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
New Zealand, first out? Mario’s return. Oil at pandemic high.
Thursday 4th February 2021New Zealand’s labour force data yesterday showed a strong fall in unemployment, possibly down to NAIRU levels. Phil Dobbie asks NAB’s…
- NAB Morning Call
Philip Lowe set to explain the dovish RBA stance
Wednesday 3rd February 2021All eyes and ears will be on Philip Lowe’s speech today, following the very dovish outlook from the RBA yesterday. Despite our…
- NAB Morning Call
Moving on from GameStop, back to abnormality
Tuesday 2nd February 2021In normal times an episode like the Reddit induced short squeeze would eventually see markets return to normal. Normal today, of…
- NAB Morning Call
Reddit Warriors, Vaccine Nationalism and Morrison’s Budget Repair
Monday 1st February 2021Equities were hit hard on Friday as the Reddit warriors made their mark. NAB’s Tapas Strickland says the regulators response is to side…
- NAB Morning Call
Reddit Rebels shut out, US growth slows
Friday 29th January 2021US equities have bounced back after a day influenced by speculative trading on retail platforms, like Robin Hood, with investors…
- NAB Morning Call
Big falls in shares ahead of a dovish Fed
Thursday 28th January 2021The markets have so far been unmoved by the DOFMC announcement, perhaps because it said so little. No move in rates or QE and a…
- NAB Morning Call
Asian equities hit, US stimulus delayed, Aussie inflation today
Wednesday 27th January 2021The IMF has upped their forecasts for global growth but, as NAB’s Tapas Strickland suggests on this morning’s podcast, markets don’t…
- NAB Morning Call
Vaccine delays throw dampener on recovery timelines
Monday 25th January 2021Markets turned sharply to a risk-off mood at the end of last week, on the realisation that vaccine roll outs will take longer than…
- NAB Morning Call
ECB sticks with bond buying plans and readies for double dip recession
Friday 22nd January 2021The ECB changed nothing overnight, with President Lagarde saying risks remained on the downside. NAB’s Gavin Friend says German bond…
- NAB Morning Call
Inauguration Day Highs
Thursday 21st January 2021Former President Donald Trump often remarked about how his administration saw record highs in US equities. If the President has any…
- NAB Morning Call
America Goes Gaga as Janet Yellen Acts Big
Wednesday 20th January 2021It’s Inauguration Day, or it will be when Wednesday eventually ticks round in the US. Lady Gaga will sing the National Anthem before…
- NAB Morning Call
Trump’s last day – how much will Biden undo?
Tuesday 19th January 2021Markets are looking through the prospect on any unrest on inauguration day, but the more immediate question is what with the President…
- NAB Morning Call
Is Biden’s Honeymoon Over Already?
Monday 18th January 2021Markets responded at the end of the week to Joe Biden’s proposals for stimulating the US economy. As NAB’s Rodrigo Catril points out in…
- NAB Morning Call
Bond yields rise further as Powell puts paid to tapering
Friday 15th January 2021Bond yields were already on the rise before Fed chairman Jerome Powell talked down the likelihood of any easing in bond purchases this…
- NAB Morning Call
Bond yields fall on less taper talk; Biden ready to spend big
Thursday 14th January 2021An ensuing impeachment of the US President continues to be of little concern to the markets, with more focus on the words coming from…
- NAB Morning Call
Treasury appetite is still strong
Wednesday 13th January 2020With yields rising there’s been a question mark over whether the appetite for treasury bonds is falling, ahead of trillions expected…
- NAB Morning Call
How much stimulus is too much?
Tuesday 12th January 2020Bond yields continue to rise In the US as markets prepare for an expected multi-trillion dollar stimulus package from the…
- NAB Morning Call
A Blue Wave into 2021
Monday 11th January 2021The Morning Call is back, and the new year has kicked off in a very different place. The blue-wave wasn’t written in stone, but with…
- NAB Morning Call
US pays out whilst UK digs in
Tuesday 22nd December 2020You might have expected a positive market response as the US politicians reach agreement on a fiscal stimulus bill, particularly as…
- NAB Morning Call
US deal imminent. UK marooned. Brexit all at sea
Monday 21st December 2020There’s a strong expectation that the US fiscal stimulus deal will be resolved in the next few hours. NAB’s Rodrigo Catril says the…
- NAB Morning Call
One minute to midnight on US and UK-EU deals
Friday 18th December 2020The post-Brexit trade deal and the US fiscal stimulus deal have been pushed back time and time again, but we really are at the point…
- NAB Morning Call
Imminent fiscal deal, a narrow path to Brexit and a Fed waiting
Thursday 17th December 2020The US dollar slid overnight as US retail sales figures for November were released. The numbers “were grim” says NAB’s Gavin Friend…
- NAB Morning Call
Hope springs eternal, on both sides of the Atlantic
Wednesday 16th December 2020Equities have climbed higher in the US and in Europe on the hopes that two deals will be struck this week. NAB’s Rodrigo Catril…
- NAB Morning Call
Vaccine optimism dimmed by new strain
Tuesday 15th December 2020The markets lost some of their mojo today. They kicked off well as the US starts its vaccination program, but the UK health secretary…
- NAB Morning Call
US in Warp Speed whilst UK Dithers
Monday 14th December 2020The inoculation program in the US has ambitious targets. NAB’s Tapas Strickland says the aim is to have given the jab to 75% of the…
- NAB Morning Call
UK-EU no deal looms, Aussie breaks 75 cents, ECB to buy more bonds
Friday 11th December 2020Even though a hard deadline has been set for Sunday for the UK-EU trade deal, there’s no guarantee it will all end there. NAB’s Gavin…
- NAB Morning Call
A Big Day For Europe
Thursday 10th December 2020As we recorded this morning’s podcast Ursula von der Leyen and Boris Johnson were meeting over dinner to discuss the progress of the…
- NAB Morning Call
UK trade talks to get an injection, but the prognosis is not good
Wednesday 9th December 2020The UK has started injecting people with the COVID vaccine. If only they could inject compromise in the UK and EU negotiators who…
- NAB Morning Call
UK & EU leaders to hold last ditch meeting, pound is choppy
Tuesday 8th December 2020The UK-EU trade deal really is going right down to the wire – and the wire itself keeps getting pushed back. On today’s Morning Call…
- NAB Morning Call
60 percent chance of a UK-EU trade deal
Monday 7th December 2020US equities reached new highs again on Friday even though the jobs numbers were lower than anticipated. NAB’s Ray Attrill says the…
- NAB Morning Call
One deal down, two to go
Friday 4th December 2020OPEC+ has struck a deal to slowly increase oil production from next month, rather than letting the production cuts fall off a cliff…
- NAB Morning Call
More US stimulus talk, less Brexit hope and Brits ready for the jab
Thursday 3rd December 2020The UK is the first country to approve the Pfizer BioNtech vaccine and will start jabbing people with it next week. That’s kept…
- NAB Morning Call
China’s PMI high, Australia's GDP bounce, the Brexit tunnel, OPEC delays and a US stimulus deal
Wednesday 2nd December 2020There’s a positive vibe about this morning, pushing equities higher and Treasury yields have seen a sharp rise too. NAB’s Tapas…
- NAB Morning Call
Gone Fishing
Monday 30th November 2020The pound has already recovered the losses it made on Friday, when Brexit rhetoric was ramped up on both sides of the English Channel…
- NAB Morning Call
Astra Zeneca re-run, Lane’s credit concerns
Friday 27th November 2020There are some questions over the numbers provided in phase three of the Astra Zeneca vaccine trial. NAB’s David de Garis says the…
- NAB Morning Call
Not much to be thankful for
Thursday 26th November 2020It’s Thanksgiving today in the US and markets have been cautious ahead of the holidays. Vaccine hopes have been pushed aside after…
- NAB Morning Call
Trump relents, oil climbs and Dow hits new high
Wednesday 25th November 2020President Trump made an appearance before cameras today to boast about the rise in equities, with the Dow breaking 3,0000 for the…
- NAB Morning Call
More positive vaccine news, but equities are cautious
Tuesday 24th November 2020Astra Zeneca announced the results of their trials, with efficacy up to 90 percent with a drug that is cheaper to produce and easier…
- NAB Morning Call
Revised Aussie Growth Forecast and a Fed-Treasury Spat
Monday 23rd November 2020NAB has revised its forecasts for growth in the Australia economy. NAB’s Tapas Strickland talks us through it, plus Josh Fryenberg’s…
- NAB Morning Call
Lockdown jitters
Friday 20th November 2020Schools out for winter in New York as COVID cases in the US continue to rise, with the country passing a quarter of a million deaths…
- NAB Morning Call
Lockdowns and infections overshadow further positive vaccine news
Thursday 19th November 2020Markets continue to be torn between the good news and the bad news. On the positive side, Pfizer is set to apply for emergency…
- NAB Morning Call
Markets take a breather, but standby for more vaccine news
Wednesday 18th November 2020There was no new vaccine news overnight and the markets seemed a little disappointed by that, with equities down and a move to…
- NAB Morning Call
And another one
Tuesday 17th November 2020Markets have been lifted higher on further vaccine news, with Moderna saying their trials have shown 94.5 percent effectiveness…
- NAB Morning Call
Vaccine vs infections– the only news that seems to matter
Monday 16th November 2020Last week was a volatile one, but markets enthusiasm stemming from the hope of a vaccine led the charge, with some shifting of focus…
- NAB Morning Call
Markets realise there’s tumult before a vaccine
Friday 13th November 2020This week’s earlier optimism over a possible vaccine for COVID-19 has disappeared completely, with equities falling and bond prices…
- NAB Morning Call
Vaccine rally continues, but central banks are more guarded
Thursday 12th November 2020Even though the markets continue to respond positively to the hope of a vaccine, central bankers seem to be taking a more cautious…
- NAB Morning Call
Tech hit by vaccine and antitrust moves. RBNZ today, less dovish perhaps?
Wednesday 11th November 2020Those vaccine hopes continue today, even though there were warnings from Fed officials that the economy still faced ongoing impacts…
- NAB Morning Call
Markets Injected with Vaccine Furore
Tuesday 10th November 2020The markets have scarcely had time to respond to the news that Joe Biden is the next President of the United States than we’re it…
- NAB Morning Call
A blue wave is still possible, but two months of ‘no’
Monday 9th November 2020There’s still a chance that in January the Democrats will take control of the Senate. Until then, President Trump is still in charge…
- NAB Morning Call
Biden likely to win. Fed on hold. Fiscal stimulus desperately needed.
Friday 6th November 2020Depending on which news source you choose, Biden has either 253 or 264 electoral college votes. We’re likely to find out today, but…
- NAB Morning Call
Divided They Stand
Thursday 5th November 2020US equities have climbed as the US goes through Wednesday without a clear winner in the election. It seems likely Biden will win…
- NAB Morning Call
Lowe goes heavy, US stocks run hot on Biden hope
Wednesday 4th November 2020The RBA announced cuts to interest rates and a step up in bond buying yesterday. NAB’s Tapas Strickland says, as other banks follow…
- NAB Morning Call
Markets turn green on hope of a blue victory
Tuesday 3rd November 2020Markets flipped from Friday’s share and bond sell-off, with more optimism a day or two out from what is expected to be a Biden…
- NAB Morning Call
Prepare for a bumpy start to November
Monday 2nd November 2020After the markets finished with a strong equities and bond sell-off on Friday, expect a busy week, with the RBA, the Fed and Bank of…
- NAB Morning Call
US GDP bounces back, and so do equities, for now
Friday 30th October 2020Markets turned around again, with equities rising sharply. How much of it is the anticipation of Q3 tech company earnings results after…
- NAB Morning Call
Markets hit hard on concerns over COVID and the election aftermath
Thursday 29th October 2020US equities have been hit hard today, the third day of losses, with the US dollar rising. NAB’s David de Garis said the markets hit…
- NAB Morning Call
Is the Biden Trump gap closing?
Wednesday 28th October 2020There’s a risk that next week’s US election is more contestable than we might have considered a week ago. NAB’s Tapas Strickland…
- NAB Morning Call
COVID worries get classic risk-off treatment
Tuesday 27th October 2020Markets are displaying classic risk-off moves today – with equities down, bond prices up and the US dollar the safe haven currency of…
- NAB Morning Call
Markets running scared at start of Halloween week
Monday 26th October 2020Last week finished with US stocks down, the US dollar down and the price of bonds down. Normally, if the sentiment is risk off and…
- NAB Morning Call
Trump’s Last Stand; PMI’s Galore Today
Friday 23rd October 2020In a few hours Joe Biden and Donald Trump go head to head in the last election debate. NAB's Gavin Friend says equities have picked up…