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The Latest Breaking News from NAB

EV battery manufacturer Novonix gains 9pc as critical minerals boosted, but ASX closes down

Instability and inflation continue to weigh on global markets, with the Australian market finally coming down off a winning streak to follow sentiment down.

Wall St gains despite 'yield inversion' recession warning, Telstra CEO steps down

Wall St gains despite 'yield inversion' recession warning, Telstra CEO steps down

Australian shares have risen the day after the federal budget, however analysts say the cash splash wasn't "market-moving" and the benchmark more likely followed Wall Street's optimism about the war in Ukraine easing.

NAB, police raid poppy fields in Manipur

NAB, police raid poppy fields in Manipur

Move comes after strict orders from Manipur CM

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Russia to sell gas in roubles as sanctions bite, ASX turns positive on oil rally

Commodity markets are set to be further disrupted, with Russian President Vladimir Putin saying unfriendly countries such as the US and those in the EU will have to pay for gas in roubles. The ASX edged higher as oil prices rallied.

Star gambler's China bank card paid debt

An inquiry has heard that a Chinese-born property developer paid casino debts with bank cards that were used to disguise gambling expenses at The Star casino.

ASX closes lower, as energy and mining stocks fall on volatile commodity prices

Wall Street's Dow Jones index suffers its worst day in almost a year overnight and the ASX closes lower on volatile commodity prices.

National Australia Bank denies ‘outrageous’ policy change

NAB denied that customers are no longer allowed to pay off their credit cards at the bank's branches, after allegations sparked public backlash.

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House prices and rents surge in regional Australia amid influx of arrivals from cities

House prices and rents surge in regional Australia amid influx of arrivals from cities

Locals say they are being priced out as NAB reports 24 of the 25 largest regions have had double-digit housing growth

The Guardian - AU

Interest rates are already rising but borrowers can cope, says NAB boss Ross McEwan

Interest rates are already rising but borrowers can cope, says NAB boss Ross McEwan

National Australia Bank's boss warns variable mortgage rates will "probably" rise later this year, but said his customers are mostly well positioned to cope.

ASX closes higher as AMP reports loss, NAB margins down, AGL to close power stations early

ASX closes higher as AMP reports loss, NAB margins down, AGL to close power stations early

Australian shares close higher as NAB, AGL and AMP report their earnings results. It follows a positive day on Wall Street where tech stocks dominated.

Liberals defend economy despite dent in conditions from Omicron

Liberals defend economy despite dent in conditions from Omicron

The federal government has boasted the economy has never been better following new data showing a dip in conditions due to Omicron disruptions.

The Canberra Times

Record fuel prices and cost of new homes push inflation to fastest pace since mid-2014

Record fuel prices and cost of new homes push inflation to fastest pace since mid-2014

Australia’s underlying rate of inflation increased to 2.6% annually, which was higher than market expectations

The Guardian - AU

What 3 Events Will Traders Be Watching This Week? 24 Jan – 29 Jan, 2022

What 3 Events Will Traders Be Watching This Week? 24 Jan – 29 Jan, 2022

*Please note; The author is working from UTC +13 when determining the timeline of data releases. What 3 Events Will Traders Be Watching This Week? 24 Jan – 29 Jan, 2022 Tuesday, January 25: NAB Business Confidence NAB Business Confidence from Australia hits the market early afternoon on Tuesday.

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