NAB Morning Call

Phil Dobbie
  • 4.5 (181)
  • BUSINESS NEWS
  • UPDATED DAILY
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.

  1. 1 DAY AGO

    UK wages push Gilts-Bund spread to historic levels

    Wednesday 17th December 2024 NAB Markets Research Disclaimer  Financial Services Guide | Information on our services - NAB Markets were surprised overnight by the increased in UK wages. Alongside the weakness in European data lately, the yield spread between the UK and Germany is now at its highest level since the reunification of Germany in 1990. Other data was less surprising. US retail sales rose, but as much as many had anticipated. Canada’s inflation fell. Aussie consumer confidence was down a little, but not by much and after two months of solid growth. NAB’s Skye Masters talks through the day’s news and looks ahead to the Fed meeting. What could surprise the markets this time tomorrow? Hosted on Acast. See acast.com/privacy for more information.

    15 min

  2. 2 DAYS AGO

    Better European service numbers, but US more so

    Monday 16th December 2024 NAB Markets Research Disclaimer  Financial Services Guide | Information on our services - NAB US growth continues to lead the way. The latest PMIs showed services growth for Europe and the UK, but not as much as the US. In all cases, though, there’s a fall in the manufacturing PMI. The US strength helped push equities higher - with new highs for the NASDAQ and S&P - and strengthened the US dollar and pushed Treasury yields higher. The data doesn’t stop flowing, even though it’s only a week till Christmas. UK employment data today might do little to influence the Bank of England this week, but if wages growth remains high it’ll support their reticence to cut too quickly. Australian consumer confidence is out today as well. NAB’s Taylor Nugent talks through the numbers. Hosted on Acast. See acast.com/privacy for more information.

    18 min

  3. 3 DAYS AGO

    Five central banks in the last gasp before Christmas

    Monday 16th December 2024 NAB Markets Research Disclaimer  Financial Services Guide | Information on our services - NAB The Fed and four other central banks meet this week. NAB’s Ray Attrill says the Fed and the Riksbank will cut rates, whilst the Bank of England, the Bank of Japan and the Norges Bank will all keep rates on hold. Today PMIs are released, which are likely to show a widening gap between US exceptionalism and European gloom. France has a new Prime Minister and Moody’s joining the agencies downgrading their credit rating, assuming the government will be able to do very little to reduce debt in the short term. Hosted on Acast. See acast.com/privacy for more information.

    17 min
  4. Weekend Edition: Rate cuts will boost the Australian psyche, says NAB Chief

    5 DAYS AGO

    Weekend Edition: Rate cuts will boost the Australian psyche, says NAB Chief

    Friday 6th December 2024 Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here. Next year the Australian economy will see slow and measured improvement, according to NAB's CEO Andrew Irvine. It’ll be boosted, though, by the first rate cut, which Andrew says will have a significant impact on the psyche of businesses and consumers. In his first appearance on The Morning Call the NAB boss talks about housing affordability, productivity and how NAB will stand up against its competitors in the banking sector. He gives his views on where Australia will stand in five years’ time, the opportunities we need to engage with, and what’s holding the country back. In many cases he shares his observations of Australia in relation to Canada, a country he knows well. When it comes to productivity and housing, he thinks we can learn a few things. But he admits, the coffee is a lot better here. Join Phil talking to Andrew Irvine in his first at-length interview since taking the role. Hosted on Acast. See acast.com/privacy for more information.

    27 min

  5. 6 DAYS AGO

    ECB cuts, SNB more so. And Australia’s unexpected unemployment fall.

    Friday 13th December 2024 NAB Markets Research Disclaimer  Financial Services Guide | Information on our services - NAB Today, NAB’s Taylor Nugent talks through the market response to the unexpected fall in Australian unemployment numbers yesterday, with the drop most significant in Victoria. The Swiss National Bank provided another surprise, with a 50bp rate cut, with a 25bp cut from the ECB, accompanied by lacklustre growth forecasts for the next few years. Today, the RBA’s Sarah Hunter is speaking at a lunch in Adelaide, with a Q&A session where the media will undoubtedly ask about the fall in unemployment and how that impacts their rate cut trajectory. Hosted on Acast. See acast.com/privacy for more information.

    18 min

  6. 11 DEC

    All systems go for a Fed cut next week

    Thursday 12th December 2024 NAB Markets Research Disclaimer  Financial Services Guide | Information on our services - NAB US equities pushed higher today as US CPI provided no surprises, or any reason for the fed to deviate from their expected rate cut next week. The Bank of Canada managed a 50bp rate cut yesterday, but it’s likely that cuts will be less frequent and smaller now, as they try to find the neutral rate. The Swiss National Bank, managing an economy that suffered very little from the blight of inflation, could well engineer a 50bp cut today as well. Meanwhile, NAB’s Gavin Friend suggests the ECB, who are expected to cut again today, could move into stimulatory territory next year. Locally, all eyes will be on Australia’s employment data. Hosted on Acast. See acast.com/privacy for more information.

    15 min

  7. 10 DEC

    RBA. The first dove of Christmas.

    Wednesday 11th December 2024 NAB Markets Research Disclaimer  Financial Services Guide | Information on our services - NAB Markets have responded to what some have seen as a dovish pivot by the RBA, in the wording of their statement yesterday and the post-meeting press conference. But JBWere’s Sally Auld says there are still inflation concerns, hence NAB is sticking with its expectation that a cut probably won’t happen till May. Still, the Aussie and NZ dollars both took a hit yesterday and are still well down this morning. The US dollar, meanwhile, has been boosted by a sharp rise in small business sentiment in the latest NFIB survey. It’s clearly a Trump bounce. Will his delivery match expectations? And the second dove of Christmas? Well, presumably the Bank of Canada. You can’t get more dovish than a 50bp rate cut, which is what’s expected tonight. Hosted on Acast. See acast.com/privacy for more information.

    15 min

  8. 9 DEC

    Another China Rescue Plan

    Tuesday 10th December 2024 NAB Markets Research Disclaimer  Financial Services Guide | Information on our services - NAB Beijing has announced more in the way of fiscal and monetary stimulus to get the Chinese economy back on its feet. NAB’s Ken Crompton says it’s still light on the detail, but it caught markets a little off-guard, with nothing expected till later in the week. The response was most pronounced in Chinese equities, but oil is also higher and so is the Australia and NZ dollars.  Today the RBA is likely to announce that rates won’t budge, but the detail will come from the press conference that follows. The NAB Business Survey is also out today. Hosted on Acast. See acast.com/privacy for more information.

    14 min
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4.5
out of 5
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About

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.

Information

  • Creator
    Phil Dobbie
  • Years Active
    2016 - 2024
  • Episodes
    1.2K
  • Rating
    Clean
  • Copyright
    © All rights reserved
  • Show Website
    NAB Morning Call

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