NAB Morning Call

Thursday 24th May 2018

Italy’s new government, Turkey’s emergency rate hike, the failing China trade deal, the UK’s weakening inflation, slow growth in Europe, tensions over Iran – there’s a lot to be concerned about. Phil Dobbie talks to NAB’s Rodrigo Catril about today’s switch to risk-off sentiment, evidenced by falling equities in the US, Europe and Asia. Yet the US goes from good to better, it seems with the FOMC minutes suggesting a rate hike at the next meeting.

Thursday 24th May 2018

Italy’s new government, Turkey’s emergency rate hike, the failing China trade deal, the UK’s weakening inflation, slow growth in Europe, tensions over Iran – there’s a lot to be concerned about. Phil Dobbie talks to NAB’s Rodrigo Catril about today’s switch to risk-off sentiment, evidenced by falling equities in the US, Europe and Asia. Yet the US goes from good to better, it seems with the FOMC minutes suggesting a rate hike at the next meeting.

Wednesday 23rd May 2018

NAB’s Gavin Friend joins Phil Dobbie this morning to discuss what’s moving the markets although, it must to be said, it has been a quiet session overnight. Oil rallied as supply fears rose on Trump’s sanctions imposed on the country this week, but it has since retreated. There’s not been much reaction to Trump’s declaration that an outcome with North Korea is looking highly unlikely. Gavin also updates us on the latest from Italy, Mark Carney’s comments in the UK and what to look for in tomorrow’s FOMC minutes.

Wednesday 23rd May 2018

NAB’s Gavin Friend joins Phil Dobbie this morning to discuss what’s moving the markets although, it must to be said, it has been a quiet session overnight. Oil rallied as supply fears rose on Trump’s sanctions imposed on the country this week, but it has since retreated. There’s not been much reaction to Trump’s declaration that an outcome with North Korea is looking highly unlikely. Gavin also updates us on the latest from Italy, Mark Carney’s comments in the UK and what to look for in tomorrow’s FOMC minutes.

Tuesday 22nd May 2018

The positive news regarding China has seen stocks rise in the US today but, as Phil Dobbie discusses with NAB’s Tapas Strickland there has been little movement on Treasuries or the US dollar. They also look at the latest news out of Italy, rumours of a potential UK election to remove the Brexit gridlock, the plight of the Aussie dollar and the expected date of the next rate rise in Australia – NAB has just pushed it back. Find out when and why in today’s Morning Call podcast.

Tuesday 22nd May 2018

The positive news regarding China has seen stocks rise in the US today but, as Phil Dobbie discusses with NAB’s Tapas Strickland there has been little movement on Treasuries or the US dollar. They also look at the latest news out of Italy, rumours of a potential UK election to remove the Brexit gridlock, the plight of the Aussie dollar and the expected date of the next rate rise in Australia – NAB has just pushed it back. Find out when and why in today’s Morning Call podcast.

Monday 21st May 2018

Steven Mnuchin says the trade war with China is on-hold, for now, after the agreement that will see China supposedly buying more from the US, but not the reported extra $200 billion worth. Phil Dobbie asks NAB’s Ray Attrill what this will mean on the markets this morning. With the US economy outshining the rest of the world, they also discuss now long this dichotomy can continue. Europe, for example, is being dragged down by uncertainty in Italy and Canada is contending with drawn out talks on NAFTA. What does this mixed environment mean for the Aussie dollar?

Monday 21st May 2018

Steven Mnuchin says the trade war with China is on-hold, for now, after the agreement that will see China supposedly buying more from the US, but not the reported extra $200 billion worth. Phil Dobbie asks NAB’s Ray Attrill what this will mean on the markets this morning. With the US economy outshining the rest of the world, they also discuss now long this dichotomy can continue. Europe, for example, is being dragged down by uncertainty in Italy and Canada is contending with drawn out talks on NAFTA. What does this mixed environment mean for the Aussie dollar?

Friday 18th May 2018

President Trump has been making headlines with peace treaties and trade pacts, but what if they don’t happen? North Korea has threatened to pull out and now the President is saying the China talks may not be successful. And no word on the progress of NAFTA as deadlines get pushed back. On today’s Morning Call Phil Dobbie asks NAB’s Rodrigo Catril whether these delays – and the emerging uncertainty in southern Europe – could knock confidence in global markets.

Friday 18th May 2018

President Trump has been making headlines with peace treaties and trade pacts, but what if they don’t happen? North Korea has threatened to pull out and now the President is saying the China talks may not be successful. And no word on the progress of NAFTA as deadlines get pushed back. On today’s Morning Call Phil Dobbie asks NAB’s Rodrigo Catril whether these delays – and the emerging uncertainty in southern Europe – could knock confidence in global markets.