NAB Morning Call

Thursday 26th April 2018

US 10-year treasury yields have passed 3 percent, boosting the US dollar and sending the Aussie careering downwards. Phil Dobbie asks NAB’s Ray Attrill how significant the 3 percent milestone is, and could this be the start of a weakening Aussie dollar? They also discuss tonight’s ECB meeting – just how Dovish will Mario Draghi be, and what does it mean to the Euro if he is?

Thursday 26th April 2018

US 10-year treasury yields have passed 3 percent, boosting the US dollar and sending the Aussie careering downwards. Phil Dobbie asks NAB’s Ray Attrill how significant the 3 percent milestone is, and could this be the start of a weakening Aussie dollar? They also discuss tonight’s ECB meeting – just how Dovish will Mario Draghi be, and what does it mean to the Euro if he is?

Tuesday 24th April 2018

US 10 year Treasury yields are very close to 3 percent this morning. As NAB’s David de Garis explains to Phil Dobbie its resulted in rising bond yields elsewhere, including Europe and Australia. We’ve also seen the US dollar jump out of its recent trading range, impacting most other major currencies. They also discuss what this morning’s CPI data means for the direction of the Aussie dollar. And what influence will Macron’s visit to the White House have on the President’s attitude to Iran?

Tuesday 24th April 2018

US 10 year Treasury yields are very close to 3 percent this morning. As NAB’s David de Garis explains to Phil Dobbie its resulted in rising bond yields elsewhere, including Europe and Australia. We’ve also seen the US dollar jump out of its recent trading range, impacting most other major currencies. They also discuss what this morning’s CPI data means for the direction of the Aussie dollar. And what influence will Macron’s visit to the White House have on the President’s attitude to Iran?

Monday 23rd April 2018

There’s hope that the tariff battle between China and the US could be quickly resolved, with Steven Mnuchin said to be preparing for a visit to resolve differences. Phil Dobbie asks NAB’s Rodrigo Catril about the impact this development could have on the markets this morning. They also discuss rising Treasury yields – could they push over three percent? Plus oil prices, mixed attitudes to European growth ahead of PMI figures today.

Monday 23rd April 2018

There’s hope that the tariff battle between China and the US could be quickly resolved, with Steven Mnuchin said to be preparing for a visit to resolve differences. Phil Dobbie asks NAB’s Rodrigo Catril about the impact this development could have on the markets this morning. They also discuss rising Treasury yields – could they push over three percent? Plus oil prices, mixed attitudes to European growth ahead of PMI figures today.

Friday April 20th 2018

Oil and metal prices could be the root cause of future inflation pressures, not helped by US sanctions against Russia. As NAB’s Tapas Strickland explains to Phil Dobbie, the rising prices have had an impact on government bond yields in the US and Europe. US equity indices are largely down, not helped by some disappointing earning results. In the UK soft retail figures follow yesterday’s weak inflation data, but its only had a marginal impact on expectations for a May rate hike from the Bank of England. They also discuss Australian employment data, New Zealand CPI and Canadian CPI, later today.

Friday April 20th 2018

Oil and metal prices could be the root cause of future inflation pressures, not helped by US sanctions against Russia. As NAB’s Tapas Strickland explains to Phil Dobbie, the rising prices have had an impact on government bond yields in the US and Europe. US equity indices are largely down, not helped by some disappointing earning results. In the UK soft retail figures follow yesterday’s weak inflation data, but its only had a marginal impact on expectations for a May rate hike from the Bank of England. They also discuss Australian employment data, New Zealand CPI and Canadian CPI, later today.

Thursday 19th April 2018

NAB’s David de Garis talks Phil Dobbie through a busy day for market news, starting with a big jump in oil prices. Then there’s the weaker than expected inflation figures in Europe and the UK, the Bank of Canada’s caution over “future policy adjustments” and concerns over the flattening yield curve for US government bonds. On the positive side President Trump is appearing as the dealmaker over North Korea, and UK Remainers might be enjoying the ongoing difficulty Theresa May is having on passing legislation for her country’s extraction from the EU. They also look ahead to CPI figures for New Zealand and Aussie employment data due out this morning.

Thursday 19th April 2018

NAB’s David de Garis talks Phil Dobbie through a busy day for market news, starting with a big jump in oil prices. Then there’s the weaker than expected inflation figures in Europe and the UK, the Bank of Canada’s caution over “future policy adjustments” and concerns over the flattening yield curve for US government bonds. On the positive side President Trump is appearing as the dealmaker over North Korea, and UK Remainers might be enjoying the ongoing difficulty Theresa May is having on passing legislation for her country’s extraction from the EU. They also look ahead to CPI figures for New Zealand and Aussie employment data due out this morning.