NAB Morning Call

Thursday 12th March 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB NAB’s Rodrigo Catril joins Phil to discuss the intensifying tensions in the Strait of Hormuz, where Iranian attacks on merchant vessels and the threat of naval mines have effectively halted all shipping traffic. Despite a massive release of 400 million barrels of oil...

Wednesday 11th March 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB NAB’s Skye Masters says there’s been a wave of optimism in global markets, driven by President Trump’s comments on the potential end of the Israel-Iran conflict. It was also an historic day for corporate bond issuance in the US. The tide could be turning now though,...

Tuesday 10th March 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Phil and NAB’s Sally Auld discuss the roller coaster ride of oil prices, which took a breather after G7 nations hinted at tapping into their strategic reserves. While this news offered a bit of temporary relief to the markets, it’s a short-term fix and markets will be...

Monday 9th March 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB The global economy is facing a volatile "double whammy" as intensifying conflict in the Middle East drives oil prices toward the $100 mark whilst the US labour market shows unexpected signs of cooling. Friday's US jobs data shocked markets with a loss of 92,000 jobs agai...

Friday 6th 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 . Celebrate International Women’s Day (this Sunday) with a deep dive into the senior ranks of Australian business as Phil talks with Anastasia Clarke, CFO of property group Charter Hall. Despite recent reports suggesting a decline in female...

Friday 6th March 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Financial markets took a sharp risk-off turn overnight as escalating tensions between the US, Israel, and Iran dominated investor sentiment and pushed oil prices significantly higher. NAB’s Skye Masters breaks down the resulting surge in bond yields across Europe and the...

Thursday 5th March 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB NAB’s Ken Crompton joins Phil to discuss the global market's resilience amidst escalating Middle East tensions, noting gains in the Nasdaq, S&P 500, and European stocks like the DAX. They dive into the volatility of the Asian markets, specifically South Korea’s KOS...

Wednesday 4th March 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB War escalation has torn through markets, driving oil sharply higher, smashing equities and knocking the Aussie to the bottom of the majors as global bond yields surge. With Iranian, Qatari and Iraqi output disrupted, tankers steering clear of the Strait of Hormuz and...

Tuesday 3rd March 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Phil and NAB’s Rodrigo Catril discuss the market turmoil following Operation Epic Fury, which has sent oil and gas prices soaring, with European gas prices surging more than 50% following a drone attack on Qatari production facilities. So, is this a short-term spike or...

Monday 2nd March 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Today NAB’s Taylor Nugent joins Phil to examine the market reaction to the weekend’s dramatic military strikes on Tehran. With the Straits of Hormuz effectively stalled by soaring insurance costs and geopolitical uncertainty, we analyse the immediate pressure on oil and...

Friday 28th February 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 dives into the massive infrastructure powering the global AI revolution with Luke Mackinnon, Senior Vice President of NextDC and Managing Director for Asia. As tech giants like Microsoft and Amazon pour billions into da...

Friday 27th February 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB NAB’s Gavin Friend joins Phil to talk about the curious response to NVIDIA’s 94% profit surge, which wasn’t enough to satisfy demanding investors, even though it beat expectations. The US continues to build up its military hardware in the Middle East as US-Iran talks...

Thursday 26th February 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB The Aussie dollar outshone most currencies again overnight. It’s now at multi-decade high against the Yen. Phil talks to NAB’s Taylor Nugent about the influence of yesterday’s CPI numbers and weakening of the US dollar. There’s also a brief look at the State o...

Wednesday 25th February 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Phil talks with NAB’s Skye Masters about a fairly quiet session for data and market action. President Trump’s 10% tariffs has sent ripples through the UK and EU, whilst the Yen has felt pressure following reports of political concern over further rate hikes, as we...

Tuesday 24th February 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB NAB’s Ray Attrill joins Phil to dissect a classic "risk-off" shift in the global markets, marked by a retreat in US stocks and a pivot toward safe-haven assets. They explore the fallout from recent US Supreme Court rulings on trade policy, the persistent volatility...

Monday 23rd February 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Phil sits down with NAB’s Rodrigo Catril to break down a chaotic weekend in US trade policy following the Supreme Court's ruling against previous tariff structures and the administration's subsequent pivot to a global 15% tariff. They discuss the ripple effects acros...

Friday 21st February 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 podcast, Dr. Blair Chapman, Senior Economist at SEEK, previews the upcoming SEEK AI Gauge Report, highlighting that while overall job ad volumes have recently declined, demand for AI-specific skills is surging. Chapm...

Friday 20th February 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Australia’s unemployment rate held steady at 4.1%, reinforcing the case for a potential RBA rate hike in May as the labour market remains tighter than expected. Meanwhile, oil prices have surged above $71.80 a barrel as the U.S. bolsters its air power in the Middle E...

Thursday 19th February 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Things are heating up in the Middle East, with Iran getting itself ready in case talks fail. As a result oil prices have moved up sharply, with Brent back over $70 a barrel. While the geopolitical scene is tense, tech stocks are bouncing back, perhaps using a set o...

Wednesday 18th February 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB A choppy session for equities, bonds and energy, as Iran went from powder keg to hopes of peace. As NAB’s Rodrigo Catril says the talks have a long way to go and oil is still well down despite the switch in sentiment. Phil and Rodrigo also break down the pound’s 0...

Tuesday 17th February 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Trading was thin with holidays in the US and Asia on Monday, but there was still data around. NAB’s Sally Auld talks to Phil about jittery GDP figures from Japan and the mixed industrial signals coming out of Europe. They also weigh up the latest Bank of America fun...

Monday 16th February 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Phil catches up with NAB’s Ken Crompton to break down the fallout from a cooler-than-expected 0.2% US inflation print, which sent bond yields tumbling and left the US 2-year yield at its lowest level since mid-2022. They dig into the reality of the Fed’s waiting game...

Friday 13th February 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 grills BNZ Head of Research Stephen Toplis on which central bank played the inflation fight better — the RBNZ with its early hammer, or the RBA with its softer touch. They tear into NZ’s slow growth, a labour market now showing 5...

Friday 13th February 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB US markets are wobbling again as the AI boom shows its darker side — soaring investment costs on one hand, and the threat of software-sector disruption on the other — dragging the NASDAQ and S&P sharply lower. Bond yields are softer, commodities are sliding, and...

Thursday 12th February 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB A surprise surge in Australian home loans has everyone asking whether it’s a one off policy quirk or fresh fuel for another RBA hike, while a headline grabbing jump in US payrolls looks far less convincing once you see where the jobs actually are. Add in firmer oil...