by optimism about the speed of the global recovery…
- NAB Morning Call
Australia’s growth, China’s warning
Wednesday 3rd March 2021All eyes will be on Australia’s GDP read this morning, which NAB’s Ray Attrill says is expected to be close to 3% growth QoQ, driven by…
- NAB Morning Call
RBA buys up ahead of today’s meeting
Tuesday 2nd March 2021The RBA might have left itself with very little to say today, having upped their bond buying in response to the sharp rise in yields last…
- NAB Morning Call
Bond yields switch direction as volatility continues
Monday 1st March 2021Friday saw a reversal in the bond sell-offs earlier in the week, seeing 10 year yields in the US falling back top 1.4%. Phil Dobbie asks…
- NAB Morning Call
A big bond sell-off.
Friday 26th February 2021Despite the increasing dovishness of central bankers the markets have been selling government bonds like they are going out of…
- NAB Morning Call
The battle to be king of the doves
Thursday 25th February 2021As the reflation trade continues to push bond prices lower and commodities higher, central bankers are fighting amongst themselves…
- NAB Morning Call
Will the RBA play catch up?
Wednesday 24th February 2021Many believe the RBA didn’t go far enough on Monday, buying up a $1 billion of bond purchases in the face of sharply rising bond…
- NAB Morning Call
Bond yields go crazy, Aussie dollar hits another multi-year high
Tuesday 23rd February 2021Australian 10 year bond yields have nudged 1.65 percent for the first time since May 2019. NAB’s Rodrigo Catril says the market was…
- NAB Morning Call
Multi-year highs for the Aussie Dollar and Sterling, whilst US yields shoot higher
Monday 22nd February 2021There was a big rise in the Aussie dollar and the pound on Friday, both reaching multi-year highs. NAB’s Ray Attrill says rising…
- NAB Morning Call
US equities fall, pound rises ahead of Boris’ escape plan
Friday 19th February 2021There have been big falls in US equities overnight after higher than anticipation jobless claims, showing its not a smooth recovery…
- NAB Morning Call
The US: more shopping, higher producer prices
Thursday 18th February 2021There was a strong bounce back in US retail sales in January, helped by the arrival of $600 into most people’s bank accounts. NAB’s…
- NAB Morning Call
Treasury yields rise sharply as reflation rolls on
Wednesday 17th February 2021Equities were mixed in the US overnight, but the S&P did manage to claw out a new record high, whilst the NASDAQ fell. The biggest…
- NAB Morning Call
US rest day can’t stop reflation
Tuesday 16th February 2021America has been off work for Presidents Day, but that hasn’t stopped markets optimistically looking to a world where COVID-19 isn’t…
- NAB Morning Call
All the ex-President’s men
Monday 15th February 2021There’s absolutely no surprise that Donald Trump has been acquitted in Washington, which means he could stand for office again. It…
- NAB Morning Call
Powell’s slow road, Biden plays it cool with China
Friday 12th February 2021It’s been a relatively quiet 24 hours with only slight market moves, with traders absorbing the dovish outlook presented by Jerome…
- NAB Morning Call
Markets bide their time, with soft US inflation and a Dovish Riksbank
Thursday 11th February 2021Markets have been fairly subdued on the back of soft inflation numbers in the US, and as investors hold off for any revelations from…
- NAB Morning Call
China’s Credit Surprise Boosts Euro. Here’s why.
Wednesday 10th February 2021The Euro gained on two fronts overnight. First, Super Mario Draghi looks set to run the Italian government, and is likely to…
- NAB Morning Call
Yellen Denies Great inflation Expectations
Tuesday 9th February 2021Janet Yellen shrugged off concerns about the Biden stimulus package unleashing inflation on the US economy. As NAB’s Tapas Strickland…
- NAB Morning Call
Inflation debate over Biden’s stimulus as jobs growth disappoints
Monday 8th February 2021Friday’s non-farm payrolls numbers in the US surprised on the downside. NAB’s Rodrigo Catril says a big downward revision to the…
- NAB Morning Call
US and UK blossom, as Euro struggles
Friday 5th February 2021Today’s moves reinforce the emerging story of two destinies. The UK and the US are well ahead of Europe on vaccine rollouts, and that…