NAB Morning Call

Wednesday 13th May 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Whether it is Chalmers' budget, Starmer’s fight for survival, or the eerie calm of a stalled Gulf ceasefire, the global economic landscape is shifting in ways that are anything but peaceful. Jim Chalmers' first major federal budget has delivered a blow to property perk...

Tuesday 12th May 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB In this episode of the NAB Morning Call, Phil Dobbie and Rodrigo Catril break down the market's reaction to President Trump’s blunt dismissal of Iran’s latest proposal as a "piece of garbage," a move that has dashed hopes for a diplomatic breakthrough and kept the Strait...

Monday 11th May 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Could we be on the verge of positive steps from the Gulf? Iran has responded to the US proposal and, as Phil points out, its not an outright rejection. This is also the week that President Trump meets President Xi, a discussion that could be critical to any solution...

Friday 8th May 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 explores the massive shift of Australian retirement savings toward Europe as the domestic superannuation system prepares to surge to a staggering $8.3 trillion by 2035. Joined by David Whiteley of IFM Investors and Nicola Jol...

Friday 8th May 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Oil has been down, then up. Equiites have been just as volatile. As NAB’s Gavin Friend discusses with Phil, markets are struggling to find direction as headlines paint an uncertain picture in the Middle East. On the positive side there are reports that Iran will surrender...

Thursday 7th May 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Markets are running on hope again today, with the US issuing a memorandum of understabd to Iran, with the hope that month long peace talks could be about to start. Presidnet Trump also cancelled Operation Freedom yesterday. Markets have taken this all as good news, even...

Wednesday 6th May 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Markets seem enthused by the fact that, today at least, things didn’t get worse in the Middle East. That said, they didn’t get any better either, and the world, meanwhile is chewing up its crude oil reserves. NAB’s Taylor Nugent joins Phil to talk through the market act...

Tuesday 5th May 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB President Trump’s Operation Freedom, designed to escort vessels trapped in the Gulf, has got off to a shaky start. Iran claims they attacked a US warship (which the US denies), but nobody seems game enough to traverse the strait of Hormuz. Meanhwile the UAE has seen...

Monday 4th May 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB It certainly seems likely that the war between Iran and USA/Israel will continue for some time to come with Donald Trump likely to reject Iran’s 17-point peace deal claiming that they haven't paid the price yet for the damage they've done over the decades. Still, as Phil d...

Friday1st May 2026 Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here . Phil is joined by veteran energy analyst Neil Atkinson to peel back the curtain on a global energy system pushed to the brink by the ongoing conflict in the Gulf. With the Strait of Hormuz effectively closed, they discuss why the market’s ho...

Friday 1st May 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Oil rose to its highest level since the closure of the Strait of Hormuz before retracing and ending up lower than a day ago. Why? Phil talks to NAB’s Ken Crompton. Certainly it's not due to progress on peace talks, quite the reverse. But equity markets have risen on the ba...

Thursday 30th April 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Oil continues to lurch higher, getting close to $120 this session, the highest since the closure of the Hormuz Strait. There’re no signs of progress, infact President Trump is indicating he’d prefer to wait until his blockade has an impact on Iran. That could tak...

Wednesday 29th April 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Markets are wobbling, oil is surging, and the world’s central banks are lining up for a big week — but nothing is quite behaving the way you’d expect. Today Phil and NAB’s Sally Auld unpack why oil keeps climbing even as the UAE walks out of OPEC, how OpenAI’s intern...

Tuesday 28th April 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Its another session where equities are rising – albeit only slightly – whilst oil pushes higher. Talks between the US and Iran are not progressing, with the US President suggesting Tehran calls him when they have something to discuss. Meanwhile the Straits of Hormuz re...

Friday 22nd April 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 of the NAB Morning Call, Kylie Willment, Chief Investment Officer at Mercer, joins Phil Dobbie to explain why their core investment strategy remains sound even as the global landscape becomes increasingly volatile...

Friday 24th April 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB NAB’s Rodrigo Catril joins Phil to discuss a significant escalation in the U.S. naval blockade, which has now expanded into the Indian Ocean with the seizure of tankers carrying Iranian oil. This move follows the earlier strikes in the Gulf and indicates a broadening of...

Thursday 23rd April 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB In today’s NAB Morning Call, Skye Masters joins Phil to analyse why U.S. equity markets appear to be "looking through the fog of war" as they push to new all-time highs—with the S&P 500 breaking above 7,000—even as oil prices and bond yields remain significantly e...

Wednesday 22nd April 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB In the April 22, 2026, edition of the NAB Morning Call, Gavin Friend joins Phil Dobbie to discuss a shift toward "risk-off" sentiment as the high-stakes peace talks between the U.S. and Iran appear to have stalled. With JD Vance spotted back in Washington rather than...

Tuesday 21st April 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Geopolitical tensions are rising again, following a U.S. attack on an Iranian merchant vessel in the Gulf, which sent oil prices jumping 5–6% with Brent nearing $95 a barrel. While JD Vance leads a U.S. delegation to Islamabad for high-stakes peace talks, a question re...

Monday 20th April 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB There were strong risk-on moves on Friday on the news that the Hormuz Strait had reopened. Since then, Iran has fired on vessels, and the Straits have closed again. But new talks are on the horizon if, as NAB’s Sally Auld puts it, they show up. The ceasefire officially...

Friday 17th April 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 of the NAB Morning Call, veteran macroeconomist Phil Suttle joins Phil Dobbie to dissect the "unbridled enthusiasm" of global markets as they seemingly look past a U.S. naval blockade and a precarious energy crisi...

Friday 17th April 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB There are mixed messages about where the war in Iran is heading. President Trump says a deal is close and that Iran has agreed to surrender its enriched uranium, whilst Arab and European leaders believe it could take six months to reach a deal, hence yesterday’s Beige B...

Thursday 16th April 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Sally Auld talks about how global markets appear to be "buying time" as investors increasingly price out the immediate threat of a wider Middle East conflict. Following news of an extended ceasefire and the resumption of peace talks, the S&P 500 hit a new record h...

Wednesday 15th April 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB The hope of more peace talks between the US and Iran provided a temporary reprieve, sending the NASDAQ higher and Brent crude down toward $95 a barrel. NAB’s Taylor Nugent joins Phil to discuss this and how the fragile situation is reflected in the latest NAB Busines...

Tuesday 14th April 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB While you'd expect chaos, NAB’s Ray Attrill notes that markets actually moved towards the end of the session on a positive note, spurred on by President Trump’s claims that Iranian officials are reaching out to talk peace—even if we should take that with a healthy pinc...