NAB Morning Call

Tuesday 30th April 2019

It’s been a relatively quiet 24 hours, as markets wait for word from the Fed later in the week. NAB’s Tapas Strickland joins Phil Dobbie to discuss the latest data from the US, showing rising personal spending but inflation moving further away from then Fed’s target. Closer to home, house prices continue to fall in Australia, even as auction clearances pick up. Could the RBA be first to make a rate cut?

Monday 29th April 2019

Friday’s headline GDP number was surprisingly strong on Friday. As the President put it, 3.2% growth in Q1 was ‘smashing expectations’. But, on today’s podcast NAB’s Ray Attrill explains why the market response was short lived. And with inflation moving further away from the Fed’s target it should make for an interesting FOMC meeting this week. He also talks to Phil Dobbie about the direction of the Aussie and Kiwi dollars and what else to look out for this week.

Monday 29th April 2019

Friday’s headline GDP number was surprisingly strong on Friday. As the President put it, 3.2% growth in Q1 was ‘smashing expectations’. But, on today’s podcast NAB’s Ray Attrill explains why the market response was short lived. And with inflation moving further away from the Fed’s target it should make for an interesting FOMC meeting this week. He also talks to Phil Dobbie about the direction of the Aussie and Kiwi dollars and what else to look out for this week.

Friday 26th April 2019

It’s been a dovish couple of days for central banks. First, as NAB’s David de Garis explains to Phil Dobbie, Australia’s weak CPI numbers make a cut more likely in Australia. New Zealand is following a similar path, and the central banks in Canada, Japan and Sweden have all indicated rates will be on hold (at best) for a year or more. Yet the US economy continues to perform, but could they also be considering a rate cut?

Friday 26th April 2019

It’s been a dovish couple of days for central banks. First, as NAB’s David de Garis explains to Phil Dobbie, Australia’s weak CPI numbers make a cut more likely in Australia. New Zealand is following a similar path, and the central banks in Canada, Japan and Sweden have all indicated rates will be on hold (at best) for a year or more. Yet the US economy continues to perform, but could they also be considering a rate cut?

Friday 26th April 2019

It’s been a dovish couple of days for central banks. First, as NAB’s David de Garis explains to Phil Dobbie, Australia’s weak CPI numbers make a cut more likely in Australia. New Zealand is following a similar path, and the central banks in Canada, Japan and Sweden have all indicated rates will be on hold (at best) for a year or more. Yet the US economy continues to perform, but could they also be considering a rate cut?

Wednesday 24th April 2019

Earnings results have pushed US equities to record highs. Twitter shares surged 15% on their results. The US dollar is higher too but, as NAB’s Gavin Friend explains, that’s likely to be because of the fall in the Pound and Euro on the back of growing Brexit uncertainty. Yes, Brexit is back. Oil continues to rise on the back of yesterday’s new on an end to exemptions for companies buying Iranian oil, and the Aussie dollar is looking a little vulnerable ahead of today’s CPI numbers.

Wednesday 24th April 2019

Earnings results have pushed US equities to record highs. Twitter shares surged 15% on their results. The US dollar is higher too but, as NAB’s Gavin Friend explains, that’s likely to be because of the fall in the Pound and Euro on the back of growing Brexit uncertainty. Yes, Brexit is back. Oil continues to rise on the back of yesterday’s new on an end to exemptions for companies buying Iranian oil, and the Aussie dollar is looking a little vulnerable ahead of today’s CPI numbers.

Wednesday 24th April 2019

Earnings results have pushed US equities to record highs. Twitter shares surged 15% on their results. The US dollar is higher too but, as NAB’s Gavin Friend explains, that’s likely to be because of the fall in the Pound and Euro on the back of growing Brexit uncertainty. Yes, Brexit is back. Oil continues to rise on the back of yesterday’s new on an end to exemptions for companies buying Iranian oil, and the Aussie dollar is looking a little vulnerable ahead of today’s CPI numbers.

Tuesday 23rd April 2019

It’s a busy start to a shortened week, with the Trump administration announcing an end to waivers for nations buying Iranian oil. Sanctions will be imposed from early May on any country trading with them. Phil Dobie asks NAB’s Ray Attrill what this could mean for US China relations, and the broader reaction on the markets. They also discuss European and US data from the end of last week and the key points for the week ahead.