175 search results for: FX

Central Banks

What's on the Horizon for the Global Economy?

Our weekly updated overview highlights the key releases of global economic market data from around the globe and provides an economic outlook for 2025 by region.

3 min read | November 2025

Economics

Asia: Low Inflation is Here to Stay

Disinflation is underway in Asia, with inflation falling within central bank targets across most countries.

3 min read | March 2025

Annual Outlook

Japan Macro Outlook 2025

Nomura’s Japan economists and strategists outline what’s on the horizon as the market returns to normal

4 min read | December 2024

Volatility

The Rise of Algo Trading in FX Markets

Calmer FX markets, liquidity fragmentation and the legacy of the pandemic are among the factors fuelling a new wave of algo usage.

3 min read | June 2024

Economics

Asia Economic Monthly: Asia under Trumponomics 2.0

Increased protectionism, US-China decoupling, US macro policies, pivot from green energy and America First foreign policy could adversely impact many Asian economies.

5 min read | February 2024

Technology

Transforming money into data

Real-time settlements, interoperability of payment rails and programable instruments are boosting cross-border transactions.

3 min read | November 2023

Central Banks

MacroBrew - US Debt Limit: Is It Worse Than 2011?

We discuss the US debt limit and what economic and monetary policy impact the uncertainty could have, as well as political risks and what it means for FX and rates markets.

47 min video | April 2023

Sustainability

ESG360 - Cyberattack: The Growing Threat for ESG Investors

The rapid increase in networking and digitalization in our daily work patterns has increased the cyberattack surface available for criminals to exploit. With cyberattacks growing in both frequency and severity, we discuss the increasing threat for ESG investors.

19 min video | March 2023

Annual Outlook

Euro Area 2023 Outlook – Will Sovereign Debt Risk be a Theme of 2023?

Our forecasts remain among the most pessimistic for euro area growth. We are forecasting a recession to last six quarters, beginning in Q4 2022, with a total GDP contraction of 2.5%. Though there are signs from recent surveys that the fallout from the energy crisis could be milder – especially if lower gas prices persist.

4 min read | January 2023

Central Banks

MacroBrew – The Big ECB and BOE Week

In this episode, we discuss this week's ECB and BOE meetings, and their views against a growth and inflation backdrop.

18 min video | December 2022

Annual Outlook

Asia Macro Outlook 2023: Rolling with the Punches

Recessions in the US and Europe should lead to growth disappointments across Asia early in the new year, but once the dust settles, the region should lead the recovery.

3 min read | December 2022

Sustainability

The Diversity Dividend - Equity as the Bridge to Inclusion

We explore how investment in high quality human capital development programmes for a new dynamic era of inclusion is not only essential for unlocking the diversity dividend, it benefits organizational performance.

21 min video | December 2022

Sustainability

ESG360 – Gender Equality, Disability and the Diversity Dividend

We take note of how companies in East Asia compare to European peers in addressing diversity in the workplace, and what these companies can do to embrace disabled workers and achieve gender equality for the long run.

22 min video | October 2022

Central Banks

MacroBrew – What Sways The Fed?

In this episode, we explore the recent moves in US markets, the softer US data and their Fed call.

27 min video | October 2022

Central Banks

MacroBrew - US Recession Risks

Our US economist and desk strategist share their thoughts on how risks around a recession in the US will impact markets

32 min video | June 2022

Sustainability

ESG360 - The ‘S’ Factor in East Asia

A research project between Nomura and the University of Sheffield’s School of East Asian Studies to explore the Social pillar of ESG with a particular focus on measuring employment in South Korea.

18 min video | June 2022

Central Banks

MacroBrew - The ECB & BOE: Earlier and Faster Hikes?

Our economist and desk strategist share thoughts on the materially new hawkishness from the ECB and the hot and cold approach of the Bank of England to monetary policy.

28 min video | May 2022

Central Banks

MacroBrew - The BOJ’s Policy Stance

We discuss the BOJ’s policy stance, the path forward and the “noise” around monetary policy as global inflationary pressures build.

44 min podcast | January 2022

Sustainability

ESG360 - What to Watch in 2022

Charting the key trends shaping the world of sustainable finance as companies and countries strive to cut carbon emissions and make the world a fairer place.

28 min video | January 2022

Economics

Asia Outlook 2022: As the Tide Turns

We are cautious on Asia’s economic outlook in 2022 as the emergence of the Omicron variant reminds us that the pandemic is far from over.

2 min read | December 2021

Central Banks

MacroBrew - The Covid 19 Endgame

The endgame of Covid-19 leaves economists in a challenging position; in many ways, the outlook is more complicated now than it was at the onset of the pandemic.

28 min video | November 2021

Central Banks

Korea: Japanification Risks Strike Again

Despite a faster-than-expected recovery from the pandemic, structural headwinds are expected to result in lower economic growth in South Korea.

28 min video | October 2021

Economics

The “Troubled Ten” in EM

We warn of ten economies that appear most vulnerable: Brazil, Colombia, Chile, Peru, Hungary, Romania, Turkey, South Africa, Indonesia and the Philippines.

2 min read | September 2021

Central Banks

Indonesia: A Worrying Wave Hits Hard

The Indonesian government has introduced more stringent measures to tackle the resurgence of Covid-19 cases amid the spread of the delta variant and low vaccination rate.

2 min read | August 2021

Economics

China: We See No Fiscal Cliff in 2021

With factors such as a moderate 2020 stimulus, tighter controls on property market financing and planned tapering, we believe China’s economy is unlikely to overheat.

2 min read | April 2021

Volatility

FX Options: Embracing the Potential of Platforms

Regulatory requirements, clients’ drive for efficiency, and the experience of working from home during the COVID-19 pandemic are spurring a shift of FX option activity to platforms.

3 min read | June 2020

Central Banks

UK Outlook 2020

How will the UK fair amongst some Brexit clarity, will 2020 be the year of recovery?

1 min read | January 2020

Economics

Euro Area Outlook 2020

What's in store for the Euro Area as we move into 2020?

2 min video | January 2020

Japan in focus

Quantum Computer Research of Nomura Asset Management

NAM’s Innovation Lab Department and the Graduate School of Information Sciences, Tohoku University explore practical application of quantum computers especially in the machine learning field.

4 min read | November 2019

Technology

Does eFX still require a human touch?

Client demands for speed and efficiency, coupled with regulatory pressure for transparency, will continue to drive the growth of electronic trading, including trading of more complex products

5 min read | November 2019

Central Banks

Are the Major Central Banks Trapped?

The policy reaction function of many of the world’s major central banks looks to have changed and a number have yet again made a dovish shift. We argue that these central banks could be “trapped” in an ultra-loose monetary policy stance and are losing their ability to normalize policy.

2 min read | July 2019

Economics

Damocles Update: Who is at Risk?

Damocles is based on a noise-to-signals approach in which we use eight key indicators to predict currency crises in 30 emerging market (EM) countries; this approach has correctly predicted 67% of the 54 crises since 1996.

3 min podcast | July 2019

Volatility

Low volatility, but can it last?

Apart from Brexit, US-China trade talks, and the potential for Fed cuts, one of the big themes of 2019 thus far has been the surprising state of market volatility.

9 min video | April 2019

Focused thinking

Search

| February 2019

Economics

Equity Markets in 2019: Soft Power Matters

As we approach 2019, we see a slowdown in economic growth rates across the region, but we can also expect some structural changes in the way investors view Asia, such as the China market. Traditionally, investors have looked at China in the context of Asia ex-Japan. However, our projections suggest China will be the biggest component of Asia-Pacific, superseding Japan as the biggest market in the region by 2023. Jim McCafferty, Head of Equity Research AEJ, talks about the forecast of the equity markets in 2019.

2 min video | December 2018

Emerging Markets

Asia FX and rates outlook 2019

We believe the performance of Asia FX/local markets over the coming year can be categorized into three episodes.

0 min video | December 2018

Economics

China outlook 2019: after winter comes spring

As the Chinese saying goes, “After endless mountains and rivers that leave doubt whether there is a path out, suddenly one encounters the shade of a willow, bright flowers and a lovely village. (山重水复疑无路，柳暗花明又一村)”, China’s economic condition is expected to face a difficult H1 2019 before the rebound in H2.

4 min video | December 2018

Economics

Asia in 2019: Always Darkest Before the Dawn

Our 2019 GDP growth forecasts are not too different from the streets – while we are more downbeat on China, India and Malaysia, we are more positive on Indonesia and the Philippines.

3 min video | December 2018

Economics

Oil Price Slump: A Big EM Differentiator

Oil prices have fallen sharply. This drop, if sustained, will have a greater impact on emerging markets than developed markets.

3 min read | November 2018

Economics

In the hunt for yield where are the new sources of volatility?

As mainstream markets evolve, structured products that focus on volatility are becoming more central to risk management and investment. Traditional products, such as long-only equities or bonds, are no longer a sufficient means for investors to achieve their goals.

1 min read | September 2018

Economics

Thailand: a fragile investment cycle

The ongoing investment recovery in Thailand is likely to be unsustainable with the election potentially resulting in another adverse political environment, particularly for private investment.

2 min read | September 2018

Central Banks

Damocles: our early warning indicator of exchange rate crises

Despite the lessons learned from past crises, currency crises still occur from time to time and spread contagiously when they happen. After receiving substantial capital inflows, some EM economies are under pressure this year.

3 min read | September 2018

Economics

Deciphering EM Rate Expectations

What are some of the patterns in Asia with regards to fixing and policy rates? We analyze 14 EM rates markets through the prism of our rates expectation framework.

2 min read | August 2018

Economics

What are the five key drivers for Latin America FX in H2 2018?

Owing to the recent dollar move, we revisit the main drivers and forecasts for LatAm FX in H2 2018. We have identified the following five key drivers which are likely to continue to be important in terms of currency performance in the second-half of the year.

1 min read | June 2018

Economics

Global Emerging Markets Podcast Series

Goldilocks economic conditions of strong growth and low inflation and the hunt for yield mean that most investors remain optimistic. But in our three podcasts below, Nomura economists point out that there are good reasons to be cautious.

11 min podcast | May 2018

Economics

Brazil: What is currently priced in? (Presidential election edition)

Upcoming presidential elections in Brazil will continue having a key role in local asset prices. Therefore, a clearer understanding of what the market is pricing in with regard to the presidential election outcome (and the implications for the approval of long-awaited pension reform) will be key for trading Brazil over the coming months.

2 min read | May 2018

Economics

What is fuelling trade in global emerging markets?

Trade has played a critical role in the development of emerging market (EM) countries. But as we discuss in our video, the increase in protectionist rhetoric in recent years threatens to stall or even reverse globalization. How will EM countries cope?

2 min read | April 2018

Economics

How is technology transforming global emerging markets?

Technology has transformed the global economy in the last decade and made it easier to transfer knowledge. Now it’s giving emerging markets a competitive advantage, allowing them in some cases to be more agile and innovative than developed economies.

1 min video | April 2018

Focused thinking

Who would bear the brunt of increased US protectionism?

In this study, our economists assess the impact of US trade protectionism, centering on China. The goal is to examine which countries and industries would ultimately bear the brunt should the US step up trade protectionism.

1 min read | March 2018

Economics

Time for the National Pension Service to escape “home bias”

The National Pension Service (NPS) is Korea’s social security reserve fund. It was created in 1988 to support the retirement benefits of its citizens. Asset allocation ultimately determines the long-term investment performance of any pension fund. We explore five reasons why the NPS will become more ambitious in accelerating its allocation shift to overseas assets, particularly equities.

3 min read | February 2018

Economics

Get ready for rising rates

Rising interest rates present challenges for both investors and corporates. However, there are a variety of cost-effective solutions available, according to Matthew Reader, Head of Fixed Income Structured Products and Jonathan Rogers, Head of Rates & Hybrid Structuring, EMEA.

6 min read | November 2017

Economics

Highlights from Nomura Investment Forum Asia 2017

We held our 14th annual Nomura Investment Forum Asia (NIFA) from June 6 to 9, 2017 in Singapore. Hear from some of our key speakers in a highlight video from the conference.

6 min video | August 2017

Economics

Are striving tiger cubs the next phase of flying geese?

Our Asia economists present their scorecard of 23 Emerging Markets on foreign direct investment attractiveness and confirm India and ASEAN’s advantage over other Emerging Markets due to multiple push and pull factors.

11 min podcast | August 2017

Volatility

Deal-contingent hedging: a flexible way to mitigate risk

Recent geopolitical volatility has had dramatic repercussions in the financial markets. The Brexit negotiations between the UK and EU have caused sterling to plummet to lows not seen in years, and protectionist rhetoric from the US has sent shockwaves through global FX markets and lifted interest rates to 5-year-highs.

4 min read | January 2017