NAB Morning Call
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.
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- Update frequency
- every day
- Average duration
- 16 minutes
- Episodes
- 1335
- Years Active
- 2020 - 2025
Uncertainty reigns, except in Britain. It’s just grim there.
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, forcing central banks to lift rates high enough …
00:16:48 |
Thu 04 Aug 2022
The quick path to credible disinflation and other stories
Thursday 4th August 2022Nancy Pelosi has moved on from Taiwan and taken the cautious sentiment with her. Instead, very positive ISM services numbers in the US, and James Bullard talking about how the…
00:15:51 |
Wed 03 Aug 2022
Pelosi in Taiwan, Fed nowhere near almost done
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 has been confrontational too, so what is the pur…
00:16:52 |
Tue 02 Aug 2022
Recession signs, RBA to hike, grains from Odessa
Tuesday 2nd August 2022There were further signs of a looming recession, with the US manufacturing ISM weakening, the Caixin Manufacturing PMI also lower and retail sales in Germany falling the most i…
00:17:07 |
Mon 01 Aug 2022
No inflation slowdown, just wishful thinking
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, Europe’s CPI is climbing higher, whilst manufacturi…
00:18:36 |
Sun 31 Jul 2022
When is a recession not really a recession?
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 Jerome Powell and Janet Yellen are keen to point ou…
00:15:29 |
Thu 28 Jul 2022
Fed hikes 75bp, no forward guidance
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, he has hinted at another big rise next time. Of cou…
00:17:20 |
Wed 27 Jul 2022
Shares down as consumers focus on the essentials
Wednesday 27th July 2022There gave been sizeable falls in US equities, mainly stemming from a cut to Walmart’s profit estimates. NAB’s Tapas Strickland explains how the rising price of food is leavin…
00:14:53 |
Tue 26 Jul 2022
Then there was one (turbine)
Tuesday 26th July 2022From Wednesday one of two operating turbines on the Nordstream pipeline will be switched off, effectively halving the existing supply, taking gas provision to Europe down to 20 …
00:15:37 |
Mon 25 Jul 2022
Softer data, harder RBA
Monday 25th July 2022PMI numbers were much weaker than expected on Friday, particularly for US services, which fell quickly into a contractionary read of 47.1. The composite read for Europe also fell…
00:17:20 |
Sun 24 Jul 2022
ECB makes it to zero
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 was more than markets had expected and explains there…
00:17:57 |
Thu 21 Jul 2022
Gas will trickle, Draghi will go, ECB will hike
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 Gavin Friend says gas prices have fallen because Vladim…
00:15:15 |
Wed 20 Jul 2022
Markets set for a tougher ECB
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 expectation is that the Nordstream pipeline won’t fully reope…
00:17:06 |
Tue 19 Jul 2022
Oil rises as Saudi’s don’t budge, gas to Europe unlikely this week
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 morning has been the rise in the price of oil whic…
00:15:22 |
Mon 18 Jul 2022
A Good Friday but a crunch week for Europe
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? Probably not, says NAB’s Tapas Strickland on today’…
00:16:51 |
Sun 17 Jul 2022
Aussies Take Up Jobs as Draghi Tries to Quit
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), yesterday saw a sharp fall in Australia’s unemploy…
00:17:28 |
Thu 14 Jul 2022
US Inflation rises and surprises, everything is in play
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 “everything was in play” when it came to a July rate ri…
00:17:09 |
Wed 13 Jul 2022
Freaking out over inflation
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 inverted further, suggesting a heightening of recession ex…
00:16:56 |
Tue 12 Jul 2022
China flares up, Putin flexes more, US Dollar pushes higher
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 on the up and up. Sentiment hasn’t been helped toda…
00:16:09 |
Mon 11 Jul 2022
Healthy jobs data bad news for the economy
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 the case. As NAB’s Ray Attrill explains on today’s…
00:15:45 |
Sun 10 Jul 2022
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