The Saudi aftermath – winners and losers
What are the repercussions from the weekend attack on the Aramco refinery. NAB’s Rodrigo Catril suggests prices will be elevated for some time. So who will be the winners and losers?
The Morning Call
Start your day with the Morning Call for the latest overnight key economic and market information straight from NAB’s team of expert market economists and strategists.
Oil attack hits supplies and Iran relations
Oil supplies hit after Saudi attacks. NAB’s Ray Attrill talks through the impact on oil prices and bond yields.
QE is back at the ECB
QE is back at the ECB. NAB’s Gavin Friend talks through the measures introduced and the market response.
Draghi’s (almost) last stand
Mario Draghi is easing himself out of the ECB – but does that include quantitative easing? Phil Dobbie asks NAB’s David de Garis. Plus, NAB revises its rate call for the RBA.
Bond Yields Rising, No Bazooka on the Way
Further repricing in bond yields. NAB’s Rodrigo Catril says it’s a mix of expectations that the ECB will not relaunch QE this week and the German government will not add stimulus.
Bonds sold off, Boris’ no-deal stymied
Bond yields up. NAB’s Tapas Strickland says it started in Germany with expectations that there will be no bazooka from the ECB this week.
Trade war impacts as ECB prepares to pull out the stops
China feels the hurt from tariffs. NAB’s Ray Attrill talks through how markets are reacting to a trade war that looks like it’ll be with us for a while. Plus, the take-outs from Friday’s US payrolls data, what to expect from the ECB and the Brexit latest.
Talks back on, bonds sell off
Strong non-manufacturing ISM numbers and a resumption of trade talks spark a flurry of activity on stocks and bonds. I ask NAB’s David de Garis whether the markets will be as sensitive to tonight’s non-farm payrolls data.
US dollar weaker on Hong Kong, UK and Italy’s positive news
A weaker US dollar today – why? NAB’s Tapas Strickland points to three strengths elsewhere – formation of the Italian government, easing unrest in Hong Kong and the avoidance of a no-deal Brexit, for now.
US manufacturing shows cracks, Brexit delays and Aussie GDP today
Could Brexit be delayed? Could the RBA move a rate cut forward? Will poor manufacturing data in the US be the impetus for a trade resolution? Three questions for NAB’s Gavin Friend on today’s Morning Call podcast.
THE TWITTERATI
Brexit runs short of time, the US China trade deal goes sideways, but NAB’s Ray Attrill talks about markets that are still optimistic. https://t.co/JIcp8kWG4q
A sticking point on the US China truce has created mild risk off sentiment. NAB’s Rodrigo Catril says we’ve been here before. https://t.co/rBK5LVZ7mO