NAB Morning Call

Friday 24th August 2018

Today is Malcolm Turnbull’s last day in office. Phil Dobbie talks to NAB’s Ray Attrill about the possible scenarios that could play out today and what the market impact will be – it’s already hit the Aussie dollar quite markedly. They also look at the reaction to the Huawei/ZTE ban, the latest on Brexit, data to watch out for today and the start of the Jackson Hole meeting tonight.

Friday 24th August 2018

Today is Malcolm Turnbull’s last day in office. Phil Dobbie talks to NAB’s Ray Attrill about the possible scenarios that could play out today and what the market impact will be – it’s already hit the Aussie dollar quite markedly. They also look at the reaction to the Huawei/ZTE ban, the latest on Brexit, data to watch out for today and the start of the Jackson Hole meeting tonight.

Thursday 23rd August 2018

Five of the US President’s associates have pleaded or been found guilty of felonies. In the last 24 hours Trump’s former campaign chairman Manafort has been convicted, whilst his personal lawyer Michael Cohen has pleaded guilty to charges of illegal funding. But, as Phil Dobbie discusses with NAB’s David de Garis, the news continues to have little reaction on the markets. They also explore the fall in the Aussie against the Kiwi dollar today, and look ahead to Jackson Hole this weekend.

Thursday 23rd August 2018

Five of the US President’s associates have pleaded or been found guilty of felonies. In the last 24 hours Trump’s former campaign chairman Manafort has been convicted, whilst his personal lawyer Michael Cohen has pleaded guilty to charges of illegal funding. But, as Phil Dobbie discusses with NAB’s David de Garis, the news continues to have little reaction on the markets. They also explore the fall in the Aussie against the Kiwi dollar today, and look ahead to Jackson Hole this weekend.

Wednesday 22nd August 2018

Yesterday we mentioned reports that President Trump had expressed discontent with the work of the Fed and Jerome ‘Jay’ Powell at a private function. Now, he’s more vocal about it. Phil Dobbie asks NAB’s Rodrigo Catril what influence this has had on the markets, along with an essay overnight from the Fed’s Robert Kaplan. Also, the latest on tariff talk and Brexit. And what to expect from the RBA’s Guy Debelle, who talks at lunchtime.

Wednesday 22nd August 2018

Yesterday we mentioned reports that President Trump had expressed discontent with the work of the Fed and Jerome ‘Jay’ Powell at a private function. Now, he’s more vocal about it. Phil Dobbie asks NAB’s Rodrigo Catril what influence this has had on the markets, along with an essay overnight from the Fed’s Robert Kaplan. Also, the latest on tariff talk and Brexit. And what to expect from the RBA’s Guy Debelle, who talks at lunchtime.

Tuesday 21st August 2018

Treasury yields drifted lower in the US today. NAB’s Gavin Friend says this follows a warning from bond investor Jeff Gundlach that there was a record level of short positions. He talks with Phil Dobbie about the impact of the warning, and the reports that President Trump allegedly spoke out against the Fed’s approach to interest rates. Will it inflluence what Jerome Powell has to say at Jackson Hole at the end of the week?

Tuesday 21st August 2018

Treasury yields drifted lower in the US today. NAB’s Gavin Friend says this follows a warning from bond investor Jeff Gundlach that there was a record level of short positions. He talks with Phil Dobbie about the impact of the warning, and the reports that President Trump allegedly spoke out against the Fed’s approach to interest rates. Will it inflluence what Jerome Powell has to say at Jackson Hole at the end of the week?

Monday 20th August 2018

There’s some speculation that the US and China will strike a deal on trade, but it won’t happen till November. In today’s Morning Call podcast Phil Dobbie talks to NAB’s Ray Attrill about what’s sparked this new bout of optimism. They also look at the testimony on Friday from the RBA’s Philip Lowe, his concerns about the US China trade dispute and other take-outs. And what can we expect from the get together at Jackson Hole at the end of the week.

Monday 20th August 2018

There’s some speculation that the US and China will strike a deal on trade, but it won’t happen till November. In today’s Morning Call podcast Phil Dobbie talks to NAB’s Ray Attrill about what’s sparked this new bout of optimism. They also look at the testimony on Friday from the RBA’s Philip Lowe, his concerns about the US China trade dispute and other take-outs. And what can we expect from the get together at Jackson Hole at the end of the week.