NAB Morning Call

Thursday 16th April 2026NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABSally Auld talks about how global markets appear to be "buying time" as investors increasingly price out the immediate threat of a wider Middle East conflict. Following news of an extended ceasefire and the resumption of peace talks, the S&P 500 hit a new record high, underpinned by a resilient U.S. economy and ongoing AI-driven tech momentum. While the naval blockade in the Strait of Hormuz remains a concern, there seems to be a shift back to domestic fundamentals in the US, including solid Q1 bank earnings. Locally, the focus is squarely on today's Australian Labour Force release, expected to show continued resilience with unemployment steady at 4.3%. Hosted on Acast. See acast.com/privacy for more information.

Tuesday 14th April 2026NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABWhile you'd expect chaos, NAB’s Ray Attrill notes that markets actually moved towards the end of the session on a positive note, spurred on by President Trump’s claims that Iranian officials are reaching out to talk peace—even if we should take that with a healthy pinch of salt. He talks to Phil about the "yo-yo" effect on the Aussie dollar, which touched 71 US cents as sentiment shifted, and the continued volatility in oil, with Brent and WTI both climbing despite staying under the $100 mark for now. They also dive into the Bank of Japan’s cautious stance on rate hikes and a sobering warning from the Bank of England’s Andrew Bailey regarding the growing threats to global financial stability from the Middle East conflict. Hosted on Acast. See acast.com/privacy for more information.

Friday 10th April 2026Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here.Phil is joined by James Bentley (Director of Sustainable Finance at NAB) and Richard Lovell (Head of Debt Markets at CEFC) to discuss how current geopolitical instability and energy price volatility are accelerating the business case for net-zero technologies. The conversation highlights the strategic partnership between NAB and the Clean Energy Finance Corporation (CEFC), which provides significant interest rate discounts—up to 115 basis points for on-farm emissions reduction projects—to help SMEs and farmers overcome the high upfront costs of green equipment. From large-scale green hydrogen fertilizer projects to the adoption of "no-till" farming and battery-powered construction cranes, the guests explain how these investments are shifting from environmental ideals to essential tools for operational resilience and long-term cost management. Hosted on Acast. See acast.com/privacy for more information.

Thursday 9th April 2026NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABNAB's Skye Masters joins Phil Dobbie to discuss a fragile market reprieve following President Trump’s announcement of a two-week ceasefire with Iran. While the news triggered a significant relief rally—sending the Nasdaq up 2.8% and WTI oil down 17% to $91 a barrel—the optimism remains guarded as the Strait of Hormuz remains closed and Iran alleges violations of the agreement. Skye notes that while investors are pricing out an immediate escalation, they aren't yet pricing in a total resolution, as energy prices remain well above pre-conflict levels. The discussion also covers the Reserve Bank of New Zealand's hawkish stance on stubborn inflation and a strong Japanese payrolls print, both of which suggest central banks may still be forced to tighten despite the global geopolitical volatility. Hosted on Acast. See acast.com/privacy for more information.

Thursday 2nd April 2026Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here.Phil is joined by Terry Haines, founder of Pangaea Policy, to analyse the shifting geopolitical landscape as President Trump signals a potential wind-down of military action against Iran. Note, this was recorded ahead of Donald Trump’s address today. Haines provides a dual-lens perspective on the administration's strategy, balancing domestic political pressure to end the conflict with the urgent need to reassure Gulf allies that the job will be finished, whilst securing the Strait of Hormuz. But beyond Iran, how are Trump’s policies reflecting on global partnerships and international business. Haines discusses the "Manhattan Project 2.0" branding of AI as a national security priority and examines how a potential Democratic shift in the midterms might impact market sentiment and U.S. regulatory stability. Hosted on Acast. See acast.com/privacy for more information.