NAB Morning Call

Thursday 10th May 2018

The markets have reacted firmly to the US President’s decision on the Iran Deal yesterday, even though other signatories have spoken out against him. Phil Dobbie talks to NAB’s Rodrigo Catril and asks if this could be another case of Trump taking another leaf out of his ‘Art of the Deal’ book. Meanwhile US 10-year treasury yields tip over three percent again, even with $25 billion new ones being auctioned. They also look at the RBNZ and Bank of England announcements today, tonight’s US CPI data and the news the markets don’t want to hear about the Italian government.

Thursday 10th May 2018

The markets have reacted firmly to the US President’s decision on the Iran Deal yesterday, even though other signatories have spoken out against him. Phil Dobbie talks to NAB’s Rodrigo Catril and asks if this could be another case of Trump taking another leaf out of his ‘Art of the Deal’ book. Meanwhile US 10-year treasury yields tip over three percent again, even with $25 billion new ones being auctioned. They also look at the RBNZ and Bank of England announcements today, tonight’s US CPI data and the news the markets don’t want to hear about the Italian government.

Wednesday May 9th 2018

President Trump announced the US will reinstate tough economic sanctions against Iran, with the threat of secondary sanctions against those who continue to support the regime. As NAB’s Tapas Strickland explains to Phil Dobbie, the announcement reversed an earlier sharp fall in oil prices. We can expect to hear more from Iran’s trading partners today, including Europe, Russia and China. There’s also discussion on more positive vibes from the US Fed, last night’s Australia Budget, Theresa May’s split cabinet and the risk of another election in Italy.

Wednesday May 9th 2018

President Trump announced the US will reinstate tough economic sanctions against Iran, with the threat of secondary sanctions against those who continue to support the regime. As NAB’s Tapas Strickland explains to Phil Dobbie, the announcement reversed an earlier sharp fall in oil prices. We can expect to hear more from Iran’s trading partners today, including Europe, Russia and China. There’s also discussion on more positive vibes from the US Fed, last night’s Australia Budget, Theresa May’s split cabinet and the risk of another election in Italy.

Tuesday 8th May 2018

Oil prices reached a new high overnight ahead of President Trump’s decision tomorrow on whether to re-impose sanctions on Iran. Phil Dobbie discusses the shift higher with NAB’s Ray Attrill. They also look at business conditions in Australia, retail sales, emerging markets, China’s trade figures and Jerome Powell’s speech in Zurich this afternoon. And will tonight’s Aussie budget satisfy the ratings agencies?

Tuesday 8th May 2018

Oil prices reached a new high overnight ahead of President Trump’s decision tomorrow on whether to re-impose sanctions on Iran. Phil Dobbie discusses the shift higher with NAB’s Ray Attrill. They also look at business conditions in Australia, retail sales, emerging markets, China’s trade figures and Jerome Powell’s speech in Zurich this afternoon. And will tonight’s Aussie budget satisfy the ratings agencies?

Monday 7th May 2018

Will the US dollar rally continue this week? Phil Dobbie puts the question to NAB’s Rodrigo Catril at the start of what promises to be a busy week for traders. They discuss the take-outs from Friday’s US payrolls data, the tough talk on trade with China, Friday’s sudden interest move by Argentina’s central bank (and what it means for emerging markets), a UK cabinet divided on Brexit, and what happens when President Trump pulls out of the Iran nuclear deal. It’s going to be a busy week.

Monday 7th May 2018

Will the US dollar rally continue this week? Phil Dobbie puts the question to NAB’s Rodrigo Catril at the start of what promises to be a busy week for traders. They discuss the take-outs from Friday’s US payrolls data, the tough talk on trade with China, Friday’s sudden interest move by Argentina’s central bank (and what it means for emerging markets), a UK cabinet divided on Brexit, and what happens when President Trump pulls out of the Iran nuclear deal. It’s going to be a busy week.

Friday 4th May 2018

The S&P500 fell a lot in early trade, testing some technical levels before regaining most of the ground. The US dollar has also retreated. Phil Dobbie asks NAB’s David de Garis what is driving his risk-off tone – is it data driven, concern over the China trade talks, or anticipation of tonight’s non-farm payrolls data. Meanwhile, another piece of weak data for Europe and the local council elections in the UK, a litmus test to add to Theresa May’s list of worries.

Friday 4th May 2018

The S&P500 fell a lot in early trade, testing some technical levels before regaining most of the ground. The US dollar has also retreated. Phil Dobbie asks NAB’s David de Garis what is driving his risk-off tone – is it data driven, concern over the China trade talks, or anticipation of tonight’s non-farm payrolls data. Meanwhile, another piece of weak data for Europe and the local council elections in the UK, a litmus test to add to Theresa May’s list of worries.