NAB Morning Call

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?

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?

Wednesday 3rd October 2018

Yesterday the markets were shifting to a risk-on mood as the US trade was signed with Canada. This morning it’s a different story as Italy’s travails continue and, as NAB’s Tapas Strickland explains, heightening oil prices are causing problems for Indonesia. Combined they have taken the edge of the positivity. He also talks to Phil Dobbie about the RBA statement yesterday, Jerome Powell’s speech, New Zealand business sentiment, and the state of the Aussie housing market.

Wednesday 3rd October 2018

Yesterday the markets were shifting to a risk-on mood as the US trade was signed with Canada. This morning it’s a different story as Italy’s travails continue and, as NAB’s Tapas Strickland explains, heightening oil prices are causing problems for Indonesia. Combined they have taken the edge of the positivity. He also talks to Phil Dobbie about the RBA statement yesterday, Jerome Powell’s speech, New Zealand business sentiment, and the state of the Aussie housing market.

Tuesday 2nd October 2018

An eleventh-hour deal has seen Canada included in a US trade deal with Mexico. But, as Phil Dobbie discusses with NAB’s David de Garis, it’s not NAFTA. Whatever the differences it has buoyed markets and contributed to increased risk sentiment. Yet the mood hasn’t helped the Aussie dollar, or been impacted by continued concerns over the Italian budget. They also look ahead to the RBA decision today, even if any move would be a colossal surprise.

Tuesday 2nd October 2018

An eleventh-hour deal has seen Canada included in a US trade deal with Mexico. But, as Phil Dobbie discusses with NAB’s David de Garis, it’s not NAFTA. Whatever the differences it has buoyed markets and contributed to increased risk sentiment. Yet the mood hasn’t helped the Aussie dollar, or been impacted by continued concerns over the Italian budget. They also look ahead to the RBA decision today, even if any move would be a colossal surprise.

Monday 1st October 2018

The size of the Italian government’s budget deficit is causing concern in Europe. Phil Dobbie asks NAB’s David de Garis how far the market reaction could spread. They also discuss implications from the UK’s conservative party conference, now underway, and the deadline for NAFTA (today). Plus flat inflation numbers from both sides of the Atlantic and Sunday’s PMI figures from China.

Monday 1st October 2018

The size of the Italian government’s budget deficit is causing concern in Europe. Phil Dobbie asks NAB’s David de Garis how far the market reaction could spread. They also discuss implications from the UK’s conservative party conference, now underway, and the deadline for NAFTA (today). Plus flat inflation numbers from both sides of the Atlantic and Sunday’s PMI figures from China.

Friday 28th September 2018

The Italian budget wasn’t as easy to resolve as the markets had hoped. As NAB’s Rodrigo Catril explains, the difficulties in keeping within EU regulations over budget deficits have hurt the Euro, which has boosted the US dollar – and, in turn, knocked the Aussie dollar down. He also explains to Phil Dobbie what else is driving the US dollar higher. And they look ahead to a plethora of data available over the next 24 hours.