Still Rising

Still Rising

From NAB Morning Call by Phil Dobbie

April 28, 2026 · 15 min · Season 10 · Episode 89

About this episode

Phil Dobbie and Sally Auld discuss the unexpected movements in oil prices, central bank decisions, and consumer confidence amidst rising fuel costs.

Wednesday 29th April 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Markets are wobbling, oil is surging, and the world’s central banks are lining up for a big week — but nothing is quite behaving the way you’d expect. Today Phil and NAB’s Sally Auld unpack why oil keeps climbing even as the UAE walks out of OPEC, how OpenAI’s internal stumbles have rattled global equities, and why consumer confidence is mysteriously improving just as fuel prices bite. We’ll dig into the Bank of Japan’s split decision, the jump in euro‑area inflation expectations, and what Australia’s CPI means when “core” no longer tells the whole story. And what to watch as the Fed, BoC, ECB and BoE all step up this week. Hosted on Acast. See acast.com/privacy for more information.

People in this episode

Host: Phil Dobbie

Guest: Sally Auld

Topics covered

  • oil prices
  • central banks
  • consumer confidence
  • inflation expectations
  • economic analysis
  • financial markets

Keywords

  • oil surging
  • OPEC
  • OpenAI
  • Bank of Japan
  • euro-area inflation
  • Australia CPI
  • central banks
  • financial markets

Mentioned in this episode

Organizations: OPEC, OpenAI, Bank of Japan, Fed, BoC, ECB, BoE

Places: UAE

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