NAB Morning Call
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.
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Weekend Edition: The property turnover problem
<p>Friday 16th January 2026</p><br><p>Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here.</p><br><p>Australia’s housing market keeps getting more expensive, yet the real issue isn’t just how many homes we build — it’s how slowly they are changing hands. Dr Nicola Powell, chief economist at Domain, says turnover has become a structural drag, creating inefficiencies that stem far more from policy settings than from raw supply. Even with immigration easing, demand still outpaces movement, and rising prices continue to infla...
Calm Down
<p>Friday 16th January 2026</p><br><p>NAB Markets Research Disclaimer </p><p>Financial Services Guide | Information on our services - NAB</p><br><p>The mood in markets has brightened as tensions around Iran appear to have eased, with President Trump signalling a softer military stance, and attention has swung back to stronger‑than‑expected US data — lower jobless claims, upbeat regional manufacturing surveys and a solid equity rebound led by tech and small caps. Oil has slumped sharply, bond yields are higher in the US and UK, and the US dollar is firmer, while the UK has surprised with a 0...
Uneasy Feeling
<p>Thursday 15th January 2026</p><br><p>NAB Markets Research Disclaimer </p><p>Financial Services Guide | Information on our services - NAB</p><br><p>A cautious, uneasy calm hangs over markets this morning, with no ruling yet from the US Supreme Court on tariffs and no military response against Iran, even as the US and UK quietly evacuate personnel from a Qatar base. Equities have stumbled, led by sharp falls in the S&P and NASDAQ, while investors rotate out of big tech and into small caps and precious metals, pushing gold, silver, copper and tin to fresh records. Bo...
Help is on its way
<p>Wednesday 14th January 2026</p><br><p>NAB Markets Research Disclaimer </p><p>Financial Services Guide | Information on our services - NAB</p><br><p>A softer run of US inflation has kept hopes of further rate cuts alive, even as markets juggle mixed earnings, fragile consumer sentiment in Australia, signs of recovery in New Zealand, and a surge in Japanese yields driven by election rumours. Commodities are climbing on geopolitical tension, with President Trump’s “help is on its way” message to Iranian protesters fuelling speculation of US action and adding to the broader sense of unease.</p><p > Hosted on...
Riding the Retribution Highway
<p>Tuesday 13th January 2026</p><br><p>NAB Markets Research Disclaimer </p><p>Financial Services Guide | Information on our services - NAB</p><br><p>President Trump has been directing sharp words at Jerome Powell and the Federal Reserve, while the Fed Chair has pushed back, suggesting that any legal action against him is politically motivated. It’s the kind of confrontation with the central bank that many had anticipated, yet markets have taken it in their stride so far.</p><br><p>Where markets have reacted more noticeably is the proposal for a 10% cap on credit‑card interest rates — though t...
Slip sliding away
<p>Monday 12th January 2026</p><br><p>NAB Markets Research Disclaimer </p><p>Financial Services Guide | Information on our services - NAB</p><br><p>US rate cut expectations are starting to erode, even as jobs growth softens. Markets are beginning to question whether weaker payrolls really matter if inflation refuses to fall — and this week’s CPI and PPI will be critical in deciding that. But, as NAB's Ray Attrill points out, it depends on Trump's nomination for Fed chair. The delayed Supreme Court ruling on tariffs now looks set for Wednesday, adding another layer of uncertainty. And here at hom...
Weekend Edition: 2025 – The Year Australia Held Its Own
<p>Friday 19th December 2025</p><br><p>NAB Markets Research Disclaimer </p><p>Financial Services Guide | Information on our services - NAB</p><br><p>Australia has managed to steer its own course through a turbulent 2025. Taylor Nugent explains how the RBA resisted the urge to slash rates early in the year, instead holding firm as inflation proved more stubborn than expected. That stance kept the economy balanced while other central banks lurched between easing and tightening. Compared with New Zealand’s harsher approach and the US’s tariff‑driven dilemmas, Australia’s policy mix looks measured – not perfect, but enough to av...
Central Banks Deck the Halls with Cuts and Holds
<p>Friday19th December 2025</p><br><p>NAB Markets Research Disclaimer </p><p>Financial Services Guide | Information on our services - NAB</p><br><p>Markets seem to be heading to the end of the year on a fairly steady note, with currencies little changed today and equities pushing higher . Bond yields are mixed, oil is nudging back above $60 a barrel, and silver’s up and down like a yo‑yo.</p><br><p>For our final morning edition of the year, NAB’s Gavin Friend joins us from London to unpack the latest central bank moves: the Bank of England’...
Banking on a cut, a hike and a hold.
<p>Thursday 18th December 2025</p><br><p>NAB Markets Research Disclaimer </p><p>Financial Services Guide | Information on our services - NAB</p><br><p>It’s a big Thursday, with markets bracing for the BoE and ECB after UK CPI surprised with outright deflation. German sentiment disappointed again, and Japan’s stronger exports added to the case for a BoJ hike tomorrow. All eyes are on the November U.S. CPI release later today. Equities remain under pressure with no Santa Claus rally in sight, oil prices edge higher amid Trump’s Russian tanker threats, and silver hits fresh highs. M...
Get ready for rate hikes in early 2026
<p>Wednesday 17th December 2025</p><br><p>NAB Markets Research Disclaimer </p><p>Financial Services Guide | Information on our services - NAB</p><br><p>A new rate call from NAB: the RBA will move rates higher twice in the first half of next year. Phil talks to NAB’s Taylor Nugent before they dissect the latest non‑farm payrolls data from the US for October and November. Plus, the mixed picture in the latest global PMIs. The surprise outsider was the UK, the only place to show an improvement in services and manufacturing numbers. That’s not going to stop the...
