NAB Morning Call

Friday 3rd August 2018

The US dollar has powered ahead of a falling Yuan today as the Trump administration threatens to lift the tariff rate on $200 billion of Chinese imports to 25%. Phil Dobbie talks to NAB’s Tapas Strickland, who explains the market reaction. They also look at the latest in Japan’s yield control, the Bank of England rate rise, the Aussie balance of trade figures, plus a look ahead to tonight’s Non-Farm Payrolls numbers from the US.

Friday 3rd August 2018

The US dollar has powered ahead of a falling Yuan today as the Trump administration threatens to lift the tariff rate on $200 billion of Chinese imports to 25%. Phil Dobbie talks to NAB’s Tapas Strickland, who explains the market reaction. They also look at the latest in Japan’s yield control, the Bank of England rate rise, the Aussie balance of trade figures, plus a look ahead to tonight’s Non-Farm Payrolls numbers from the US.

Thursday 2nd August 2018

The Trump administration will make an announcement today and its plans for tariffs on Chinese imports. Reports suggest they will raise the rate on the planned impost. Phil Dobbie talks to NAB’s David de Garis about the impact the news has had on the markets and how China is reacting to the uncertainty. There’s been less reaction to the FOMC meeting this morning and a rate rise from the Bank of England seems a near certainty. They also discuss the plight of the Aussie and Kiwi dollars, both taking a hit this morning.

Thursday 2nd August 2018

The Trump administration will make an announcement today and its plans for tariffs on Chinese imports. Reports suggest they will raise the rate on the planned impost. Phil Dobbie talks to NAB’s David de Garis about the impact the news has had on the markets and how China is reacting to the uncertainty. There’s been less reaction to the FOMC meeting this morning and a rate rise from the Bank of England seems a near certainty. They also discuss the plight of the Aussie and Kiwi dollars, both taking a hit this morning.

Wednesday 1st August 2018

The markets somehow expected more from the Bank of Japan, who outlined only minor tweaks to its policy stance. But as Phil Dobbie discusses with NAB’s David de Garis there was a swifter market reaction to news that the US and China might restart trade talks, hopefully removing the threat of further tariffs. What does that mean for the Aussie dollar? Meanwhile Canada celebrates strong GDP growth, but reportedly finds itself shut out of NAFTA talks. All this, with the next FOMC meeting less than a day away.

Wednesday 1st August 2018

The markets somehow expected more from the Bank of Japan, who outlined only minor tweaks to its policy stance. But as Phil Dobbie discusses with NAB’s David de Garis there was a swifter market reaction to news that the US and China might restart trade talks, hopefully removing the threat of further tariffs. What does that mean for the Aussie dollar? Meanwhile Canada celebrates strong GDP growth, but reportedly finds itself shut out of NAFTA talks. All this, with the next FOMC meeting less than a day away.

Tuesday 31st July 2018

Phil Dobbie talks to NAB’s Tapas Strickland about a session that has been high on movement, even though its been low on data. Tech stocks have taken a hit, partly through earnings results, but largely as a market correction. Oil has shown a sharp rise on supply concerns. The Bank of Japan’s attempts to control bond yields has impacted bond prices across the globe. Whilst the Aussie dollar struggles to get any traction, despite a weakening US dollar.

Tuesday 31st July 2018

Phil Dobbie talks to NAB’s Tapas Strickland about a session that has been high on movement, even though its been low on data. Tech stocks have taken a hit, partly through earnings results, but largely as a market correction. Oil has shown a sharp rise on supply concerns. The Bank of Japan’s attempts to control bond yields has impacted bond prices across the globe. Whilst the Aussie dollar struggles to get any traction, despite a weakening US dollar.

Monday 30th July 2018

The US President has boasted about the economic turnaround evidenced by Friday’s GDP figures. But, as NAB’s Rodrigo Catril explains, the figures weren’t that impressive or sustainable. He also talks to Phil Dobbie about the direction of the Aussie dollar – three weeks on the slide, will it continue? And its central bank week - Japan, the UK and the US all meet, but only one is expected to put rates up.

Monday 30th July 2018

The US President has boasted about the economic turnaround evidenced by Friday’s GDP figures. But, as NAB’s Rodrigo Catril explains, the figures weren’t that impressive or sustainable. He also talks to Phil Dobbie about the direction of the Aussie dollar – three weeks on the slide, will it continue? And its central bank week - Japan, the UK and the US all meet, but only one is expected to put rates up.