Start your day with the NAB Morning Call for the latest overnight key economic and market information straight from our team of expert market economists and strategists. This includes perspective on overnight news and market price action and the forces shaping movements in Australian and global markets in the days ahead. Hosted on Acast. See acast.com/privacy for more information.
…
continue reading
1
🎧Is an RBA hike an emerging possibility?
14:06
14:06
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
14:06
Wednesday 8th May 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB NAB is still expecting that the RBA’s next move will be a cut in November, because yesterday’s meeting did raise the possibility of a rate hike if inflation remains too persistent. NAB’s Skye Masters says the market reaction was tame …
…
continue reading
1
RBA gives it all, but is any of it new?
15:34
15:34
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
15:34
Tuesday 7th May 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB The RBA meets today and is expected to keep rates on hold. They also release their revised inflation forecasts in the latest Statement of Monetary Policy. NAB’s Taylor Nugent says there will be some market sensitivity around these numbe…
…
continue reading
1
US jobs cool and services soften
16:18
16:18
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
16:18
Monday 6th May 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB The non-farm payrolls in the US came in lower than expected, with a rise in the unemployment rate. NAAB’s Ken Crompton says we shouldn’t get too excited by the unemployment rate because it’s a small move when you take it to the second de…
…
continue reading
1
The Weekend Edition - The fundamentals of the Magnificent Seven
23:50
23:50
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
23:50
Friday 3rd May 2024 Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here. They dominated the global share market last year and many have enjoyed tremendous growth so far this year, with NVIDIA as the clear outperformer. Whilst there’s a been a bit of an adjustment …
…
continue reading
1
US productivity slips adding to labour costs
19:29
19:29
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
19:29
Friday 3rd May 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB US productivity has slipped quite markedly in Q1, that’s pushed up labour costs – is that something to worry about? Phil puts the question to NAB’s Gavin Friend, who says markets are still responding to yesterday’s dovish slant from the …
…
continue reading
Thursday 2nd May 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB The Fed kept rates on hold for the sixth meeting in a row this morning, warning that there had ben a lack of further progress towards their 2% inflation target. NAB’s Ray Attrill says it didn’t really change market pricing for a cut, w…
…
continue reading
1
Bond yields push higher, heavy losses in equities a day out from the Fed
14:43
14:43
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
14:43
Wednesday 1st May 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB A month-end a day out from the Fed decision in the midst of some earning results for some heavyweight stocks, its hardly surprising we saw a lot of volatility in bonds, currencies and equities in this session. NAB’s Skye Masters says …
…
continue reading
1
A sticky last mile for Europe
14:01
14:01
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
14:01
Tuesday 30th April 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB German inflation numbers overnight were stickier than expected, presenting a challenge for the ECB, one of the few central banks that has been talking-up the mid-term rate cuts. Phil asks NAB’s Rodrigo Catril if this puts June cut in…
…
continue reading
1
Waiting longer as inflation persists
12:10
12:10
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
12:10
Monday 29th April 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB The US March PCE Deflator number on Friday was broadly in line with consensus, but NAB’s Tapas Strickland says upward revisions to the January and February numbers show inflation remains persistent which delays further the timing of c…
…
continue reading
1
Weekend Edition: Moving up the renewables value chain
29:01
29:01
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
29:01
Friday 26th April 2024 Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here. Australia is well placed in terms of natural resources for the green energy transition. We are already one of the world’s largest exporters of lithium, in-demand for the production of batt…
…
continue reading
Wednesday 24th April 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB Is stagflation on the horizon for America? It’s a question Phil puts to NAB’s Rodrigo Catril after we saw slower growth and rising prices in data out on Wednesday. Could slow growth impact the euphoria around the Magnificent Seven?…
…
continue reading
1
PMIs show narrowing US-Europe gap, Inflation Day for Australia
16:35
16:35
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
16:35
Wednesday 24th April 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB PMIs showed some strength in Europe, but were generally weaker than expected in the US. NAB’s Taylor Nugent says it’s the US numbers that generated a market reaction because it adds to the leading indicators that challenge the noti…
…
continue reading
1
The Equities Strike Back (for now)
12:35
12:35
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
12:35
Tuesday 23rd April 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB The force of AI is strong it seems. It’s certainly pushing equities back up again in the US ahead of earnings results for several of the Magnificent Seven later this week. Meanwhile, bond markets and currencies have calmed down, alth…
…
continue reading
1
Is there a tech correction going on?
17:06
17:06
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
17:06
Monday 22nd April 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB The magnificent seven have been taking a hit in the US share market. NAB’s Ray Attrill says the forward-guidance for Netflix wasn’t received well, and four more of th large tech stocks report this week. Meanwhile, there were further s…
…
continue reading
1
The Weekend Edition: Europe needs a confidence boost
24:25
24:25
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
24:25
Friday 19th April 2024 Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here. This week we saw the divide between European despondency and American exceptionalism widen a little further. The IMF upgraded their US growth forecasts, whilst nudging Europe’s a little lo…
…
continue reading
1
Next Fed move, backend of the year, unless it’s up!
16:12
16:12
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
16:12
Friday 19th April 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB Fed speakers are increasingly pushing expectations for cuts further back in the year. John Williams even suggested he’d entertain the idea of a rate rise if it was warranted. That’s coming from one of the more dovish members of the FO…
…
continue reading
1
UK inflation slows, but not enough. Aussie employment numbers today.
15:30
15:30
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
15:30
Thursday 18th April 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB Markets were mixed overnight. The dollar lost a bit of ground, AUD and NZD outperformed, bond yields fell, while US equities have continued to struggle. The only geopolitics to speak of came from Joe Biden talking upping the need to…
…
continue reading
1
It’s taking longer, says Powell
17:12
17:12
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
17:12
Wednesday 17th April 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB There’s been a significant shift in sentiment from central bankers at the IMF meeting in Washington. Jerome Powell, who had previously seemed happy to accept rate cuts relatively soon, is now signalling it will take longer. IMF for…
…
continue reading
1
US retail moves markets, not the Middle East
15:53
15:53
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
15:53
Tuesday 16th April 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB The latest retail numbers showed the resilience in the US economy. NAB’s Ray Attrill says its surprising given the fall in household savings, but there are more people in work feeding the spending habit. These stronger than expected …
…
continue reading
1
Drone attack. Will Israel retaliate?
15:05
15:05
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
15:05
Monday 15th April 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB How markets respond to the Middle East situation this week really depends on whether Israel retaliates. The expectation of the weekend’s drone attack on Israel by Iran pushed the US dollar higher, bond yields lower and caused some dam…
…
continue reading
1
Weekend Edition: The "women with money" opportunity
20:04
20:04
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
20:04
Friday 12th April 2024 Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here. Financial advisors could be missing a trick. So many of them are men, used to dealing with men, yet the customer base is shifting. High net worth women are accumulating their own assets, f…
…
continue reading
1
Europe is getting ready, without being triumphant
17:39
17:39
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
17:39
Friday 12th April 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB Christine Lagarde said a few members of the ECB were ready to cut rates now, even as the ECB President announced that, for now, rates will stay on hold. Was this the strongest suggestion yet that a June cut will happen? Phil asks NAB’…
…
continue reading
1
US CPI surprise. The last mile just got longer
15:18
15:18
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
15:18
Thursday 11th April 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB US inflation is not coming down quickly. There’s been a lot of evidence for that lately and the latest CPI numbers can be added to the list. The response from markets have been quite pronounced, with a significant rise in yields, a …
…
continue reading
1
Two central banks and lots of unhappy small businesses
17:15
17:15
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
17:15
Wednesday 10th April 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB US CPI numbers are out today along with a couple of meetings of central banks - the Bank of Canada and the RBNZ. NAB’s Taylor Nugent talks through the expectations for both those meetings, although clearly both are expected to be o…
…
continue reading
1
Treasury yields hit year highs on creeping doubts about Fed easing
16:51
16:51
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
16:51
Tuesday 9th April 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB 10 year Treasury yields hit a year to date high overnight as markets continue to push back expectations for the number and timing of FOMC cuts this year. NAB’s Ray Attrill says the Fed’s Goolsbee described the US economy as being in a…
…
continue reading
1
US payrolls too hot for the Fed?
17:26
17:26
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
17:26
Monday 8th April 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB US non-farm payrolls showed many more new workers than expected last month, but an increase in the participation rate meant the unemployment rate actually fell. Phil asks NAB’s Rodrigo Catril why the numbers have pushed back market exp…
…
continue reading
1
Weekend Edition: China’s future – on its terms
28:25
28:25
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
28:25
Friday 5th April 2024 Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here. China is forecasting GDP growth of 5 percent this year. The China Daily suggested last week that the economy was on track to see sustained growth of 4.5 percent each year until 2035. Just h…
…
continue reading
1
Australia’s housing problem, US markets choppy ahead of jobs numbers
17:54
17:54
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
17:54
Friday 5th April 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB The latest building approvals for Australia show just how bad the housing situation is becoming. NAB’s Rodrigo Catril says it’s a structural problem that adds to the difficulties the RBA faces in slowing inflation. He talks through the…
…
continue reading
1
Powell waits whilst service sector softens
17:49
17:49
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
17:49
Thursday 4th April 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB Jerome Powell spoke at the Stamford Forum overnight, reiterating that the Fed was prepared to wait before cutting rates. JBWere’s Sally Auld says markets are now stating to come to terms with the fact that a June cut is almost certai…
…
continue reading
1
Yields rise over expected Fed delays
15:11
15:11
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
15:11
Wednesday 3rd April 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB Bond yields continued to rise in the US overnight, with Europe playing catch-up as it returns from a long Easter weekend. NAB’s Ken Crompton talks through the adjustment markets are making to their rate cut expectations from the Fed…
…
continue reading
1
Hopeful data suggests US is heading for ‘no landing’
16:42
16:42
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
16:42
Tueday 2nd April 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB The US manufacturing ISM this morning was stronger than expected. Phil asks NAB’s Ray Attrill if we are seeing more soft-landing evidence from the US, with the Core PCE deflator read on Friday showing prices are rising just 2.8% year o…
…
continue reading
1
Weekend Edition: Bronwyn Curtis on central banks and growth
26:23
26:23
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
26:23
Friday 22nd March 2024 Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here. Bronwyn Curtis OBE is an Australian economist living in the UK with an illustrious career in finance. She’s headed Currency and Fixed Income at Deutsche Bank, then later at HSBC, as well a…
…
continue reading
1
A scramble to the quarter end
16:15
16:15
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
16:15
Thursday 28th March 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB A early Easter this year is creating the potential for extra volatility the last day or two of the quarter. Even though the Core PC deflator numbers are out at the end of the week, the markets are closed on Friday. That means market…
…
continue reading
1
Break the glass and get ready for inflation numbers
15:18
15:18
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
15:18
Wednesday 27th March 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB It’s been a session low on significant data and low on market moves. Bond markets have managed to absorb sizeable auctions however, and equities have bounced back as we approach month end and the US inflation data at the end of the…
…
continue reading
1
Controlling the Yuan and the Yen
13:42
13:42
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
13:42
Tuesday 26th March 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB The CNY climbed higher today, as the PBoC set a higher reference rate, reversing expectations that perhaps authorities were willing to see the currency drift a little lower. NAB’s Rodrigo Catrl talks through the moves, and the warnin…
…
continue reading
1
Easing hopes and a falling Yuan
15:37
15:37
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
15:37
Monday 25th March 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB The CNY fell sharply on Friday after Chinese authorities set the daily reference rate weaker than expected. NAB’s Taylor Nugent talks through the consequences and repercussions of an approach that might be less contained. Meanwhile ma…
…
continue reading
1
Weekend Edition: The Great Education Bounce Back
26:30
26:30
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
26:30
Friday 22nd March 2024 Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here. Foreign students are back and more than ever. Julie Hare, education editor at the AFR, says its more than just a rebound and catch-up from COVID. Something has shifted. So, what does that …
…
continue reading
1
Bad Apple, Swiss Surprise, English Hawks fly
16:35
16:35
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
16:35
Friday 22nd March 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB Equity markets ushed higher, presumably on expectations of looming rate cuts by various central banks. NAB’s Gavin Friend in London says a move in August is still expected by the Bank of England, as the two hawks who voted for a rise …
…
continue reading
Thursday 21st March 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB Inflation has eased, but not enough yet says Jerome Powell, as the Fed keeps rates on hold, and Fed members point to a slightly higher long-term nominal rate. NAB’s Taylor Nugent dissects the announcement and the press conference, b…
…
continue reading
Wednesday 20th March 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB With the RBA and bank of Japan out of the way, markets are readying themselves for the FOMC tomorrow, with yields drifting a little lower today in anticipation. NAB’s Ken Crompton says the RBA has removed its tightening bias – now,…
…
continue reading
Tuesday 19th March 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB Two central banks meet today, but the outcomes seem predictable. The end of negative rates by the Bank of Japan seems to have been well signalled, and the RBA continues its restrictive policy settings. NAB’s Skye Masters says we cont…
…
continue reading
1
One move out of six this week?
14:56
14:56
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
14:56
Monday 18th March 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB This week we hear the interest rate decisions from the RBA, the Fed, the BOE, the Bank of Japan, Norge’s Bank and the Swiss National Bank. Will any of them move rates? NAB’s Rodrigo Catril looks at what to expect and when, including t…
…
continue reading
1
Weekend Edition: Aussie agriculture, scaling up to thrive
22:07
22:07
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
22:07
Friday 18th March 2024 Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here. A pandemic, water shortages, labour supply issues, the cost of finance, China’s slow recovery, climate change. It seems like the agricultural sector faces massive headwinds, but NAB’s Lea …
…
continue reading
1
The lengthening last mile
13:52
13:52
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
13:52
Friday 15th March 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB Reality is starting to bite. Pesky inflation is taking longer to come down, even as other data is showing slower economic growth. NAB’s Ken Crompton says its only one day, but stronger producer prices and slower retail growth is your …
…
continue reading
1
Hungry for US bonds, wage wins in Japan
15:43
15:43
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
15:43
Wednesday 13th March 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB Another big auction overnight showed strong appetite from investors for long-dated US bonds. NAB’s Gavin Friend says the resilience in US data refuses to give up and the timeline for when the Fed will cut rates continues to get pus…
…
continue reading
1
US inflation hotter than expected
14:21
14:21
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
14:21
Wednesday 13th March 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB US inflation came in hotter than expected ion data out overnight, but NAB’s Taylor Nugent says it was only marginally above expectations, rounding just makes it seem worth. It’s not changing expectations for a June cut, he says. Th…
…
continue reading
1
Last minute nerves ahead of US inflation
14:58
14:58
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
14:58
Tuesday 12th March 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB US CPI is out today. A core monthly read of 0.3 percent is expected. JBWere’s Sally Auld says that’s too high to meet the Fed’s target so we’ll need to see CPI down to 0.2 percent over successive months before they can be certain the…
…
continue reading
1
The US jobs numbers that surprised, then didn’t
14:17
14:17
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
14:17
Monday 11th March 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB US payrolls data was initially a surprise on Friday. NAB’s Ray Attrill says there was an initial algo-driven market response, before the human s stepped in on realising that substantial downward revisions in the previous two months me…
…
continue reading
1
Weekend Edition: Equality Japanese Style
23:08
23:08
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
23:08
Friday 18th March 2024 Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here. You would be right in assuming that equality for women is less prevalent in Japan than it is in Australia. There are 200 listed companies on the Nikkei who don’t have a single female board…
…
continue reading
1
All eyes back on June with hopes of no payrolls surprise
17:05
17:05
Redă mai târziu
Redă mai târziu
Liste
Like
Plăcut
17:05
Friday 8tth March 2024 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB NAB’s Gavin Friend says you only need to look at the falls we’ve been experiencing in yields lately to recognise that there’s a renewed acceptance that rates will be cut, probably by the middle of the year, in the US and Europe. At th…
…
continue reading