250 episodes

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.

NAB Morning Call Phil Dobbie

    • Business

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.

    Spreading virus extends risks, Aussie hit hard

    Spreading virus extends risks, Aussie hit hard

    Tuesday 28th January 2020

    The Australian dollar has fallen more than one percent today as concern continues over the spread of the Corona virus. As Phil Dobbie discusses with NAB’s David de Garis, the Aussie economy will be one casualty if the virus spreads and China’s economic growth is hit hard, just as it was with the SARs outbreak in 2003. They also discuss today’s NAB Business Survey, more evidence of a ‘Boris Bounce’ in the UK and disappointing ne whom sales from the US, and a weaker than anticipated IFO from Germany.

    • 12 min
    Virus concerns spread, RBA rate cut might be delayed

    Virus concerns spread, RBA rate cut might be delayed

    Friday 24th January 2020

    Concerns over the spread of the Corona virus have heightened, with two further Chinese cities now in lockdown. NAB’s Gavin Friend talks to Phil Dobbie about the market reaction, with classic risk-off sentiment evident right now. The Aussie dollar has been saved from a bigger fall by the positive jobs numbers yesterday, which will perhaps push back the timing of a rate cut from the RBA. Could it be a similar story in the UK? Expectations of an imminent cut have diminished; will today’s PMIs support the more optimistic view of the UK economy? There are PMIs for Australia and Europe today, so it’s a big day for numbers. Meanwhile the ECB seems to be on a holding pattern, pending their strategic review.

    • 11 min
    A Boris Bounce, Corona concerns and Trump Targets Europe

    A Boris Bounce, Corona concerns and Trump Targets Europe

    Thursday 23rd January 2020

    There continues to be concerns about the spread of the Corona virus. As Phil Dobbie discusses with NAB’s David de Garis, US equity markets have regained composure but will news of a lockdown of the Wuhan district fan further volatility? The UK seems to be enjoying a bounce after the recent election, with positive business sentiment pushing the pound higher, whilst a very dovish statement from the Bank of Canada has sent the Canadian dollar lower. Locally, the focus will be Australian employment numbers today, although the read is likely to be influenced somewhat by the bushfires. And President Trump has indicated a deal with the EU is his next target, by November, threatening auto tariffs if things don’t moved forward satisfactorily.

    • 14 min
    Trump talks it up, but equities stall

    Trump talks it up, but equities stall

    Wednesday 22nd January 2020

    Whilst President Trump was self-aggrandising at Davos, US equities stalled and the US dollar lost a little ground to the Yen. NAB’s Rodrigo Catril suggests that all markets are taking a breather at the start of the impeachment proceedings, along with concerns around the corona virus. The UK provided one bright spot, with employment numbers far better than expected and the ZEW survey showing optimism in Germany at a four a half year high. Consumer confidence numbers in Australia will be of particular interest today, along with earnings results from the US.

    • 12 min
    All Quiet until Trump Talks

    All Quiet until Trump Talks

    Tuesday 21st January 2020

    The US was on holiday Monday so it’s been a quiet session all round. As Phil Dobbie discusses with NAB’s Tapas Strickland the most volatility was in oil prices, with supply concerns from Libra and Iraq. The IMF released revised economic forecasts, cutting their expectation for growth in 2020, but it’s still an improvement on 2019, thank goodness. Given that little is expected to change with the Bank of Japan, the main focus tonight will be what President Trump has to say at the opening of the World Economic Forum in Davos. We know he always likes to surprise when he’s on foreign soil.

    • 11 min
    Equities race higher on trade optimism

    Equities race higher on trade optimism

    Monday 20th January 2020

    The rally in US equities continued at the end of the week, with the optimism spreading to Europe. The ASX200 also hit a new record on Friday. Phil Dobbie talks to NAB’s Ray Attrill about the economic data that is supporting the optimistic tone. The UK, though, is not joining the party. Whilst shares rose, that was largely because the pound fell, after retail sales fell well below expectations. Perhaps it was too early for a Boris bounce? Today, the markets will be quiet with a US holiday, so we look ahead to the key data points this week.

    • 14 min

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