Wednesday 1st July 2026

NAB Markets Research Disclaimer

Financial Services Guide | Information on our services - NAB

The Yen fell further again overnight, hitting another 40-year low, but NAB’s Taylor Nugent says there’s no indication of when and if there will be any further currency intervention. US equities push higher and oil falls lower as Iran news falls off the front pages and investors focus more on the fundamentals. The RBA minutes yesterday reiterated that conditions were ‘now probably somewhat restrictive’, but was that enough to change expectations for a cut? Meanwhile house price data out this morning shows a drop in house prices for Sydney, Melbourne and Canberra. Plus, the latest European inflation data, China’s PMIs, confidence and jobs data from the US, with US services ISM out today. The main event could be that Sintra closing panel, with Kevin Watrsh joining Lagarde, Bailey, Macklem, but given his opposition to forward guidance what can he talk about? The weather?

Hosted on Acast. See acast.com/privacy for more information.

Tuesday 30th June 2026

NAB Markets Research Disclaimer

Financial Services Guide | Information on our services - NAB

As NAB’s Gavin Friend discusses with Phil, five cities are the focus for markets right now. In Doha, there are high hopes that high-level peace talks are resuming to stabilize maritime transit through the Strait of Hormuz. In Tokyo, markets are on the look out for a currency intervention after the Japanese yen languished to a staggering 40-year low past 161.96 against the greenback. In Sintra, the global monetary elite are gathering for the ECB forum, where AI risk is very much the agenda. In Washington a landmark 5-4 U.S. Supreme Court ruling fiercely defends central bank independence by blocking the White House from firing Fed Governor Lisa Cook. Finally, in Moscow, Vladimir Putin has publicly admitted that targeted Ukrainian infrastructure strikes are severely impacting Russian life as local fuel supplies run short. Your whistle stop tour starts now!

Hosted on Acast. See acast.com/privacy for more information.

Monday 29th June 2026

NAB Markets Research Disclaimer

Financial Services Guide | Information on our services - NAB

Nobody can accuse markets of being overly cynical about peace negotiations, says NAB’s Ken Crompton on this morning’s podcast. Oil fell on Friday despite skirmishes between Iran and Iran as Tehran seeks to reassert its control over the Strait. Most data on Friday were second tier stuff, with the surprise in the size of the US goods trade deficit the most surprising. Fed speakers over the weekend were sounding hawkish, and there will be a lot of interest in what Kevin Warsh says in Sintra this week. Yes, as Phil describes it, it’s the glitz and the glamour of the ECB Central Bankers Forum in Portugal, which is likely to provide a drip feed of news this week, alongside US jobs data, culminating in non-farm payrolls on Thursday.

Hosted on Acast. See acast.com/privacy for more information.