NAB Morning Call

Monday11th November 2024 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Markets might be waiting for signs of the speed and magnitude of Trump’s expected import tariffs, but NAB’s Tapas Strickland says businesses are already indicating their response - building up inventories in the US whilst they determine as they consider whether to mov...

Friday 8th November 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 faces a rising tide of homelessness as rents push higher, out of the reach of many lower income earners. According to Rebecca Pinkstone, chief executive of Homes NSW, in her state alone there are 57,000 people...

Friday 8th November 2024 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB The Fed cut rates as expected today by 25bp, after the big 50bp cut last time. But there’s one more meeting scheduled before Christmas and JBWere’s Sally Auld says markets are evenly split as to whether that’ll mean another cut this year. The message from the Fed...

Thursday 7th November 2024 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB There is a Trump trade after all, and we just saw it. The US dollar rising, bond yields in the US pushing higher, US equities higher at the expense of equity markets elsewhere. NAB’s Gavin Friend joins Phil to talk through the market response to the US Presidential...

Wednesday 6th November 2024 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Polls start closing in the next few hours. NAB’s Taylor Nugent says Virginia, which closes late morning Australia time, was called by Associated Press within 36 minutes last time. So, we could start to get a picture of how each candidate is faring by lunchtime...

Tuesday 5th November 2024 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Markets have responded to a poll over the weekend which showed a swing in favour of Kamala Harris in Iowa. It was driven, apparently, by more older women expressing a preference. NAB’s Tapas Strickland says Iowa isn’t normally considered a swing state, so there is th...

Monday 4th November 2024 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Mid-morning Wednesday Australia time the polls close in the US and soon after, hopefully, the world will know the choice made from two very different political and economic agendas. NAB’s Ray Attrill says this uncertainty is showing through in the data. It’s been blam...

Friday 1st November 2024 Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here . Australian house prices have defied logic. Core Logic’s Eliza Owen says when interest rates rise you should see asset prices come down. In theory. Yet the last rate rise, in November last year, coincided with a fresh record high in hom...

Friday 1st November 2024 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Some big market moves overnight, with sharp falls in US equities.  Markets are clearly not impressed with the forecasts that came with the strong earnings results this week. In the UK bond yields are markedly higher, particularly at the front end. NAB’s Skye...

Thursday 31st October 2024 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB There were a few reasons for central banks to be cautious about the speed of the cuts to interest rates. Europe is growing a little faster than expected, whilst German inflation kicked back up a little. Whilst US GDP is weaker it is being held up by strong leve...

Wednesday 30th October 2024 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Something for everyone today. On the jobs front US openings are down, whilst unemployment in Japan fell. On growth we have the US GDP number today, after the Atlanta Fed’s GDP Now forecast for Q3 was revised down.  Europe’s GDP numbers are released today...

Tuesday 29th October 2024 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB As suggested yesterday oil prices fell sharply in this session as markets breathed a collective sigh of relief that the Middle East war didn’t escalate further after the Israeli attack on Iran. NAB’s Tapas Strickland joins Phil to explain the continued rise in b...

Monday 28th October 2024 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB After that leap in margins for Tesla last week, all eyes will be on a plethora of big-tech earnings this week. NAB’s Rodrigo Catril says it could be a volatile week, with the VIX index pushing over 20 on Friday. It’s been a busy weekend with the Japanese election unli...

Friday 18th October 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 are neck and neck in the polls, so the US election could go either way, although markets are responding, to an extent, to betting odds which are showing Trump is the clear winner. The ABC’s John Barron reckons you have to be caref...

Friday 25th October 2024 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB There have been small moves up and down in the latest PMIs. Germany saw a slight rise in services and manufacturing, but the Europe wide services number fell slightly. And the UK’s star has dimmed a little, as its manufacturing fell quite sharply, alongside a drop in...

Thursday 24th October 2024 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB It’s been another session of a rising US dollar, yields climbing a little and falling equities. Nab’S Ken Crompton says there have been some weak earnings results that are adding to cautions in the share market. The Bank of Canada cut rates by 50bp, as expected...

Wednesday 23rd October 2024 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB What do markets do when there’s no big data releases and a slump in earnings results of interest? Not much is the answer. Phil talks to JBWere’s Sally Auld about another quiet session, with markets clearly hesitant about the US election, the pace of Fed easing and...

Tuesday 22nd October 2024 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Some curious market moves this season with very little around in terms of data. So, with no hard facts to drive he agenda, what’s going on? Phil asks whether, as the election in the US draws nearer, whether we are seeing more indications of a developing Trump trade....

Monday 21st October 2024 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB China’s CSI300 rose sharply on Friday. There was some positive data released, although in general the picture shows an economy that is slowing, held back by falling house prices. NAB’s Rodrigo Catril says the interest in shares on Friday was driven by policies aimed a...

Friday 18th October 2024 Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here . NAB is in the thick of it, along with the rest of corporate Australia, and the government, fighting cyber-crime. This month is cyber-crime month and the message for consumers is clear - keep devices and software up to date, use strong...

Friday18th October 2024 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB The ECB has cut rates with Christine Lagarde saying the disinflationary process is on track. NAB’s Gavin Friend says since the last meeting inflation has come down, and lower growth will be giving the bank confidence that it will continue in that direction. Nonetheless...

Thursday 17th October 2024 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Inflation is slowing faster than expected in the UK. Phil asks NAB’s Ken Crompton whether this means the Bank of England could cut twice before Christmas? Markets have fully priced a cut from the ECB later today, the question is, what next and when? Australian emplo...

Wednesday 16th October 2024 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB There were sizeable moves in various asset classes over the last 24 hours, and that was before a revealing Trump interview with Bloomberg’s Editor in Chief. Phil talks to NAB’s Rodrigo Catril about a day that has seen oil lower on expectations that Israel won’t str...

Tuesday 15th October 2024 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB New Zealand’s Performance of Services Index stuck yesterday at 45.7 for September, marking the seventh month in contraction. NAB’s Rodrigo Catril says the only good news you can take for that is that it the downturn isn’t speeding up. In China the latest trade number...

Monday 14th October 2024 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB As predicted by Tapas on The Morning Call last week there was no definitive plan fiscal plan presented by China’s Ministry of Finance on Saturday. As suggested, it will need to be ratified by the standing committee of the National People’s Congress, which is likely to...