NAB Morning Call

Wednesday 11th Apri l2018

As President Xi spoke at the Boao Forum overnight US equitie is resumed their upward path, and there were strong gains on commodity currencies. On today’s podcast Phil Dobbie asks NAB’s Ray Attrill what the Chinese President said to give the market such confidence, particularly when US politics seems mired in uncertainty, from the Mueller investigation, through to Zuckerberg’s congressional hearing and developments on Syria. Data wise, US CPI figures are the most significant numbers today – Ray tells us what to expect.

Wednesday 11th Apri l2018

As President Xi spoke at the Boao Forum overnight US equitie is resumed their upward path, and there were strong gains on commodity currencies. On today’s podcast Phil Dobbie asks NAB’s Ray Attrill what the Chinese President said to give the market such confidence, particularly when US politics seems mired in uncertainty, from the Mueller investigation, through to Zuckerberg’s congressional hearing and developments on Syria. Data wise, US CPI figures are the most significant numbers today – Ray tells us what to expect.

Tuesday April 10th 2018

In the US the equity markets bounced back on Monday after Friday’s losses, with renewed interest in tech stocks. On this morning’s Morning Call with Phil Dobbie, NAB’s Tapas Strickland suggests the gains suggest investors have assumed, once again, that the rhetoric has more to do with Trump’s Art of the Deal rather than the expectation of a full-blown trade war. Meanwhile Russian shares, currency and aluminium prices have been hit by US sanctions that kicked in this week, whilst closer to home the latest NAB Business Survey will provide insights this morning on the state of the Australian economy.

Tuesday April 10th 2018

In the US the equity markets bounced back on Monday after Friday’s losses, with renewed interest in tech stocks. On this morning’s Morning Call with Phil Dobbie, NAB’s Tapas Strickland suggests the gains suggest investors have assumed, once again, that the rhetoric has more to do with Trump’s Art of the Deal rather than the expectation of a full-blown trade war. Meanwhile Russian shares, currency and aluminium prices have been hit by US sanctions that kicked in this week, whilst closer to home the latest NAB Business Survey will provide insights this morning on the state of the Australian economy.

Monday 9th April 2018

Equity markets were hit again on Friday as President Trump ups the rhetoric on trade talk with China, threatening to include another $100b of imports. Phil Dobbie talks to NAB’s Rodrigo Catril about the impact this had on Friday’s markets and the expected spillover today. The reaction wasn’t helped by a weaker than expected set of payrolls data in the US, and now there’s the heightened tensions in Syria following a chemical attack over the weekend. With today very light on data releases it’s clear the markets will be driven more by geopolitics than by data.

Monday 9th April 2018

Equity markets were hit again on Friday as President Trump ups the rhetoric on trade talk with China, threatening to include another $100b of imports. Phil Dobbie talks to NAB’s Rodrigo Catril about the impact this had on Friday’s markets and the expected spillover today. The reaction wasn’t helped by a weaker than expected set of payrolls data in the US, and now there’s the heightened tensions in Syria following a chemical attack over the weekend. With today very light on data releases it’s clear the markets will be driven more by geopolitics than by data.

Friday April 6th 2018

It’s been a big session overnight on US and European stock markets. As Phil Dobbie discusses with NAB’s Ray Attrill, it seems the market is accepting that trade talks will somehow resolve the US trade deficit, which incidentally took a turn for the worse with February’s figures. All eyes now, though, are on the US non-farm payrolls data – one of the key data sets for influencing those Fed dot points.

Friday April 6th 2018

It’s been a big session overnight on US and European stock markets. As Phil Dobbie discusses with NAB’s Ray Attrill, it seems the market is accepting that trade talks will somehow resolve the US trade deficit, which incidentally took a turn for the worse with February’s figures. All eyes now, though, are on the US non-farm payrolls data – one of the key data sets for influencing those Fed dot points.

Thursday 5th April 2018

President Trump tweeted that the US has already lost the trade war and has everything to gain. Yet the markets didn’t see it that way as China announced tariffs on US cars, aircraft and soybeans. Phil Dobbie talks to NAB’s Rodrigo Catril about how the markets reacted today – the volatility is constrained to equity markets right now, but could that spread if the rhetoric is turned up a notch? Plus, the Kiwi and Aussie dollars were the only two major currencies to show significant moves overnight, why is that? And what to look out for in data releases today.

Thursday 5th April 2018

President Trump tweeted that the US has already lost the trade war and has everything to gain. Yet the markets didn’t see it that way as China announced tariffs on US cars, aircraft and soybeans. Phil Dobbie talks to NAB’s Rodrigo Catril about how the markets reacted today – the volatility is constrained to equity markets right now, but could that spread if the rhetoric is turned up a notch? Plus, the Kiwi and Aussie dollars were the only two major currencies to show significant moves overnight, why is that? And what to look out for in data releases today.