NAB Morning Call

Monday 13th April 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB NAB’s Ken Crompton joins Phil to discuss the "stalemate" in the Middle East after ceasefire talks in Islamabad ended without resolution. The breakdown has led to a further escalation, with President Trump announcing a U.S. naval blockade of the Strait of Hormuz while Ir...

Friday 10th 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 . Phil is joined by James Bentley (Director of Sustainable Finance at NAB) and Richard Lovell (Head of Debt Markets at CEFC) to discuss how current geopolitical instability and energy price volatility are accelerating the business case for...

Friday 10th April 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB NAB’s Rodrigo Catril joins Phil to discuss the fragile and one-sided nature of the proposed ceasefire in the Middle East, which Rodrigo notes remains highly volatile as the Strait of Hormuz remains largely closed and Israel continues strikes in Lebanon. The conversation...

Thursday 9th April 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB NAB's Skye Masters joins Phil Dobbie to discuss a fragile market reprieve following President Trump’s announcement of a two-week ceasefire with Iran. While the news triggered a significant relief rally—sending the Nasdaq up 2.8% and WTI oil down 17% to $91 a barrel—the...

Wednesday 8th April 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB NAB’s Gavin Friend joins Phil amidst the heightened tensions in the Middle East as President Donald Trump's 8:00 p.m. ET deadline approaches. Trump has issued a dire warning on Truth Social that a "whole civilization will die tonight" if Iran fails to comply with dema...

Tuesday 7th April 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Taylor Nugent joins Phil Dobbie to discuss the "ratcheting up" of geopolitical tensions as President Trump issues stark warnings and Iran threatens regional infrastructure while maintaining its closure of the Strait of Hormuz. Despite the escalatory rhetoric, global mar...

Thursday 2nd 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 . Phil is joined by Terry Haines, founder of Pangaea Policy, to analyse the shifting geopolitical landscape as President Trump signals a potential wind-down of military action against Iran. Note, this was recorded ahead of Donald Trump’s...

Thursday 2nd April 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB NAB's Taylor Nugent joins Phil to discuss the wave of optimism sweeping through global markets as speculation grows regarding a potential ceasefire in the Iran conflict. While the Nasdaq and S&P 500 saw significant gains and oil prices dipped near $100 a barrel, th...

Wednesday 1st April 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB In today’s NAB Morning Call, Rodrigo Catril joins the podcast to break down a wave of market optimism following reports that President Trump is prepared to wind down U.S. military action against Iran. While the Nasdaq surged 3.3% on the news, Rodrigo notes that the si...

Tuesday 31st March 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB As the Middle East conflict continues with no clear resolution in sight, global markets are increasingly recalibrating from a focus on short-term inflation spikes to the broader risks of a sustained economic slowdown. Phil discusses how this shifting narrative is...

Monday 30th March 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB As the Middle East conflict enters its fifth week, geopolitical tensions continue to escalate, driving Brent crude back toward $112 a barrel. Phil talks with NAB’s Skye Masters to explore the shifting market narrative as investors weigh the immediate threat of surging i...

Friday 27th March 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’s edition of the NAB Morning Call, Phil talks with Matthew Berg, co-founder of Local Residential, and Bill Halmarick, NAB’s Head of Real Estate, to explore the burgeoning "build-to-rent" sector and its potential to allevi...

Friday 27th March 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Geopolitical uncertainty continues to dominate market sentiment as a five-day extension to President Trump’s ultimatum fails to produce a diplomatic breakthrough, with Tehran officially rejecting US peace proposals. NAB’s Ray Attrill joins Phil to analyse the resulting...

Thursday 26th March 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB The path to de-escalation in the Middle East remains stalled as Tehran rejects the latest US peace proposal, issuing counter-demands that include sovereignty over the Strait of Hormuz and war reparations. Phil talks with NAB’s Taylor Nugent on the market’s reaction to...

Wednesday 25th March 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Geopolitical tensions in the Middle East enter a dangerous new phase as the US deploys 3,000 troops and Iran launches fresh attacks across the region, sending Brent crude climbing toward $104 a barrel. Phil talks with NAB’s Skye Masters to explore how central banks a...

Tuesday 23rd March 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Phil asks NAB’s Sally Auld if we’re seeing a TACO trade as President Trump pushes back his 48-hour ultimatum by five days, citing productive talks with Iran that the Iranians claim aren't even happening. This glimmer of a potential off-ramp has seen oil prices tumble n...

Monday 23rd March 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Geopolitical tensions have reached a boiling point as a high-stakes deadline looms for Iran to fully open the Strait of Hormuz or face the "obliteration" of its power plants by the US. Phil talks with NAB’s Rodrigo Catril to analyse a volatile Friday session where marke...

Friday 20th March 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 is joined by Martin Wolf, the FT’s chief economics commentator, to analyze the deepening economic fallout of the intensifying conflict in the Middle East. As oil prices surge past $110 a barrel following atta...

Friday 20th March 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Retaliatory attacks on Qatari gas facilities have sent energy prices soaring, with Brent crude momentarily almost return to $120 a barrel and European benchmark gas prices jumping as much as 30%. In this environment of heightened inflation risk, Phil talks with NAB’s Ra...

Thursday 19th March 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Despite mounting geopolitical risks and a surge in oil prices, the Federal Reserve is maintaining a remarkably dovish stance, holding rates steady while signaling that a future cut remains a priority. Phil talks with NAB’s Gavin Friend to explore the central bank's cu...

Wednesday 18th March 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Today NAB’s Sally Auld unpacks the fallout from the RBA's recent interest rate hike to 4.1% . While the decision was a close 5-4 split, it was a question of timing rather than any division of intent. Governor Michelle Bullock’s warning that a recession might be a "ne...

Tuesday 17th March 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB NAB’s Skye Masters joins Phil this morning to explore the curious rise in global risk appetite despite ongoing volatility and a lack of significant change in the Middle East conflict. They break down the surprising overnight market shifts, including falling yields and...

Monday 16th March 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB The war in the Middle East continues to drive sentiment, with oil pushing back above $100 and bond yields rising. NAB’s Ray Attrill joins Phil this morning to discuss how weak US data on Friday, including a sharp fall in GDP. This compounds the issue, leaving central ba...

Friday 13th March 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 episode of The Morning Call, Stewart Upson, Co-President of Infrastructure and Global Head of Strategy at Brookfield, discusses the massive infrastructure shift driven by the rapid evolution of Artificial Intelligence. Upson fram...

Friday 13th March 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB NAB's Gavin Friend joins Phil today as heightened rhetoric over Iran pushes oil back over $100 for a spell. They unpack a significant climb in bond yields across the US, UK, and Europe, reflecting a market that is quickly pricing out hope for near-term rate cuts amidst...