NAB Morning Call

Friday 23rd October 2026 Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here . In this Weekend Edition, Phil speaks with Erin Leigh Brown, co-author of the Grattan Institute's landmark report Budget Reboot: How to Fund Australia's Future . They break down Grattan's controversial proposed tax reform pa...

Friday 23rd October 2026 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB Phil is joined by NAB's Gavin Friend to analyse a sharp risk-off session across global markets, driven by tech valuation worries and ongoing Middle East energy supply disruptions. US equities fell heavily—led by a 2.7% drop in the Nasdaq following Meta’s increased capital expen...

Thursday 22nd October 2026 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB Phil and NAB's Taylor Nugent discuss how market sentiment around AI is rebounding following strong Q3 earnings from SpaceX, even as local infrastructure bottlenecks loom large—highlighted by NextDC's 42% stock plunge following delays to its Melbourne data centre rollout....

Wednesday 21st October 2026 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB NAB's Skye Masters joins Phil to break down a highly volatile session where investors remain caught between geopolitical oil shocks and European political instability. Crude oil touched a five-month high near $112 a barrel before pulling back to hover around $108 for Brent....

Monday 19th October 2026 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB NAB’s Sally Auld joins Phil to navigate a session defined by rising global bond yields, with US 10-year Treasuries up 7 basis points to 5.15% and French 10-year yields jumping 13 basis points amid worsening social unrest and local curfew proposals. US equities pulled off a tech-led...

Monday 19th October 2026 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB Phil talks to NAB’s Rodrigo Catril about this morning’s volatile backdrop for global financial markets, driven by tech sentiment, geopolitical pivots, and domestic unrest. Equity markets ended the week under pressure, led by a 2.1% drop in the Nasdaq on Friday as investors focused...

Friday 16th October 2026 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 Phil speaks with Tom Jensen, Head of International Freight & Logistics at the Freight & Trade Alliance (FTA), to unpack the relentless disruptions hitting global sea freight. From post-COVID supply chain adjustments a...

Friday 16th October 2026 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB NAB’s Ken Crompton joins Phil after a turbulent 24 hours across global and domestic markets. Investors pulled capital out of the tech sector amid rising concerns over AI-related corporate debt and capital spending, driving a safe-haven rally into US Treasuries that pushed 10-year y...

Thursday 15th October 2026 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB NAB's Taylor Nugent joins Phil to break down the market fallout from higher-than-expected US CPI data, where headline inflation reaccelerated to 3.7%. The surprise print triggered an immediate knee-jerk reaction across asset classes—sending the US Dollar Index up half a perce...

Wednesday 14th October 2026 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB In today's episode, Phil Dobbie and NAB Senior FX Strategist Ray Attrill unpack a challenging economic picture as global inflation pressures and tight monetary policy weigh on market sentiment. Domestically, the NAB Business Survey highlighted a sharp drop in business confid...

Tuesday 13th October 2026 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB Semiconductor stocks are taking a beating as competition from China and internal US pressures weigh heavily on tech, while oil prices continue their climb as the Middle East conflict flares and the energy ceasefire fails to hold. NAB's Rodrigo Catril joins Phil to break down t...

Monday 12th October 2026 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB A fresh escalation of Middle East conflict is overshadowing energy markets after Houthi attacks on Riyadh’s airport, clashing with President Trump's announced US-Russia diesel agreement and reported Russia-Ukraine energy ceasefire. On today’s edition of the NAB Morning Call, Ph...

Friday 9th October 2026 Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here . Australia’s housing market continues to present a puzzling contradiction: despite record-low vacancy rates and a severe structural shortage of housing, rental price growth has stalled—and in major cities like Sydney and Canberra, house...

Friday 9th October 2026 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB Risk-off sentiment dominated global markets as geopolitical tensions flared in the Persian Gulf. On today’s edition of the NAB Morning Call, NAB’s Ken Crompton joins Phil to discuss a turbulent session sparked by an attack on an oil tanker near Qatar, which sent Brent crude surging...

Friday 2nd October 2026 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB Oil drifts lower, French yields rocket, and the FOMC minutes reveal a Federal Reserve that is far from done worrying about inflation. Phil is joined by NAB’s Ray Attrill who says the newly released FOMC minutes are a little more dovish than anticipated, whilst the NY Fed’s consume i...

Wednesday 7th October 2026 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB The S&P 500 has notched its first fresh all-time high since August, supported by optimism ahead of the Q3 earnings season and steadying US Treasury yields. On today’s edition of the NAB Morning Call, Phil is joined by NAB’s Gavin Friend to dissect the market moves—starting wi...

Tuesday 6th October 2026 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB US equity markets kicked off the week with solid gains as the tech sector pushed higher, but fixed income markets continued to grapple with elevated yields as US 10-year Treasuries pushed up to 5.34%. Following a long weekend in parts of Australia, Phil Dobbie and NAB's Taylor...

Friday 25th September 2026 Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here . As artificial intelligence rapidly transforms from a speculative tech trend into the primary driver of global market returns, how are institutional investors actually positioning their capital for the road ahead? This Phil Dobbie sit...

Friday 2nd October 2026 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB France's escalating budget woes and fiscal watchdog criticism have sent sovereign bond markets into a tizzy, causing French-German yield spreads to widen sharply. On today's edition of the NAB Morning Call, Phil Dobbie and NAB's Ken Crompton break down these mixed global...

Thursday 1st October 2026 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB Global financial markets are navigating a sharp divergence between the US and Europe, driven entirely by conflicting inflation trends. On today’s edition of the NAB Morning Call, Phil Dobbie speaks with NAB’s Skye Masters to unpack why resilient US economic data, cooler-than-expec...

Wednesday 30th September 2026 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB Following the Reserve Bank of Australia’s unanimous decision to raise the cash rate by 25 basis points to 4.60%, market attention has shifted to Governor Michele Bullock’s post-meeting press conference. NAB's Taylor Nugent says her commentary hinted that the RBA may be ret...

Tuesday 29th September 2026 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB As crude oil holds above $105 a barrel and US 10-year Treasury yields surge to 5.24%, markets are grappling with how much further central banks can push policy rates to restrain persistent inflation. On today’s podcast Phil talks with NAB Chief Economist Sally Auld ahead of the...

Monday 28th September 2026 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB Donald Trunp has knocked back Iran’s proposal that could have seen the Strait of Hormuz reopen within seven-days. Instead, the US President believes economic sanctions will ultimately have the desired outcome. So, does that mean oil prices will bounce higher this morning? NAB’s R...

Friday 25th September 2026 Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here . The hipsters live inside the goat’s cheese curtain before they start a family and move to the burbs in search of their quarter acre block. That’s the traditional pattern of life in Australia, but demographer Bernard Salt, from the De...

Friday 25th September 2026 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB The "V" word is firmly back on the agenda as geopolitical friction, soaring energy prices, and relentless sovereign yield pressures inject fresh ‘volatility’ across global markets. This morning Phil and NAB’s Taylor Nugent break down the forces driving crude oil back ov...