NAB Morning Call

Ken Crompton, NAB markets economist and strategist, gives quick market commentary and economic analysis. He discusses US ISM strength and the spike in export orders. He explains Asia’s volatility, notably South Korea’s AI-driven KOSPI plunge. He also contrasts China PMI readings and reviews Australia’s growth versus soft household consumption.

Ray Attrill, NAB’s chief market strategist, provides market-savvy analysis of inflation, central bank moves and geopolitical risk. He breaks down how Middle East disruption pushed oil, bonds and currencies, discusses whether energy shocks could trigger stagflation, and assesses ECB and RBA tightening risks. Short takes on China PMIs and the US ISM round out the conversation.

Rodrigo Catril, NAB markets economist who analyzes energy prices, bond yields and central bank responses. He breaks down the oil and European gas shock from Operation Epic Fury. He explains the bond-market about-turn, shifting rate-cut expectations. He outlines scenarios from a brief disruption to prolonged stagflation and flags political and shipping risks shaping market outcomes.

Taylor Nugent, NAB markets economist and strategist, offers crisp market analysis and macro commentary. They dissect market reactions to strikes on Tehran and the sudden oil and gold moves. They unpack Strait of Hormuz shipping risks and fallout from a UK mortgage lender collapse. They also parse PBOC FX tactics and preview a huge week of global data.

Luke Mackinnon, Senior VP and MD for Asia at NextDC, leads the company’s push building Tier 4, AI‑ready data centres across Asia. He discusses high‑density AI “factories” like KL1 and TK1. Power scarcity, gigawatt campus planning, rapid staged rollouts, co‑location validation with partners, and why specialised infrastructure is essential for sovereign and hyperscale AI needs.

Gavin Friend, markets economist and strategist at NAB's London team, breaks down market reactions to NVIDIA's huge profit beat and why investors stayed cautious. He covers US–Iran tensions and military build-up pushing oil and safe-haven flows. He also highlights an Australian capex surge in data centres and renewables, plus signs of a New Zealand recovery and inflation risks.

Taylor Nugent, NAB markets economist and strategist, offers crisp market commentary. He covers the Aussie dollar’s multi-decade strength versus the yen and currency drivers. He discusses inflation’s impact on RBA rate expectations and why tech stocks may rally around Nvidia. He also touches on oil moves and tariff chatter.

Skye Masters, NAB market economist known for macro and interest rate analysis. They discuss Trump’s 10% tariffs and their ripple effects across the UK, EU and Australia. They cover China’s export ban and pressure on the yen. Markets’ tech-led rebound and Nvidia anticipation get attention. A preview of Australia’s CPI and Michelle Bullock’s upcoming remarks is also highlighted.

Ray Attrill, senior markets strategist at NAB known for FX and global macro analysis, breaks down a recent risk-off swing. They cover safe-haven flows in stocks, bonds and currencies. They unpack a Supreme Court trade ruling, AI-driven volatility in software names, shifting Fed job expectations, and China and Europe surprises as markets return from Lunar New Year.

Rodrigo Catril, NAB markets economist who analyses global markets and trade policy. He breaks down the Supreme Court ruling and the US pivot to a global 15% tariff. They cover the hit to US Q4 GDP and resilient Aussie dollar. They also review rising core PCE and surprising strength in global PMIs.