NAB Morning Call

Thursday 3rd May 2018

On Bloomberg this morning one analyst described the US Fed statement as a sign that it was ‘Mission Accomplished’. Phil Dobbie asks NAB’s Rodrigo Catril if that really is the case. Words from the Fed have had little impact on the markets, across all sectors, except oil and gold, which rose on the news that not much has changed. They also discuss Europe’s GDP figures, US trade talks with China and they look ahead to today’s data releases.

Thursday 3rd May 2018

On Bloomberg this morning one analyst described the US Fed statement as a sign that it was ‘Mission Accomplished’. Phil Dobbie asks NAB’s Rodrigo Catril if that really is the case. Words from the Fed have had little impact on the markets, across all sectors, except oil and gold, which rose on the news that not much has changed. They also discuss Europe’s GDP figures, US trade talks with China and they look ahead to today’s data releases.

Wednesday 2nd May 2018

Today sees a continued strong run on the US dollar. NAB’s Gavin Friend suggests the move reflects the US economy gaining momentum, whilst other economies are failing to keep pace. Phil Dobbie asks Gavin whether this adds to the case for a third rate hike in the US this year. It’s a different tale in the UK, where poor manufacturing data has hit the pound hard. And, in Australia, Philip Lowe continues with the ‘steady she goes’ approach to the local economy.

Wednesday 2nd May 2018

Today sees a continued strong run on the US dollar. NAB’s Gavin Friend suggests the move reflects the US economy gaining momentum, whilst other economies are failing to keep pace. Phil Dobbie asks Gavin whether this adds to the case for a third rate hike in the US this year. It’s a different tale in the UK, where poor manufacturing data has hit the pound hard. And, in Australia, Philip Lowe continues with the ‘steady she goes’ approach to the local economy.

Tuesday 1st May 2018

Just as the South Korean President suggests Donald Trump should be awarded a noble peace prize, Israel’s Netanyahu accuses Iran of lying over it’s nuclear aspirations. Phil Dobbie talks to NAB’s Tapas Strickland who suggests the markets are getting used to the US President’s style, and that could ease concerns over future Trumpisms. They also discuss what’s become a familiar tale of late, strong data from the US and slightly less bullish numbers from Europe. And they look ahead to today’s RBA meeting – we know rates will stay on hold, but what else will be said?

Tuesday 1st May 2018

Just as the South Korean President suggests Donald Trump should be awarded a noble peace prize, Israel’s Netanyahu accuses Iran of lying over it’s nuclear aspirations. Phil Dobbie talks to NAB’s Tapas Strickland who suggests the markets are getting used to the US President’s style, and that could ease concerns over future Trumpisms. They also discuss what’s become a familiar tale of late, strong data from the US and slightly less bullish numbers from Europe. And they look ahead to today’s RBA meeting – we know rates will stay on hold, but what else will be said?

Monday 30th April 2018

Friday was an historic day but, as NAB’s Ray Attrill explains to Phil Dobbie, the prospect of peace on the Korean peninsular didn’t unduly impact the markets. In fact, weak GDP figures in the UK seemed to be the main driver of change. On today’s podcast Ray and Phil discuss the week ahead, including meeting of the US Federal Reserve and the RBA, as well as PMI figures from China today. And what of the Aussie dollar, which seems determined to stay above 75 US cents?

Monday 30th April 2018

Friday was an historic day but, as NAB’s Ray Attrill explains to Phil Dobbie, the prospect of peace on the Korean peninsular didn’t unduly impact the markets. In fact, weak GDP figures in the UK seemed to be the main driver of change. On today’s podcast Ray and Phil discuss the week ahead, including meeting of the US Federal Reserve and the RBA, as well as PMI figures from China today. And what of the Aussie dollar, which seems determined to stay above 75 US cents?

Friday 27th April 2018

The Euro and European bond yields took a blow today as the European Central Bank failed to commit to a timetable for the ending of quantitative easing. NAB’s Gavin Friend talks to Phil Dobbie about the wording from the ECB and the surprise move in the Swedish Kroner today. They also look at US trade figures overnight and look ahead to GDP data in the US and UK. Plus a ‘swag’ of data from Japan.

Friday 27th April 2018

The Euro and European bond yields took a blow today as the European Central Bank failed to commit to a timetable for the ending of quantitative easing. NAB’s Gavin Friend talks to Phil Dobbie about the wording from the ECB and the surprise move in the Swedish Kroner today. They also look at US trade figures overnight and look ahead to GDP data in the US and UK. Plus a ‘swag’ of data from Japan.