NAB Morning Call
Episodes
Trump’s Last Stand; PMI’s Galore Today
22 Oct 2020
Contributed by Lukas
Friday 23rd October 2020In a few hours Joe Biden and Donald Trump go head to head in the last election debate. NAB's Gavin Friend says equities have p...
Look Who’s Talking (x2)
21 Oct 2020
Contributed by Lukas
Monday 22nd October 2020Talks are back on. Safter setting a deadline of Tuesday, Nancy Pelosi is continuing talks with the Republicans with a view to ...
Still wishing and hoping on stimulus deal
20 Oct 2020
Contributed by Lukas
Wednesday 21st October 2020Equities are higher in the US again today. NAB’s Tapas Strickland says it is largely on the back of continued hope that a...
Deal or No Deal, transatlantic edition
19 Oct 2020
Contributed by Lukas
Tuesday 20th October 2020Markets are waiting to see the outcome of two on again off again decisions, both with sizeable economic consequences. Boris J...
A calm Friday, but it could be a volatile week
18 Oct 2020
Contributed by Lukas
Monday 19th October 2020After a fairly volatile week markets were calmer on Friday on the back of positive retail numbers from the US. NAB’s Rodrigo...
Risk off mood as virus cases rise, Lowe’s dovishness hits bond yields
15 Oct 2020
Contributed by Lukas
Friday 16th October 2020There’s a strong risk off mood in the air, which has pushed the US dollar higher and hit stocks. Phil Dobbie asks NAB’s Ga...
Trump talks it up. Will Lowe talk it down?
14 Oct 2020
Contributed by Lukas
Thursday 15th October 2020Philip Lowe, the Governor of the RBA, is talking this morning. NAB’s David de Garis tells us what to expect in terms of si...
The Aussie Coal Ban and Earnings Caution
13 Oct 2020
Contributed by Lukas
Wednesday 14th October 2020The Aussie dollar has taken a hit twice in the last twenty-four hours. NAB’s Rodrigo Catril says the first hit came on re...
Barrett Trumps Stimulus on Columbus Day
12 Oct 2020
Contributed by Lukas
Tuesday 13th October 2020The US senate is seemingly preoccupied with pushing through Amy Coney Barrett as Supreme Court nominee, casting aside any ban...
US dollar sinks along with Trumps hopes
11 Oct 2020
Contributed by Lukas
Monday 12th October 2020The US dollar hit a two and a half year low on Friday, whilst the Chinese Yuan showed big gains. NAB’s Tapas Strickland said...
Markets cling on to stimulus hopes, but maybe after a Biden victory
08 Oct 2020
Contributed by Lukas
Friday 9th October 2020Donald Trump continues to talk about a stimulus deal, even though he said it had been shelved. But NAB’s David de Garis recko...
Markets bounce back on piecemeal stimulus hopes
07 Oct 2020
Contributed by Lukas
Thursday 8th October 2020There’s been a market rebound on the hope that some sort of stimulus deal in the US is still possible before the election, ...
Markets take a hit as Trump ditches stimulus talks
06 Oct 2020
Contributed by Lukas
Wednesday 7th October 2020There’s been a strong reaction in the equity and currency markets to Donald Trump’s sudden decision to stop talks about ...
Don’t be Afraid of COVID
05 Oct 2020
Contributed by Lukas
Tuesday 6th October 2020As the President prepares to leave for the White House there’s still hope that a deal will be reached to pass version 2 of t...
One big October surprise
04 Oct 2020
Contributed by Lukas
Monday 5th October 2020Friday was certainly a gamechanger. The US President went into hospital without a clear picture of his condition. Now, it seems...
Fiscal stalemate and long tunnel vision
01 Oct 2020
Contributed by Lukas
Friday 2nd October 2020Equities in the US rose overnight despite a stalemate on the fiscal stimulus package. Optimists insist there is some hope that ...
Strong US data with no room for chicken lickens
30 Sep 2020
Contributed by Lukas
Thursday 1st October 2020No sell off in equities after that yelling match that was apparently a presidential election debate. In fact, equities have b...
No more heroes anymore
29 Sep 2020
Contributed by Lukas
Wednesday 30th September 2020Despite a big jump in confidence in the Conference Board numbers for the US, there’s not much optimism in the markets ...
Taxing issues don’t hold back risk sentiment
28 Sep 2020
Contributed by Lukas
Tuesday 29th September 2020US and European equities rose sharply, with rising confidence seeing a fall in the US dollar and a rise in the Aussie. The ...
Courting support ahead of election debates
27 Sep 2020
Contributed by Lukas
Monday 28th September 2020COVID19 cases continue to rise in Europe, with numbers in the UK and France now well above the first wave. Yet, whilst there...
Are bailouts bygones?
24 Sep 2020
Contributed by Lukas
Friday 25th September 2020Equities were rising again in the US overnight on the hopes that a stimulus deal would be struck between the GOP and Democra...
Aussie dollar dips lower as risk sentiment rises
23 Sep 2020
Contributed by Lukas
Thursday 24th September 2020NAB had forecast that the Aussie dollar would reach 74 US cents by the end of the year. It did earlier this month but, as ...
Powell asks for support, Debelle hints at easing, NAB revises rates forecasts
22 Sep 2020
Contributed by Lukas
Wednesday 23rd September 2020In the US Jerome Powell spelt out very clearly in his testimony before Congress that more fiscal stimulus was needed and ...
Equities fall, bond yields weaken, virus concerns rise
21 Sep 2020
Contributed by Lukas
Tuesday 22nd September 2020Concerns over the impact if a second wave in the US and Europe seem to be gathering momentum, driving investors to governme...
Now, a word from your central bank
20 Sep 2020
Contributed by Lukas
Monday 21st September 2020As COVID-19 cases rise in many parts of the world, and more restrictive measures likely in the UK and Europe, there’s the ...
Equites fall again, BoE talks negative rates
17 Sep 2020
Contributed by Lukas
Friday 18th September 2020It’s been a topsy turvy session overnight, that’s seen equities slide even though a day ago the FOMC was signalling year...
Fed says three years near zero
16 Sep 2020
Contributed by Lukas
Thursday 17th September 2020US interest rates will be lower for longer – that’s the takeout from today’s FOMC meeting. So, what are the implicat...
China shops, RBA waits, FOMC meets
15 Sep 2020
Contributed by Lukas
Wednesday 16th September 2020Equities are on the rise again in the US. NAB’s Gavin Friend says it has been driven by a flurry of M&A activity, along...
Pfizer vaccine by year end and more easing by the RBA?
14 Sep 2020
Contributed by Lukas
Tuesday 15th September 2020Shares climbed in the US today on the hope that Pfizer will have a vaccine ready by the end of the year. It’s a promise m...
Six months on, a still uncertain future
13 Sep 2020
Contributed by Lukas
Monday 14th September 2020It’s just over six months since the COVID-19 pandemic was declared and we’re all still unsure about how it will all end....
Pound pummelled as UK EU relationship turns sour
10 Sep 2020
Contributed by Lukas
Friday 11th September 2020The pound lost further ground today as the EU objected to a new government bill that would unilaterally overturn the Withdra...
Equities bounce back ahead of ECB meeting
09 Sep 2020
Contributed by Lukas
Thursday 10th September 2020There’s been a rebound in risk sentiment which NAB’s Tapas Strickland has been driven by a buy-the-dip mentality, with...
US equities hit again, Boris and Donald play tough guys
08 Sep 2020
Contributed by Lukas
Wednesday 9th September 2020US equities have had a third session with substantial falls. NAB’s Gavin Friend says the damage is largely confined to t...
Brexit Brinkmanship and the Melbourne effect
07 Sep 2020
Contributed by Lukas
Tuesday 8th September 2020A drop in the pound was the only significant market move today, driven by threats from Boris Johnson to walk away in mid-Oct...
US jobs coming back, but harder from here
06 Sep 2020
Contributed by Lukas
Monday 7th September 2020US jobs data on Friday helped the equities market to regain a little composure as it fell for the second day. It also saw Tre...
Sobering up; equities hit, Aussie dollar slides ahead of a slow recovery
03 Sep 2020
Contributed by Lukas
Friday 4th September 2020There have been massive falls in US equities, particularly tech stocks. NAB’s David de Garis says thin trading in summer ca...
A slower recovery than hoped for? Yet equities still rise.
02 Sep 2020
Contributed by Lukas
Thursday 3rd September 2020The US dollar managed a slight recovery in the overnight session, which has also seen continued growth in US equities, echo...
Europe’s prices drop, US shares rise, Aussie GDP today
01 Sep 2020
Contributed by Lukas
Wednesday 2nd September 2020Deflation in Europe comes as no surprise, just as the shift in the Fed’s monetary policy seems likeold news, but NAB’s...
Aussie dollar flying high, US equities stall
31 Aug 2020
Contributed by Lukas
Tuesday 1st September 2020The Australian and NZ dollars reached two-year highs in the overnight session, with the US dollar declining further. Phil Do...
US dollar falls as Fed’s policy sinks in
30 Aug 2020
Contributed by Lukas
Monday 31st August 2020NAB’s Ray Attrill says the US dollar bore the brunt of Friday’s reflective thinking on Jerome Powell’s Jackson Hole speec...
Powell’s average address
27 Aug 2020
Contributed by Lukas
Friday 28th August 2020Jerome Powell used his virtual address to the Jackson Hole Symposium to announcer the Fed’s strategy of targeting an ‘avera...
High winds, high hopes and higher equities
26 Aug 2020
Contributed by Lukas
Thursday 27th August 2020There’s continued optimism in the markets, with equities reaching new highs again, helped on by better than expected durabl...
Choppy waters, with a flash of hope for Germany
25 Aug 2020
Contributed by Lukas
Wednesday 26th August 2020The US dollar is down again this morning, with equities up and touching new highs again. More significantly, we’ve seen si...
Looking on the bright side of life
24 Aug 2020
Contributed by Lukas
Tuesday 25th August 2020US equities reached new highs again, with big gains also in Europe. NAB’s Rodrigo Catril says investors are back to reacting...
Europe slows down, Trump’s vaccine plans speed up
23 Aug 2020
Contributed by Lukas
Monday 24th August 2020Europe’s PMI’s disappointed markets on Friday, whereas the US numbers were better than expected, helping to lift equities t...
Equity highs, then PMIs
20 Aug 2020
Contributed by Lukas
Friday 21st August 2020US equities continue to rise, even though the jobless claims numbers rose last week. Phil Dobbie asks NAB’s Gavin Friend, at ...
FOMC minutes fail to map out direction
19 Aug 2020
Contributed by Lukas
Thursday 20th August 2020There’s no doubt about it, there was disappointment from investors after the minutes of the recent FOMC meeting were releas...
Stocking up and moving up
18 Aug 2020
Contributed by Lukas
Wednesday 19th August 2020US stocks continue to rise to record highs, helped today by strong housing starts and building permits. Phil Dobbie asks NAB...
Aussie flies higher, US equities higher still
17 Aug 2020
Contributed by Lukas
Tuesday 18th August 2020The US dollar continues to fall, pushing the Aussie dollar higher this morning. The dovish tone set by the RBNZ – plus a del...
Longer lockdowns, no trade talks, Democrats swing into action
16 Aug 2020
Contributed by Lukas
Monday 17th August 2020Lockdowns have been extended in Victoria and Auckland, even as COVID-19 cases ease. But, NAB’s Rodrigo Catril, says hotspots ...
Jobs, stimulus and bond yields
13 Aug 2020
Contributed by Lukas
Friday 14th August 2020Jobs data is confusing right now. How much is it influenced by government stimulus activity? Well, not much in the US right now...