NAB Morning Call

Tuesday 19th February 2019

Markets are speculating whether President Trump will impose tariffs on car imports from Europe. That could be bad news for the struggling German economy but, as NAB’s Tapas Strickland explains, the threat could just be another negotiating ploy from the President. There was car trouble I the UK too, with Honda said to be announcing a plant closure, but the markets were moved more by seven MPs quitting the Labour party, reducing the chances of a Corbyn led far-left government any time soon. Closer to home, we see the RBA minutes today – will it fix up the disconnect between their post-meeting Statement and Philip Lowe’s speech.

Tuesday 19th February 2019

Markets are speculating whether President Trump will impose tariffs on car imports from Europe. That could be bad news for the struggling German economy but, as NAB’s Tapas Strickland explains, the threat could just be another negotiating ploy from the President. There was car trouble I the UK too, with Honda said to be announcing a plant closure, but the markets were moved more by seven MPs quitting the Labour party, reducing the chances of a Corbyn led far-left government any time soon. Closer to home, we see the RBA minutes today – will it fix up the disconnect between their post-meeting Statement and Philip Lowe’s speech.

Monday 18th February 2019

US officials have been meeting the President at his Florida resort over the weekend to go over the trade talks with China, and it seems headway is being made. Phil Dobbie asks NAB’s David de Garis if that’s what’s drove the risk-on mood at the end of last week and can we see it expect to continue this week. Then there’s the avoidance of a government shutdown, but the fly in the ointment is Trump’s declaration of an emergency to fund his wall. Could that have consequences for the markets? They also look ahead to a busy week for Australian economic news in a week that starts slow, with the President's Day holiday in much of the US.

Monday 18th February 2019

US officials have been meeting the President at his Florida resort over the weekend to go over the trade talks with China, and it seems headway is being made. Phil Dobbie asks NAB’s David de Garis if that’s what’s drove the risk-on mood at the end of last week and can we see it expect to continue this week. Then there’s the avoidance of a government shutdown, but the fly in the ointment is Trump’s declaration of an emergency to fund his wall. Could that have consequences for the markets? They also look ahead to a busy week for Australian economic news in a week that starts slow, with the President's Day holiday in much of the US.

Monday 18th February 2019

US officials have been meeting the President at his Florida resort over the weekend to go over the trade talks with China, and it seems headway is being made. Phil Dobbie asks NAB’s David de Garis if that’s what’s drove the risk-on mood at the end of last week and can we see it expect to continue this week. Then there’s the avoidance of a government shutdown, but the fly in the ointment is Trump’s declaration of an emergency to fund his wall. Could that have consequences for the markets? They also look ahead to a busy week for Australian economic news in a week that starts slow, with the President's Day holiday in much of the US.

Friday 15th February 2019

It’s been a busy 24 hours. As Phil Dobbie discusses with NAB’s David de Garis, markets have been choppy on the back of surprisingly poor retail numbers from the US, leaving some to question whether they’re believable or not. The bigger question is whether both houses of Congress will agree the compromise spending bill in the next few hours and, more importantly, whether the President will put his very large signature on it. In Europe, Germany has come as close to a recession as you can get without actually being in one, and Theresa May has been defeated in parliament, which means her attempt to negotiate a new deal with the EU doesn’t have the support of most MPs. There’s deadlock there and, reportedly, deadlock in the US China trade talks too.

Friday 15th February 2019

It’s been a busy 24 hours. As Phil Dobbie discusses with NAB’s David de Garis, markets have been choppy on the back of surprisingly poor retail numbers from the US, leaving some to question whether they’re believable or not. The bigger question is whether both houses of Congress will agree the compromise spending bill in the next few hours and, more importantly, whether the President will put his very large signature on it. In Europe, Germany has come as close to a recession as you can get without actually being in one, and Theresa May has been defeated in parliament, which means her attempt to negotiate a new deal with the EU doesn’t have the support of most MPs. There’s deadlock there and, reportedly, deadlock in the US China trade talks too.

Friday 15th February 2019

It’s been a busy 24 hours. As Phil Dobbie discusses with NAB’s David de Garis, markets have been choppy on the back of surprisingly poor retail numbers from the US, leaving some to question whether they’re believable or not. The bigger question is whether both houses of Congress will agree the compromise spending bill in the next few hours and, more importantly, whether the President will put his very large signature on it. In Europe, Germany has come as close to a recession as you can get without actually being in one, and Theresa May has been defeated in parliament, which means her attempt to negotiate a new deal with the EU doesn’t have the support of most MPs. There’s deadlock there and, reportedly, deadlock in the US China trade talks too.

Thursday 14th February 2019

The NZ dollar jumped 1.7 percent yesterday after the RBNZ indicated they weren’t expected to change rates till 2021. NAB’s Gavin Friend explains the reaction. He also talks to Phil Dobbie about the countdown to the US government shutdown – the expectation is it will be averted and the March 1 deadline for China trade tariffs will be pushed back, hence the continued optimism in the markets. There’s also some discussion about whether US equities are riding too high, the influence of share buybacks, and the latest CPI readings from the US and UK. Plus, what to look out for today.

Thursday 14th February 2019

The NZ dollar jumped 1.7 percent yesterday after the RBNZ indicated they weren’t expected to change rates till 2021. NAB’s Gavin Friend explains the reaction. He also talks to Phil Dobbie about the countdown to the US government shutdown – the expectation is it will be averted and the March 1 deadline for China trade tariffs will be pushed back, hence the continued optimism in the markets. There’s also some discussion about whether US equities are riding too high, the influence of share buybacks, and the latest CPI readings from the US and UK. Plus, what to look out for today.