NAB Morning Call

Monday 5th March 2018

The markets continued to react to President Trump’s stance on steel tariffs, with his resolve seemingly increasing over the weekend. Phil Dobbie asks NAB’s Rodrigo Catril how far the influence will reach this week. They also discuss the situation in Europe, where Teresa May’s speech is seen by many as a step in the right direction and where another election in Germany is no longer on the cards. We still have to wait and see how Italy voted. They also discuss Japan’s exit strategy from QE, Australian property and China’s Caixin PMI today, will it echo the decline shown in the official figures last week.

Monday 5th March 2018

The markets continued to react to President Trump’s stance on steel tariffs, with his resolve seemingly increasing over the weekend. Phil Dobbie asks NAB’s Rodrigo Catril how far the influence will reach this week. They also discuss the situation in Europe, where Teresa May’s speech is seen by many as a step in the right direction and where another election in Germany is no longer on the cards. We still have to wait and see how Italy voted. They also discuss Japan’s exit strategy from QE, Australian property and China’s Caixin PMI today, will it echo the decline shown in the official figures last week.

Friday 2nd March 2018

Lots of numbers out overnight but it’s politics driving the markets right now, with President Trump saying he will sign the order next week to impose tariffs on steel imports. Phil Dobbie talks to NAB’s Rodrigo Catril about the market reaction. Plus, an election this weekend in Italy, the SDP vote in Germany that could determine whether another general election is imminent, and Theresa May’s response to the EU – what’s her answer to the Irish border question? They also look at Jerome Powell’s senate appearance – he seems to be blowing hot and not quite so hot on the economy. And discussion about the Aussie capex figures yesterday – a cause for concern?

Friday 2nd March 2018

Lots of numbers out overnight but it’s politics driving the markets right now, with President Trump saying he will sign the order next week to impose tariffs on steel imports. Phil Dobbie talks to NAB’s Rodrigo Catril about the market reaction. Plus, an election this weekend in Italy, the SDP vote in Germany that could determine whether another general election is imminent, and Theresa May’s response to the EU – what’s her answer to the Irish border question? They also look at Jerome Powell’s senate appearance – he seems to be blowing hot and not quite so hot on the economy. And discussion about the Aussie capex figures yesterday – a cause for concern?

Thursday 1st March 2018

A transition agreement for Brexit is by no means a done-deal. The EU’s draft agreement is far from acceptable to the UK. The reaction has hit the pound, bond yields and equities – Phil Dobbie asks NAB’s Ray Attrill if the situation could worsen if Theresa May offers up no answers. They also discuss the growth in US oil production, Europe’s evasive inflation, China’s cooling economy and what to expect from today’s capex figures in Australia.

Thursday 1st March 2018

A transition agreement for Brexit is by no means a done-deal. The EU’s draft agreement is far from acceptable to the UK. The reaction has hit the pound, bond yields and equities – Phil Dobbie asks NAB’s Ray Attrill if the situation could worsen if Theresa May offers up no answers. They also discuss the growth in US oil production, Europe’s evasive inflation, China’s cooling economy and what to expect from today’s capex figures in Australia.

Wednesday 28th February 2018

There’s been a swift reaction to Jerome Powell’s hawkish sentiment during his congressional testimony this morning. He said headwinds had become tailwinds. Phil Dobbie talks to NAB’s David de Garis about the market reaction, which includes falling equities and rising bond yields. They also look at European inflation data and preview PMIs from China today.

Wednesday 28th February 2018

There’s been a swift reaction to Jerome Powell’s hawkish sentiment during his congressional testimony this morning. He said headwinds had become tailwinds. Phil Dobbie talks to NAB’s David de Garis about the market reaction, which includes falling equities and rising bond yields. They also look at European inflation data and preview PMIs from China today.

Tuesday 27th February 2018

The markets didn’t react positively to the UK opposition leader’s Brexit speech – infact, they hardly reacted at all. Phil Dobbie asks NAB’s Tapas Strickland in London about the latest chapter in the saga. Plus, what Mario Draghi had to say in his testimony to the EU parliament, the impact of rising iron ore prices and have Australians lost confidence all of a sudden?

Tuesday 27th February 2018

The markets didn’t react positively to the UK opposition leader’s Brexit speech – infact, they hardly reacted at all. Phil Dobbie asks NAB’s Tapas Strickland in London about the latest chapter in the saga. Plus, what Mario Draghi had to say in his testimony to the EU parliament, the impact of rising iron ore prices and have Australians lost confidence all of a sudden?