NAB Morning Call

Phil Dobbie
  • 5.0 (2)
  • 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. 6 HRS AGO

    Inflation in no hurry to come down, and neither is the US dollar

    Thursday 14th November 2024 NAB Markets Research Disclaimer  Financial Services Guide | Information on our services - NAB The US dollar continues to push higher, with the AUD one of the main casualties. The PBoC is also clearly concerned about the weakness on the CNY. It’s not just the dollar that is staying high - US inflation is taking a while to come down. The CPI number overnight was as expected, though markets seem to be reacting as though they are relieved it wasn’t higher. As a result, pricing for a December rate cut increased slightly. Locally, the Australian Wage price Index slowed a little more than expected, but not enough of a move to change the timing for the RBA. NAB’s Taylor Nugent joins Phil to discuss all this, plus all the rest of today’s market news. Hosted on Acast. See acast.com/privacy for more information.

    17 min

  2. 1 DAY AGO

    A brighter future for optimists

    Wednesday 13th November 2024 NAB Markets Research Disclaimer  Financial Services Guide | Information on our services - NAB US markets continue to embrace the optimism of a pro-growth Trump presidency, even as equities back off their highs a little in this session. The US dollar, meanwhile, continues to strengthen and the latest Bank of America Global Fund Managers Survey shows investors exposure to equities has hit the highest level since 2013. NAB’s Gavin Friend joins Phil today to talk through the latest US market action, as well as yesterday’s NAB Business Survey and Westpac Consumer Confidence Survey, both of which showed an uptick in sentiment. Today’s big number is US CPI, but can it really give us an idea of the direction of travel when so much depends on Trump’s policies early next year? Hosted on Acast. See acast.com/privacy for more information.

    17 min

  3. 2 DAYS AGO

    Pricing for Trump. But is it rational?

    Tuesday 12th November 2024 NAB Markets Research Disclaimer  Financial Services Guide | Information on our services - NAB The US dollar continues to rise, mid-cap equities are doing well, Bitcoin is pushing higher, so are Tesla shares. With little in the way of new data releases, and the US bond market closed for Veterans Day, most market moves relate to expectations on what Trump might do in his second Presidency. Phil asks if the moves are rational. It’s too early to be rational, says NAB’s Rodrigo Catril, but NAB has issued new FX forecasts based on the assumption that the new administration will quickly push ahead with its tariff promises. That means the Aussie dollar won’t reach 70 us cents next year, not helped by the deepening weakness in the Chinese economy. Hosted on Acast. See acast.com/privacy for more information.

    18 min

  4. 3 DAYS AGO

    The Morning After the Week Before

    Monday11th November 2024 NAB Markets Research Disclaimer  Financial Services Guide | Information on our services - NAB Markets might be waiting for signs of the speed and magnitude of Trump’s expected import tariffs, but NAB’s Tapas Strickland says businesses are already indicating their response - building up inventories in the US whilst they determine as they consider whether to move more production to the US. China’s stimulus underwhelmed on Friday, focusing on reducing local government debt rather than provided direct stimulus to businesses and consumers. It’s a busy week for Australian data, with labour market numbers out on Thursday and the wage price index for Q3 on Wednesday, plus the NAB Business Survey tomorrow. Hosted on Acast. See acast.com/privacy for more information.

    15 min
  5. Weekend Edition: Are we moving fast enough to tackle Australia’s housing crisis?

    5 DAYS AGO

    Weekend Edition: Are we moving fast enough to tackle Australia’s housing crisis?

    Friday 8th November 2024 Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here. Australia faces a rising tide of homelessness as rents push higher, out of the reach of many lower income earners. According to Rebecca Pinkstone, chief executive of Homes NSW, in her state alone there are 57,000 people on the register, looking for a home. Rents in Sydney and surrounds are often considerably more than a state pension. Supply is a big part of the problem, with developers reluctant to commit to the growth required because they face rising material costs and skills shortages. Subsidising existing rental simply maintains the elevated prices for properties. And, as Phil points out, it’s not just low income earners hit by the housing crisis. Household sizes in Australia are well above those of comparable economies, as children wait longer to move out. Phil asks, is it just about supply? Or is it time to address the government policies that have elevated prices for decades? Hosted on Acast. See acast.com/privacy for more information.

    28 min

  6. 6 DAYS AGO

    Too slow for Trump?

    Friday 8th November 2024 NAB Markets Research Disclaimer  Financial Services Guide | Information on our services - NAB The Fed cut rates as expected today by 25bp, after the big 50bp cut last time. But there’s one more meeting scheduled before Christmas and JBWere’s Sally Auld says markets are evenly split as to whether that’ll mean another cut this year. The message from the Fed today was that the risks are balanced when it comes to achieving their employment and inflation goals, but what about the elephant in the room? Will Trump’s agenda drive inflation higher and delay the speed of cuts. That seems to be happening in the UK, where the Bank of England cut rates as expected, but the impact of the budget could delay further cuts. One more this year seems unlikely. Today’s big news is likely to be the announcement on fiscal stimulus from China’s National People‘s Congress, most likely before the Sydney close says Sally. Hosted on Acast. See acast.com/privacy for more information.

    18 min

  7. 6 NOV

    Them and the rest of us

    Thursday 7th November 2024 NAB Markets Research Disclaimer  Financial Services Guide | Information on our services - NAB There is a Trump trade after all, and we just saw it. The US dollar rising, bond yields in the US pushing higher, US equities higher at the expense of equity markets elsewhere. NAB’s Gavin Friend joins Phil to talk through the market response to the US Presidential election news. They discuss how it’s hit Europe and how it could prompt a domestic focus on China’s stimulus, which is expected to be announced on Friday. Meanwhile, will the news have any impact on the Fed and Bank of England, both meeting in the next 24 hours. Not this time round says Gavin, but there’s no doubt Trump’s promise of further tax cuts could have an impact on the terminal rate in the US.   Hosted on Acast. See acast.com/privacy for more information.

    16 min

  8. 5 NOV

    Long time coming

    Wednesday 6th November 2024 NAB Markets Research Disclaimer  Financial Services Guide | Information on our services - NAB Polls start closing in the next few hours. NAB’s Taylor Nugent says Virginia, which closes late morning Australia time, was called by Associated Press within 36 minutes last time. So, we could start to get a picture of how each candidate is faring by lunchtime today, even if the final outcome could take time – possibly weeks. Something else that could take longer than originally envisaged, a cut by the RBA.  Australia’s approach with shallower hikes means there’s less rush to cut rates and February is looking a little less likely. Taylor talks through the points from yesterday’s RBA meeting. Plus, why today is an important one for New Zealand. Hosted on Acast. See acast.com/privacy for more information.

    15 min
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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
    1.1K
  • Rating
    Clean
  • Copyright
    © All rights reserved
  • Show Website
    NAB Morning Call

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