NAB Morning Call

Friday 15th November 2024Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here.How different will the world be after another term of Trump as US President? Will he grow the size of the US economy, or will his policies simply add to domestic inflation, meaning higher interest rates for longer. Will he start a global trade war, forcing companies to replicate their production facilities in each local market? Martin Wolf is chief economics commentator at the Financial Times in London. He is not optimistic about the prospects for the world economy. Phil talks to him about the ramifications for regions like Europe and China, where growth prospects are already uncertain. How do they adapt to working with, or without, Fortress America? Hosted on Acast. See acast.com/privacy for more information.

Friday 15th November 2024NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABAustralian unemployment numbers just don’t want to move. JBWere’s Sally Auld explains why NAB now expects a cut from the RBA to be delayed beyond the first quarter of 2025 and might not even happen next year at all. It’ll be interesting to hear the spin from Fed speakers in the US now, after lower-than-expected job claims and a higher than anticipated PPI. After a December cut could the resilience in the economy coupled with Trump policies, delay any further cuts. Plus a preview of our Weekend Edition with FT’s Martin Wolf. Hosted on Acast. See acast.com/privacy for more information.

Thursday 14th November 2024NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe US dollar continues to push higher, with the AUD one of the main casualties. The PBoC is also clearly concerned about the weakness on the CNY. It’s not just the dollar that is staying high - US inflation is taking a while to come down. The CPI number overnight was as expected, though markets seem to be reacting as though they are relieved it wasn’t higher. As a result, pricing for a December rate cut increased slightly. Locally, the Australian Wage price Index slowed a little more than expected, but not enough of a move to change the timing for the RBA. NAB’s Taylor Nugent joins Phil to discuss all this, plus all the rest of today’s market news. Hosted on Acast. See acast.com/privacy for more information.

Wednesday 13th November 2024NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABUS markets continue to embrace the optimism of a pro-growth Trump presidency, even as equities back off their highs a little in this session. The US dollar, meanwhile, continues to strengthen and the latest Bank of America Global Fund Managers Survey shows investors exposure to equities has hit the highest level since 2013. NAB’s Gavin Friend joins Phil today to talk through the latest US market action, as well as yesterday’s NAB Business Survey and Westpac Consumer Confidence Survey, both of which showed an uptick in sentiment. Today’s big number is US CPI, but can it really give us an idea of the direction of travel when so much depends on Trump’s policies early next year? Hosted on Acast. See acast.com/privacy for more information.