NAB Morning Call

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.

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.

Thursday 18th April 2019

China delivered some more positive results in the last 24 hours, leading to questions about whether the fears of a pronounced economic slowdown have been overplayed. So, is this good news for Australia? Phil Dobbie asks NAB’s David de Garis why we’re not seeing a positive reaction in the Aussie dollar which is stuck in a very tight trading range. Plus, what’s inside the Fed’s beige book, Germany’s big cut in growth forecasts, the reduced US trade deficit and the significance of today’s Aussie employment numbers and NAB Business Survey.

Thursday 18th April 2019

China delivered some more positive results in the last 24 hours, leading to questions about whether the fears of a pronounced economic slowdown have been overplayed. So, is this good news for Australia? Phil Dobbie asks NAB’s David de Garis why we’re not seeing a positive reaction in the Aussie dollar which is stuck in a very tight trading range. Plus, what’s inside the Fed’s beige book, Germany’s big cut in growth forecasts, the reduced US trade deficit and the significance of today’s Aussie employment numbers and NAB Business Survey.

Wednesday 17th April 2019

The OECD suggests China’s stimulus measures may only offer short term benefits but, as NAB’s Tapas Strickland discusses with Phil Dobbie, the markets are happy to ignore the long term impacts. We’ll likely see further evidence in China’s retail sales and industrial production numbers today. Tapas talks about how this has helped feed positive sentiment in the US, evidenced by the rising stock market and Treasury yields. They also look at the fall and rise of the Aussie dollar yesterday, the importance of today’s CPI numbers for New Zealand, and a tiny bit of Brexit news, just in case you’d forgotten about it.

Wednesday 17th April 2019

The OECD suggests China’s stimulus measures may only offer short term benefits but, as NAB’s Tapas Strickland discusses with Phil Dobbie, the markets are happy to ignore the long term impacts. We’ll likely see further evidence in China’s retail sales and industrial production numbers today. Tapas talks about how this has helped feed positive sentiment in the US, evidenced by the rising stock market and Treasury yields. They also look at the fall and rise of the Aussie dollar yesterday, the importance of today’s CPI numbers for New Zealand, and a tiny bit of Brexit news, just in case you’d forgotten about it.

Wednesday 17th April 2019

The OECD suggests China’s stimulus measures may only offer short term benefits but, as NAB’s Tapas Strickland discusses with Phil Dobbie, the markets are happy to ignore the long term impacts. We’ll likely see further evidence in China’s retail sales and industrial production numbers today. Tapas talks about how this has helped feed positive sentiment in the US, evidenced by the rising stock market and Treasury yields. They also look at the fall and rise of the Aussie dollar yesterday, the importance of today’s CPI numbers for New Zealand, and a tiny bit of Brexit news, just in case you’d forgotten about it.

Tuesday 16th April 2019

The week’s got off to a quiet start. As Phil Dobbie discusses with NAB’s Ray Attrill, stocks have taken a step back on weaker earnings figures from two major banks. The Canadian dollar has taken a hit from a businesss survey that shows demand and business sentiment is softening, but the Empire Manufacturing Index tells a more positive story south of the border. Meanwhile the Aussie dollar has held steady – will the minutes of the last RBA meeting contain anything that will send it moving either way today? Or is it just time to sit back and eat the chocolate?

Tuesday 16th April 2019

The week’s got off to a quiet start. As Phil Dobbie discusses with NAB’s Ray Attrill, stocks have taken a step back on weaker earnings figures from two major banks. The Canadian dollar has taken a hit from a businesss survey that shows demand and business sentiment is softening, but the Empire Manufacturing Index tells a more positive story south of the border. Meanwhile the Aussie dollar has held steady – will the minutes of the last RBA meeting contain anything that will send it moving either way today? Or is it just time to sit back and eat the chocolate?

Tuesday 16th April 2019

The week’s got off to a quiet start. As Phil Dobbie discusses with NAB’s Ray Attrill, stocks have taken a step back on weaker earnings figures from two major banks. The Canadian dollar has taken a hit from a businesss survey that shows demand and business sentiment is softening, but the Empire Manufacturing Index tells a more positive story south of the border. Meanwhile the Aussie dollar has held steady – will the minutes of the last RBA meeting contain anything that will send it moving either way today? Or is it just time to sit back and eat the chocolate?