NAB Morning Call

Thursday 11th October 2018

Overnight saw a big sell-off of US and European stocks. Phil Dobbie asks NAB’s Gavin Friend whether it was the correction we had to have, genuine concerns over tariffs or something else? In Europe bond yields are being impacted by the continued resolve of the Italian government to deliver a budget that falls outside EU regulations. They also look ahead to US CPI numbers today – could a strong read impact an already volatile market?

Wednesday 10th October 2018

Whilst the US economy seems to go from strength to strength, there is speculation that China will ramp up stimulus measures to keep their economy strong. But, as Phil Dobbie, discusses with NAB’s Tapas Strickland, Europe continues to eye the plight of Italy, where the finance minister wants to tackle the spread in bond yields, but doesn’t want to change the budget. Go figure. Meanwhile there are rumours that a Brexit deal might be just round the corner, but will it be enough to bond together a divided Tory party? Kaixin Owyong also joins Phil to talk through yesterday’as NAB business survey.

Wednesday 10th October 2018

Whilst the US economy seems to go from strength to strength, there is speculation that China will ramp up stimulus measures to keep their economy strong. But, as Phil Dobbie, discusses with NAB’s Tapas Strickland, Europe continues to eye the plight of Italy, where the finance minister wants to tackle the spread in bond yields, but doesn’t want to change the budget. Go figure. Meanwhile there are rumours that a Brexit deal might be just round the corner, but will it be enough to bond together a divided Tory party? Kaixin Owyong also joins Phil to talk through yesterday’as NAB business survey.

Tuesday 9th October 2018

Equity markets took a hammering overnight. China felt it worst, after their Golden Week holiday. A bit of catching up to do, perhaps? Phil Dobbie asks NAB’s Rodrigo Catril what’s driving this sell-off. They also touch on continuing concerns between the EU and Italy, and why, given the rising risk sentiment, the Aussie and NZ dollars have fared better than most overnight. Plus, what to look out for in the NAB Business Survey this morning.

Tuesday 9th October 2018

Equity markets took a hammering overnight. China felt it worst, after their Golden Week holiday. A bit of catching up to do, perhaps? Phil Dobbie asks NAB’s Rodrigo Catril what’s driving this sell-off. They also touch on continuing concerns between the EU and Italy, and why, given the rising risk sentiment, the Aussie and NZ dollars have fared better than most overnight. Plus, what to look out for in the NAB Business Survey this morning.

Monday 8th October 2018

Strong US payrolls data on Friday saw bond yields push higher. At the same time, Friday saw new multi-year lows for the Aussie and Kiwi dollars. Phil Dobbie asks NAB’s Ray Attrill if the market has over-reacted to the US data, or is there simply a broader acceptance of the Fed’s rate rise trajectory? They also discuss moves by the People’s Bank of China to sidestep the impacts of the US tariff war – and hopes in the UK that a Brexit deal is close.

Monday 8th October 2018

Strong US payrolls data on Friday saw bond yields push higher. At the same time, Friday saw new multi-year lows for the Aussie and Kiwi dollars. Phil Dobbie asks NAB’s Ray Attrill if the market has over-reacted to the US data, or is there simply a broader acceptance of the Fed’s rate rise trajectory? They also discuss moves by the People’s Bank of China to sidestep the impacts of the US tariff war – and hopes in the UK that a Brexit deal is close.

Friday 5th October 2018

The rising US dollar is playing havoc on emerging market currencies and the Aussie has got tied up in the bad news. On today’s Morning Call NAB’s Ray Attrill said expectations fort the Aussie dollar have been revised down? Phil Dobbie asks him by how much and for how long? They also look ahead to tonight’s non-farm payrolls and the ongoing quest for wage growth.

Friday 5th October 2018

The rising US dollar is playing havoc on emerging market currencies and the Aussie has got tied up in the bad news. On today’s Morning Call NAB’s Ray Attrill said expectations fort the Aussie dollar have been revised down? Phil Dobbie asks him by how much and for how long? They also look ahead to tonight’s non-farm payrolls and the ongoing quest for wage growth.

Thursday 4th October 2018

Could oil reach $100 a barrel? And what’s driving it? And why have US treasury yields lept forward overnight? Three questions Phil Dobbie puts to NAB’s Gavin Friend on a session full of moves – moves that have not been favourable for the Australia dollar. And is there any holding back the rise in US equities?