Tuesday 25th November 2025NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABIt might be thanksgiving this week, but it seems tech investors have their eyes set closer to Christmas, with renewed hopes of a December rate cut. Words from Christopher Waller added to the hope. NAB’s Taylor Nugent says the moves in shares is quite a remarkable sensitivity, which has not been reflected in bonds or currencies. The Aussie hasn’t seen its usual bounce as US sentiment picks up. Delayed (and out of date) data today includes US retail sales and PPIs. Hosted on Acast. See acast.com/privacy for more information.
--------
11:43
--------
11:43
A better week to come?
Monday 24th November 2025NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABLast week was a bad one for US equities and the Australian dollar. It was even worse for Bitcoin, but NAB’s Skye Masters says it recovered over the weekend, so if you believe it’s a bellwether for equities this week could get off to a better start. Equities had already climbed on Friday as the Fed’s John Williams talked up the chance of a rate cut in December. It’s a relatively quiet week, with the US off for Thanksgiving. Locally the RBNZ meets and Australian CPI is released. Hosted on Acast. See acast.com/privacy for more information.
--------
15:29
--------
15:29
Weekend Edition: Super investments and the Aussie dollar
Friday 14th November 2025Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here.NAB’s biennial Super Insights Survey was published this week, co-authored by Morning Call regulars Ray Attrill and Rodrigo Catril. They join Phil on this week’s podcast to talk about it, alongside Mike Symonds, the director of NAB’s Currency Overlay Solutions Group.One key takeout of the survey is that Australian super funds now invest more overseas than they do domestically and that ratio will increase over time. On the podcast we look at where that money is going, and the impact President Trump’s agenda has had. What are the key thematics that are influencing investment decisions? How much are funds hedging back to the Australian dollar, and how do they manage liquidity in these turbulent times? Hosted on Acast. See acast.com/privacy for more information.
--------
30:20
--------
30:20
Too much is not enough
Friday 21st November 2025NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABWhat do equity markets want? NVIDIA yesterday delivered strong earnings and talked up the opportunity. ‘We’ve entered the virtuous cycle of AI’, their CEO said yesterday. After some initial enthusiasm, US shares fell today, including a 1.5% drop in NVIDIA’s price. NAB’s Ken Crompton joins Phil to talk through the caution in equities as well as deciphering a mix of jobs data, including the not-so-monthly on-farm payrolls, and a dump of weekly jobless claims. However you decipher those numbers it seems markets are increasingly expecting no move form the Fed in December. Today is PMIs day - a chance to see the comparative strengths of the US, Europe and UK. Hosted on Acast. See acast.com/privacy for more information.
--------
16:24
--------
16:24
Too early, too late and too much
Thursday 20th November 2025NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB Nothing seems to be quite hitting the spot. Our podcast is too early today to bring you the NVIDIA earnings results, which have left equities in no man’s land this week. We did get a chance to glimpse the latest Fed minutes before we hit the stop button though.The other news this morning is that the November non-farm payrolls number will be delayed, meaning there will be no other report beyond September’s delayed release tonight, ahead of the December meeting. The data is just too late, and the Fed continues to fly blind. And oil prices have fallen over fears there’s too much oil. A resolution to the Russia Ukraine conflict, which is again making headlines, could add to that downward pressure. NAB’s Gavin Friend in London joins Phil to talk through all of this, plus UK inflation and Australian wages data. Hosted on Acast. See acast.com/privacy for more information.
Start your day with the NAB Morning Call for the latest overnight key economic and market information straight from our team of expert market economists and strategists. This includes perspective on overnight news and market price action and the forces shaping movements in Australian and global markets in the days ahead. Hosted on Acast. See acast.com/privacy for more information.
Australia