NAB Morning Call
Episodes
A rare dull day
20 Nov 2022
Contributed by Lukas
Monday 21st November 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABFriday was unusually quiet, ...
Tighter than ever
17 Nov 2022
Contributed by Lukas
Friday 18th November 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABAnother 32 thousand Australi...
Back to betting on the Fed; no pause for RBA?
16 Nov 2022
Contributed by Lukas
Thursday 17th November 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThankfully, World War 3 wa...
A step too far
15 Nov 2022
Contributed by Lukas
Wednesday 16th November 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABJust as we pressed the re...
A slight reality check
14 Nov 2022
Contributed by Lukas
Tuesday 15th November 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABAfter the ebullient mood at...
False hopes?
13 Nov 2022
Contributed by Lukas
Monday 14th November 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThere was a trifecta of good...
A welcome relief
10 Nov 2022
Contributed by Lukas
Friday 11th November 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABUS core inflation dropped to...
Inflation Day
09 Nov 2022
Contributed by Lukas
Thursday 10th November 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABIt’s inflation day. The ...
Downturns, mid-terms, no u-turns
08 Nov 2022
Contributed by Lukas
Wednesday 9th NovemberNAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABUS equity markets have switched...
An end to China’s Zero COVID, or not?
07 Nov 2022
Contributed by Lukas
Tuesday 8th November 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABWe didn’t see the expected...
China scotches Zero COVID speculation, again
06 Nov 2022
Contributed by Lukas
Monday 7th November 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABIt seems likely we’ll see a...
A Tale of Two Britains
03 Nov 2022
Contributed by Lukas
Friday 4th November 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABIt could be the worst of time...
No Pivot from the Fed, but markets bounce about
02 Nov 2022
Contributed by Lukas
Thursday 3rd November 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABWho’d have thought that a...
Slow and steady wins the race
01 Nov 2022
Contributed by Lukas
Wednesday 2nd November 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe RBA has taken a slow a...
The Bank That Stops Inflation, eventually
31 Oct 2022
Contributed by Lukas
Tuesday 1st November 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABToday is the day of the race...
Will markets be spooked by scary central banks?
30 Oct 2022
Contributed by Lukas
Monday 31st October 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB US equity markets rose ...
ECB slowing to a crawl now? More recession and pivot talk.
27 Oct 2022
Contributed by Lukas
Friday 28th October 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe ECB raised rates by 75 ba...
Cries of ‘Pivot!’ as BoC slows hikes
26 Oct 2022
Contributed by Lukas
Thursday 27th October 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe Bank of Canada lifted r...
Why do so many expect the Fed to slow down?
25 Oct 2022
Contributed by Lukas
Wednesday 26th October 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABEquity markets and bonds h...
US rally, China’s slump, UK’s new PM
24 Oct 2022
Contributed by Lukas
Tuesday 25th October 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABIt's been a very mixed sessi...
Fed might ease off, Boris gone
23 Oct 2022
Contributed by Lukas
Monday 24th October 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe US finished the week with...
The battle for Britain
20 Oct 2022
Contributed by Lukas
Friday 21st October 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe UK is on the lookout for ...
Full reversal, for today
19 Oct 2022
Contributed by Lukas
Thursday 20th October 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABIt’s a very mixed day, bu...
A Bear Rally Amid Hopes (again) of an Inflation Peak
18 Oct 2022
Contributed by Lukas
Wednesday 19th October 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABEquity markets have manage...
Brits Big U Turn, America Buys the Dip
17 Oct 2022
Contributed by Lukas
Tuesday 18th October 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe UK government decided it...
Where does it end?
16 Oct 2022
Contributed by Lukas
Monday 17th October 2022NAB Markets Research DisclaimerFinancial Services Guide | Information on our services - NABUS Treasury yields rose higher stil...
Massive swings as US inflation stays high and UK ready for U-turn
13 Oct 2022
Contributed by Lukas
Friday 14th October 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABIt’s been a stormy night, with v...
Less jobs before Fed stops
12 Oct 2022
Contributed by Lukas
Thursday 13th October 2022NAB Markets Research DisclaimerFinancial Services Guide | Information on our services - NABThe BoE has been buying up more b...
Don't Panic Mr Bailey
11 Oct 2022
Contributed by Lukas
Tuesday 12th October 2022NAB Markets Research DisclaimerFinancial Services Guide | Information on our services - NABThe Bank of England has been buyin...
Gloomy and more uncertain
10 Oct 2022
Contributed by Lukas
Tuesday 11th October 2022NAB Markets Research DisclaimerFinancial Services Guide | Information on our services - NABThe latest title from to the IMF’...
Tight labour, hawkish banks, angry Putin
09 Oct 2022
Contributed by Lukas
Monday 10th October 2022NAB Markets Research DisclaimerFinancial Services Guide | Information on our services - NABThere was a strong market reaction ...
Less pivot hope, from Paris
06 Oct 2022
Contributed by Lukas
Friday 7th October 2022NAB Markets Research DisclaimerFinancial Services Guide | Information on our services - NABMarkets are still nervous. This morn...
Pivot talk killed by resilient services ISM read
05 Oct 2022
Contributed by Lukas
Thursday 6th October 2022NAB Markets Research DisclaimerFinancial Services Guide | Information on our services - NABYesterday’s vain hope of a pivot...
Markets jump on JOLTs and RBA surprise
04 Oct 2022
Contributed by Lukas
Wednesday 5th October 2022NAB Markets Research DisclaimerFinancial Services Guide | Information on our services - NABThere’s plenty of talk of a Fed...
Markets buoyed by bad news and caving in
03 Oct 2022
Contributed by Lukas
Tuesday 4th October 2022NAB Markets Research DisclaimerFinancial Services Guide | Information on our services - NABThere’s been a swift change of di...
No slowdown yet: Euro inflation and US core PCE
02 Oct 2022
Contributed by Lukas
Monday 3rd October 2022NAB Markets Research DisclaimerFinancial Services Guide | Information on our services - NABThe lasting effect from the UK’s m...
UK calmer, US stocks fall, yields rising on hawkish Fed & ECB
29 Sep 2022
Contributed by Lukas
Friday 30th September 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThings are calmer in the UK...
UK ticked off by IMF, whilst BoE goes back to QE
28 Sep 2022
Contributed by Lukas
Thursday 29th September 2022NAB Markets Research DisclaimerFinancial Services Guide | Information on our services - NABIt’s been quite a session in ...
US dollar and bond yields continue to rise, till when?
27 Sep 2022
Contributed by Lukas
Wednesday 28th September 2022NAB Markets Research DisclaimerFinancial Services Guide | Information on our services - NABA rising US dollar, yields pus...
Unruly Britannia
26 Sep 2022
Contributed by Lukas
Tuesday 27th September 2022NAB Markets Research DisclaimerFinancial Services Guide | Information on our services - NABThe pound fell to an all-time lo...
The pound hammered, will it last?
25 Sep 2022
Contributed by Lukas
Monday 26th September 2022NAB Markets Research DisclaimerFinancial Services Guide | Information on our services - NABThe UK budget that wasn’t a rea...
Central bank overload
22 Sep 2022
Contributed by Lukas
Friday 23rd September 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9Bond yiel...
0.75% hike by the Fed, no bluff
21 Sep 2022
Contributed by Lukas
Thursday 22nd September 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9No surp...
Fed to push higher, Putin pushing for referendums
20 Sep 2022
Contributed by Lukas
Wednesday 21st September 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9Bond y...
Fears the Fed will keep at it for a while yet
19 Sep 2022
Contributed by Lukas
Tuesday 20th September 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9It was a...
Prepare for a volatile week of Banks and Holidays
18 Sep 2022
Contributed by Lukas
Monday 19th September 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9It’s a ...
Heading higher and taking longer
15 Sep 2022
Contributed by Lukas
Friday 16th September 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9Front end...
The day after. No big bounce.
14 Sep 2022
Contributed by Lukas
Thursday 15th September 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9Yesterd...
Peak inflation, not yet
13 Sep 2022
Contributed by Lukas
Wednesday 14th September 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9Market...
The risk of rising risk sentiment
12 Sep 2022
Contributed by Lukas
Tuesday 13th September 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9Risk sen...
Fed still pushing, BoE pushes back, EU struggling for answers
11 Sep 2022
Contributed by Lukas
Monday 12th September 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9Curiously...
Yields rising as ECB lifts rates and Fed prepares for a big one
08 Sep 2022
Contributed by Lukas
Friday 9th September 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9Even though a big hi...
Bigger hopes of smaller hikes to come
07 Sep 2022
Contributed by Lukas
Thursday 8th September 2022 View our disclaimer and terms of use: nab.co/3shJyyp View our NAB Financial Services Guide: nab.co/3rvJtI9 There were big ...
More work for the Fed, UK’s massive Truss Fund
06 Sep 2022
Contributed by Lukas
Wednesday 7th September 2022 View our disclaimer and terms of use: nab.co/3shJyyp View our NAB Financial Services Guide: nab.co/3rvJtI9 There was a st...
UK and Europe move from bad to worse, RBA today
05 Sep 2022
Contributed by Lukas
Tuesday 6th September 2022 View our disclaimer and terms of use: nab.co/3shJyyp View our NAB Financial Services Guide: nab.co/3rvJtI9 It’s RBA day t...
Putin ends Goldilocks moment
04 Sep 2022
Contributed by Lukas
Monday 5th September 2022 View our disclaimer and terms of use: nab.co/3shJyyp View our NAB Financial Services Guide: nab.co/3rvJtI9 There was a short...
Will strong jobs numbers add to the Fed’s battle tonight?
01 Sep 2022
Contributed by Lukas
Friday 2nd September 2022 View our disclaimer and terms of use: nab.co/3shJyyp View our NAB Financial Services Guide: nab.co/3rvJtI9 We know the world...
Euro inflation high, pound heading back to the pleasure dome
31 Aug 2022
Contributed by Lukas
Thursday 1st September 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9Euro area inflatio...
More good news, that’s actually bad news
30 Aug 2022
Contributed by Lukas
Wednesday 31st August 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9The US jobs market ...
Aussie yields push higher after July’s shopping bonanza
29 Aug 2022
Contributed by Lukas
Tuesday 30th August 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9Bond yields in Austra...
Fickle equity investors respond to unsurprising Powell comments
28 Aug 2022
Contributed by Lukas
Monday 29th August 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9We knew Jerome Powell ...
Peering into Jackson hole
25 Aug 2022
Contributed by Lukas
Friday 26th August 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9There’s unlikely to ...
Dire Straits for UK and Europe
24 Aug 2022
Contributed by Lukas
Thursday 25th August 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9Ukraine has just cel...
Business activity falls, but not enough to slow the Fed
23 Aug 2022
Contributed by Lukas
Wednesday 24th August 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9It’s that time of...
Markets respond as European gas prices push ever higher
22 Aug 2022
Contributed by Lukas
Tuesday 23rd August 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9The US dollar has ris...
Shopping to the very end
21 Aug 2022
Contributed by Lukas
Monday 22nd August 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9Markets seem to have g...
Fed still trying to show they won’t give in
18 Aug 2022
Contributed by Lukas
Friday 19th August 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9Bond markets have been...
UK’s sticker shock inflation drives caution
17 Aug 2022
Contributed by Lukas
Thursday 18th August 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9Inflation clearly is...
Retail, wages and RBNZ
16 Aug 2022
Contributed by Lukas
Wednesday 17th August 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9Central banks conti...
Slow boat from China
15 Aug 2022
Contributed by Lukas
Tuesday 16th August 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9The Aussie dollar has...
A positive outlook, apart from the downturn
14 Aug 2022
Contributed by Lukas
Monday 15th August 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9There was a lot more p...
Not convinced by the Fed
11 Aug 2022
Contributed by Lukas
Friday 12th August 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9Markets are still beha...
False hope on easing inflation?
10 Aug 2022
Contributed by Lukas
Thursday 11th August 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9US inflation numbers...
Inflation Day
09 Aug 2022
Contributed by Lukas
Wednesday 10th August 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9The long-awaited US...
Markets in limbo
08 Aug 2022
Contributed by Lukas
Wednesday 9th August 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9Markets are a bit in...
US jobs market too hot for the Fed?
07 Aug 2022
Contributed by Lukas
Monday 8th August 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9The US non-farm payroll...
Uncertainty reigns, except in Britain. It’s just grim there.
04 Aug 2022
Contributed by Lukas
Friday 5th August 2022Markets continue to be pulled in two directions. Is inflation peaking with the hope of a soft landing? Or is there more to come,...
The quick path to credible disinflation and other stories
03 Aug 2022
Contributed by Lukas
Thursday 4th August 2022Nancy Pelosi has moved on from Taiwan and taken the cautious sentiment with her. Instead, very positive ISM services numbers i...
Pelosi in Taiwan, Fed nowhere near almost done
02 Aug 2022
Contributed by Lukas
Wednesday 3rd August 2022There has been some market caution this morning as Nancy Pelosi arrives in Taiwan, much to the disgust of China. Her rhetoric...
Recession signs, RBA to hike, grains from Odessa
01 Aug 2022
Contributed by Lukas
Tuesday 2nd August 2022There were further signs of a looming recession, with the US manufacturing ISM weakening, the Caixin Manufacturing PMI also low...
No inflation slowdown, just wishful thinking
31 Jul 2022
Contributed by Lukas
Monday 1st August 2022For those hoping that inflation was peaking (anywhere), then Friday didn’t bring good news. PCE numbers in the US are rising, ...
When is a recession not really a recession?
28 Jul 2022
Contributed by Lukas
Friday 29th July 2022US GDP fell by 0.9 percent in Q2. On top of the 1.6 percent fall in Q1 that meets the technical definition of a recession. But Je...
Fed hikes 75bp, no forward guidance
27 Jul 2022
Contributed by Lukas
Thursday 28th July 2022The FOMC has met, they’ve pushed rates up 75 basis points and, whilst Jerome Powell said there would be no forward guidance, ...
Shares down as consumers focus on the essentials
26 Jul 2022
Contributed by Lukas
Wednesday 27th July 2022There gave been sizeable falls in US equities, mainly stemming from a cut to Walmart’s profit estimates. NAB’s Tapas Stric...
Then there was one (turbine)
25 Jul 2022
Contributed by Lukas
Tuesday 26th July 2022From Wednesday one of two operating turbines on the Nordstream pipeline will be switched off, effectively halving the existing s...
Softer data, harder RBA
24 Jul 2022
Contributed by Lukas
Monday 25th July 2022PMI numbers were much weaker than expected on Friday, particularly for US services, which fell quickly into a contractionary read...
ECB makes it to zero
21 Jul 2022
Contributed by Lukas
Friday 22nd July 2022As we predicted the ECB lifted interest rates by 50 basis points yesterday, up to zero percent. NAB’s Ken Crompton says this wa...
Gas will trickle, Draghi will go, ECB will hike
20 Jul 2022
Contributed by Lukas
Thursday 21st July 2022There’s some confidence in the markets this morning, despite what seems to be a compendium of bad news for Europe. NAB’s Ga...
Markets set for a tougher ECB
19 Jul 2022
Contributed by Lukas
Wednesday 20th July 2022Markets are preparing for a big rate rise by the ECB tomorrow. NAB’s Rodrigo Catril says they are hiking when the expectatio...
Oil rises as Saudi’s don’t budge, gas to Europe unlikely this week
18 Jul 2022
Contributed by Lukas
Tuesday 19th July 2022The resumption in gas supplies to Europe could well be delayed, but perhaps Russia has a legitimate reason. A bigger move this m...
A Good Friday but a crunch week for Europe
17 Jul 2022
Contributed by Lukas
Monday 18th July 2022US equities rallied on Friday as data releases showed some resilience in the economy, but is it enough to stave off recession? Pr...
Aussies Take Up Jobs as Draghi Tries to Quit
14 Jul 2022
Contributed by Lukas
Friday 15th July 2022In a week of surprises (US CPI and labour market data, Canada’s interest rate rise, China’s lockdowns and the US$-Euro parity...
US Inflation rises and surprises, everything is in play
13 Jul 2022
Contributed by Lukas
Thursday 14th July 2022US inflation has picked up more than expected, rising 9.1% in the year to June. The Fed’s Raphael Bostic said later that “e...
Freaking out over inflation
12 Jul 2022
Contributed by Lukas
Wednesday 13th July 2022There’s no let-up when it comes to the downward expectations around the health of the global economy. US bond yields inverte...
China flares up, Putin flexes more, US Dollar pushes higher
11 Jul 2022
Contributed by Lukas
Tuesday 12th July 2022There’s a more cautious tone in the markets today, with US equities falling, bond prices rising, and the US dollar continuing ...
Healthy jobs data bad news for the economy
10 Jul 2022
Contributed by Lukas
Monday 11th July 2022It is a bit weird that positive US jobs data would be seen as heightening the expectations of a recession, but that seems to be t...
A glimmer of hope, except for Boris
07 Jul 2022
Contributed by Lukas
Friday 8th July 2022There have been slightly less recession concerns in the US overnight, with equities and commodity prices pushing higher and 10 yea...
Significant risk, still?
06 Jul 2022
Contributed by Lukas
Thursday 7th July 2022The FOMC minutes are out, pointing to significant risk if inflation isn’t nipped in the bud. Markets are taking this as a sign...
Oil Dives, Bonds Rally as Recession Fears grow
05 Jul 2022
Contributed by Lukas
Wednesday 6th July 2022The Euro is getting closer to parity with the US dollar. In today’s podcast NAB’s Skye Masters points out that the Markets ...
Australia, faring better than most, but big hike still expected
04 Jul 2022
Contributed by Lukas
Tuesday 5th July 2022The RBA meets today and the NAB expectation is that they will lift interest rates by 50 basis points. Phil asks NAB’s Tapas Str...