NAB Morning Call

Wednesday 4th April 2018

Technology stocks were hit yesterday with fears that the president would somehow “go after” Amazon, but it seems it was largely rhetoric. Instead, as NAB’s Tapas Strickland discusses with Phil Dobbie, the risk-off mood from yesterday has subsidised, for now. They also discuss why Libor is so much higher than OIS, whether it will remain and what it means for US funding costs. Finally, they look at yesterday’s RBA meeting, today’s Aussie retail sales figures and other data releases of the day.

Wednesday 4th April 2018

Technology stocks were hit yesterday with fears that the president would somehow “go after” Amazon, but it seems it was largely rhetoric. Instead, as NAB’s Tapas Strickland discusses with Phil Dobbie, the risk-off mood from yesterday has subsidised, for now. They also discuss why Libor is so much higher than OIS, whether it will remain and what it means for US funding costs. Finally, they look at yesterday’s RBA meeting, today’s Aussie retail sales figures and other data releases of the day.

China has listed 128 US imports that will be subject to new tariffs in tit-for-tat retaliation. Phil Dobbie asks NAB’s David de Garis if this is the end, or the start of it? Plus, a sharp reversal in US equities – much of it from technology stocks, not helped by a Trump tweet taking aim at Amazon over the weekend. They also look at manufacturing figures from the US and China over the weekend, and look ahead to today’s RBA meeting. Welcome back to The Morning Call.

China has listed 128 US imports that will be subject to new tariffs in tit-for-tat retaliation. Phil Dobbie asks NAB’s David de Garis if this is the end, or the start of it? Plus, a sharp reversal in US equities – much of it from technology stocks, not helped by a Trump tweet taking aim at Amazon over the weekend. They also look at manufacturing figures from the US and China over the weekend, and look ahead to today’s RBA meeting. Welcome back to The Morning Call.

President Xi has been heavily promoting Made in China 2025, using technology to promote highly competitive products. But how much of that innovation is the IP of the United States? In today’s podcast Phil Dobbie talks to NABs Tapas Strickland about how the Trump administration is strengthening its aim at China’s high-tech industries and the impact it’s having on the NASDAQ. But it’s not just those trade talks that are hitting technology stocks. They also look ahead to tonight’s PCE deflators, the key measure of US inflation. And it’s exactly one year till Britain leaves the EU, with so much still to sort out.

President Xi has been heavily promoting Made in China 2025, using technology to promote highly competitive products. But how much of that innovation is the IP of the United States? In today’s podcast Phil Dobbie talks to NABs Tapas Strickland about how the Trump administration is strengthening its aim at China’s high-tech industries and the impact it’s having on the NASDAQ. But it’s not just those trade talks that are hitting technology stocks. They also look ahead to tonight’s PCE deflators, the key measure of US inflation. And it’s exactly one year till Britain leaves the EU, with so much still to sort out.

Wednesday 28th March 2018

Early in the session it looked like share trading in the US was going to build on the upward momentum of yesterday, but then a sudden shift in sentiment. Phil Dobbie asks NAB’s David de Garis, why the sudden change in mood? In part, it’s because of further trade restrictions suggested by President Trump, suggesting the battle is far from over. They also discuss falling confidence in Europe and the US, the flattening yield curve and increased supply from the Fed, and New Zealand’s consumer confidence figures out this morning.

Wednesday 28th March 2018

Early in the session it looked like share trading in the US was going to build on the upward momentum of yesterday, but then a sudden shift in sentiment. Phil Dobbie asks NAB’s David de Garis, why the sudden change in mood? In part, it’s because of further trade restrictions suggested by President Trump, suggesting the battle is far from over. They also discuss falling confidence in Europe and the US, the flattening yield curve and increased supply from the Fed, and New Zealand’s consumer confidence figures out this morning.

Tuesday 27th March 2018

What a difference a day makes. The mere hint that a resolution could be found in the trade dispute between the US and China has seen shares rebound today, with money moving from safe havens like treasuries and the Japanese Yen. Phil Dobbie talks to NAB’s Tapas Strickland in London about the rebound and the the impact on the Aussie and Kiwi dollars. They also discuss the looming Trump audience with Kim Jong Un and the latest on Brexit.

Tuesday 27th March 2018

What a difference a day makes. The mere hint that a resolution could be found in the trade dispute between the US and China has seen shares rebound today, with money moving from safe havens like treasuries and the Japanese Yen. Phil Dobbie talks to NAB’s Tapas Strickland in London about the rebound and the the impact on the Aussie and Kiwi dollars. They also discuss the looming Trump audience with Kim Jong Un and the latest on Brexit.