NAB Morning Call

Thursday 28th February 2019

The US trade representative Robert Lighthizer raised some concerns for the markets as he suggested that any trade deal would require significant structural change on China’s part. As NAB’s Rodrigo Catril discusses with Phil Dobbie it was one of three pieces of news that drove sentiment overnight. The other two were the rising expectation that Brexit will be delayed and the third, the sudden cuts in US oil inventories has pushed prices higher. They also discuss the fallout from yesterday’s Australian construction numbers, and what Jerome Powell had to say during his second day in front of Congress. As usual, they also look ahead to the data to look out for today.

Thursday 28th February 2019

The US trade representative Robert Lighthizer raised some concerns for the markets as he suggested that any trade deal would require significant structural change on China’s part. As NAB’s Rodrigo Catril discusses with Phil Dobbie it was one of three pieces of news that drove sentiment overnight. The other two were the rising expectation that Brexit will be delayed and the third, the sudden cuts in US oil inventories has pushed prices higher. They also discuss the fallout from yesterday’s Australian construction numbers, and what Jerome Powell had to say during his second day in front of Congress. As usual, they also look ahead to the data to look out for today.

Thursday 28th February 2019

The US trade representative Robert Lighthizer raised some concerns for the markets as he suggested that any trade deal would require significant structural change on China’s part. As NAB’s Rodrigo Catril discusses with Phil Dobbie it was one of three pieces of news that drove sentiment overnight. The other two were the rising expectation that Brexit will be delayed and the third, the sudden cuts in US oil inventories has pushed prices higher. They also discuss the fallout from yesterday’s Australian construction numbers, and what Jerome Powell had to say during his second day in front of Congress. As usual, they also look ahead to the data to look out for today.

Wednesday 27th February 2019

The pound was boosted by the promise that, if Theresa May’s revised deal doesn’t pass through parliament, then there could be a vote on delaying Brexit. But, as Phil Dobbie discusses with NAB’s Gavin Friend, there’s a dangerous step in between. They also discuss the vibe coming from Jerome Powell’s testimony before Congress, and the mixed data from the US overnight. Plus, what’s the story with oil; big falls yesterday, bouncing back today. And quite a few facts and figures to look out for in the next 24 hours.

Wednesday 27th February 2019

The pound was boosted by the promise that, if Theresa May’s revised deal doesn’t pass through parliament, then there could be a vote on delaying Brexit. But, as Phil Dobbie discusses with NAB’s Gavin Friend, there’s a dangerous step in between. They also discuss the vibe coming from Jerome Powell’s testimony before Congress, and the mixed data from the US overnight. Plus, what’s the story with oil; big falls yesterday, bouncing back today. And quite a few facts and figures to look out for in the next 24 hours.

Wednesday 27th February 2019

The pound was boosted by the promise that, if Theresa May’s revised deal doesn’t pass through parliament, then there could be a vote on delaying Brexit. But, as Phil Dobbie discusses with NAB’s Gavin Friend, there’s a dangerous step in between. They also discuss the vibe coming from Jerome Powell’s testimony before Congress, and the mixed data from the US overnight. Plus, what’s the story with oil; big falls yesterday, bouncing back today. And quite a few facts and figures to look out for in the next 24 hours.

Tuesday 26th February 2019

There’s been significant progress on the two stories that have hindered markets this year. As Phil Dobbie discusses with NAB’s Rodrigo Catril it looks like the US’s 1st March deadline for increased tariffs on Chinese imports will be pushed back. Presidents Trump and Xi could well be meeting soon for a ‘signing ceremony’ at Mar-a-Lago. The other significant development is with Brexit, with the Labour party now appearing to back a Peoples Vote. If it gets enough backing in parliament the UK could get to choose again whether they want to stay in the EU or not. Plus, how one tweet from Trump sends oil prices cascading.

Tuesday 26th February 2019

There’s been significant progress on the two stories that have hindered markets this year. As Phil Dobbie discusses with NAB’s Rodrigo Catril it looks like the US’s 1st March deadline for increased tariffs on Chinese imports will be pushed back. Presidents Trump and Xi could well be meeting soon for a ‘signing ceremony’ at Mar-a-Lago. The other significant development is with Brexit, with the Labour party now appearing to back a Peoples Vote. If it gets enough backing in parliament the UK could get to choose again whether they want to stay in the EU or not. Plus, how one tweet from Trump sends oil prices cascading.

Monday 25th February 2019

The markets were buoyed at the end of last week by hopes that some sort of trade deal with China was closer. As Phil Dobbie discusses with NAB’s Ray Attrill tweets and news reports over the weekend will have added to this expectation. Meanwhile the Fed is grappling with how to manage prolonged periods of low interest and low inflation – is ‘average inflation targeting’ the answer? And Theresa May has kicked the can down the road again, with her parliamentary Brexit vote now happening on March 12, but could Brexit be delayed as much as two years?

Monday 25th February 2019

The markets were buoyed at the end of last week by hopes that some sort of trade deal with China was closer. As Phil Dobbie discusses with NAB’s Ray Attrill tweets and news reports over the weekend will have added to this expectation. Meanwhile the Fed is grappling with how to manage prolonged periods of low interest and low inflation – is ‘average inflation targeting’ the answer? And Theresa May has kicked the can down the road again, with her parliamentary Brexit vote now happening on March 12, but could Brexit be delayed as much as two years?