NAB Morning Call

Phil Dobbie
  • 4.8 (8)
  • 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. Weekend Edition: Germany: Not a great time to change government

    1 DAY AGO

    Weekend Edition: Germany: Not a great time to change government

    Friday 21st February 2025 Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here. Germans will head to the polls on Friday. It seems highly likely that the centre-right CDU/CSU will gather the most votes, but over the last few months the right win populist AfD have been closing the gap. Dr Simon Toubeau, Associate Professor of Politics and International Relations at Nottingham University says it’ll be the CDU picking coalition partners in the centre and on the left, with the AfD left out in the cold. But how long will it take to arrive at a new workable government at a time when Europe is in discussions about increasing defence spending to protect Ukraine? How can Germany spend more on defence without undoing it’s self-inflicted debt-break? And where will the government stand on the idea of Eurobonds?   Hosted on Acast. See acast.com/privacy for more information.

    25 min

  2. 2 DAYS AGO

    Walmart worried, Trump mentions China deal

    Friday 20th February 2025 NAB Markets Research Disclaimer  Financial Services Guide | Information on our services - NAB It’s not all good news from the US. Although Walmart reported strong profit growth yesterday the outlook is less certain, and there are indicators that their customer base is a section of US society that is suffering. The dollar is weaker today and shares, generally are lower. Nonetheless, NAB’s Rodrigo Catril says support for President Trump remains strong and markets did respond to a comment that a new deal with China was “possible”. Locally, there were no surprises in the latest Australian employment data yesterday. Unemployment did tick higher, but job numbers also increased, some of which can be explained by seasonality factors.  He senses Michelle Bullock’s appearance at the House of Representatives Standing Committee on Economics could be a little politically charged, as the next election nears. And politics dominates the agenda in Europe, with Germany’s federal election on Sunday. How this could influence Europe’s plans for a more unified approach to defence and energy is a key question, looked at in the Weekend Edition out later. Hosted on Acast. See acast.com/privacy for more information.

    17 min

  3. 3 DAYS AGO

    Is ECB rate still restrictive? Aussie employment today’s focus.

    Thursday 20th February 2025 NAB Markets Research Disclaimer  Financial Services Guide | Information on our services - NAB Markets reacted strongly to comments from the ECB’s Isabel Schnabel who questioned whether they have already gone as far as they need to. She wonders whether the policy rate is restrictive anymore. NAB’s Skye Masters talks about the market reaction to that, and other central bank news over the last 24 hours. The FOMC minutes suggest slower moves by the Fed, rhe RBNZ seem set to reduce the size of cuts from hereon in, and UK inflation ticked higher than expected, which won’t see the BoE moving any faster. Today the RBA (and markets) will be focused on Australia’s unemployment rate. Skye said expectations are within a very tight range,from4 to 4.1%, so anything outside that could prompt a reaction. Hosted on Acast. See acast.com/privacy for more information.

    15 min

  4. 4 DAYS AGO

    RBA easing slowly. More cuts “no lay-down misère”

    Wednesday 19th February 2025 NAB Markets Research Disclaimer  Financial Services Guide | Information on our services - NAB The RBA cut rates yesterday, but is the first one in this cycle also the last one for a little while? Governor Michele Bullock said successive cuts wasn’t the lay-down misère that markets had been expecting. NAB’s Taylor Nugent talks through the decision, the forecasts and the commentary. There’s also discussion about UK employment, Canadian inflation and today’s RBNZ decision. Plus, the latest on Europe, where the idea of a more cohesive approach to defence seems to be gaining traction, whilst exploratory talks between the US and Russia provided nothing to get excited about. Nobody in the room looked happy. Hosted on Acast. See acast.com/privacy for more information.

    17 min

  5. 5 DAYS AGO

    US & Europe: Divided they stand

    Tuesday 18th February 2025 NAB Markets Research Disclaimer  Financial Services Guide | Information on our services - NAB The whole European defence issue is becoming very complicated. Phil makes sense of it all with NAB’s Tapas Strickland on the day that US and Russian delegations meet in Saudi Arabia to discuss a cease fire deal, without Ukraine present. Worried about their ongoing reliance on the US, EU leaders (and the UK) met to discuss future defence spending, perhaps supported by Eurobonds, hitting existing bond prices and pushing European defence stocks higher. In other news, President Xi met with tech leaders, OPEC+ could be delaying production increases, Japan’s GDP growth is higher than Bank of Japan forecasts and the RBA is likely to cut rates today but NAB says it’s not as certain as markets suggest. Hosted on Acast. See acast.com/privacy for more information.

    17 min

  6. 6 DAYS AGO

    Have markets stopped believing?

    Monday 17th February 2025 NAB Markets Research Disclaimer  Financial Services Guide | Information on our services - NAB You’d have thought, perhaps, that the threat of tariffs on any country charging GST on US imports (most OECD countries) would have had a string market reaction at the end of the week, but it didn’t. Phil asks NAB’s Ray Attrill whether markets have stopped believing him and assumes all such proclamations and merely a prelude to some sort of negotiated deal. The US dollar, meanwhile, continues to weaken and is now actually lower than when the President  returned to the Oval Office. The RBA is expected to cut interest rates tomorrow, but Ray says it’s not as a clear a cut as markets are suggesting. Hosted on Acast. See acast.com/privacy for more information.

    17 min
  7. Weekend Edition: The Irvine Fix: Simplicity, Productivity and Confidence

    FEB 14

    Weekend Edition: The Irvine Fix: Simplicity, Productivity and Confidence

    Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here. This week Phil talks with NAB's CEO, Andrew Irvine, discussing the uncertainty of international trade and the slow road to lower inflation. What impact does he think a global trade war (if it gets to that) could have on Australia? And what can we expect after the assumed RBA rate cut next week?  The NAB chief has spent some time in Europe and talks through how our economic fundamentals stack up against the UK and Europe. Whilst Australia has many natural advantages, he points to the lack of productivity growth as the biggest issue we face. Confidence is also key he says, because that drives investment decisions. There’s also discussion about scam regulation. Phil points to the UK where banks are obliged (to an extent) to refund scam victims. Do we need the same approach or are there more significant ways of reducing the problem, particularly as AI threatens to make the issue worse. Listen in for Andrew Irvine’s take on the economy and the prospects for the year ahead. Hosted on Acast. See acast.com/privacy for more information.

    18 min

  8. FEB 13

    Trump’s Big Day includes VAT

    Friday 14th February 2025 NAB Markets Research Disclaimer  Financial Services Guide | Information on our services - NAB President Trump has announced that his reciprocal tariffs could start as soon as April. The surprise has been that he is not just looking at the topline balance of trade. He considers a VAT imposed on American goods as an impost that needs to be countered. That could be bad news for the EU, the UK, Australia and other countries who have favoured indirect taxation higher income tax. NAB’s Ray Attrill says it’ll be bad news from Europe, where shares rallied today on the hope that peace-deal for Ukraine will see energy costs come down. Meanwhile, US retail sales are out later, will this add to the watering down of American exceptionalism that we’ve seen this year? Hosted on Acast. See acast.com/privacy for more information.

    19 min
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4.8
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 - 2025
  • Episodes
    1.2K
  • Rating
    Clean
  • Copyright
    © All rights reserved
  • Show Website
    NAB Morning Call

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