Our weekly updated overview highlights the key releases of global economic market data from around the globe and provides an economic outlook for 2023 by region.
3 min read | June 2023
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
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
Our Cross-Asset Macro Strategist discusses whether the strong US data is a macro game changer.
42 min video | March 2023
Our Chief China Economist from the Asia economics team discusses whether China’s reopening is running full steam ahead.
28 min video | February 2023
This is the final part of our two-part 2023 ESG Outlook Series, in which we explore the year ahead for policy and regulation.
15 min video | January 2023
This is the first of our two-part 2023 ESG Outlook Series, in which we explore what this year has in store for green deals.
29 min video | January 2023
In this episode, we discuss European growth and the ECB policy outlook.
27 min video | January 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
We review the key points discussed in our ESG in East Asia series, including the diversity dividend and employment, demographic pressures and business opportunities.
26 min video | December 2022
In this episode of our Fireside Chats podcast series, we talk with Rob Subbaraman, Global Head of Macro Research, and Sonal Varma, Chief Economist India & AEJ, on the 2023 outlook.
33 min video | December 2022
Nomura’s Japan economists and strategists outline what’s on the horizon as the country opens up.
5 min read | December 2022
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
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
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
Our early warning model of EM exchange rate crises shows Egypt, Romania, Sri Lanka, Turkey, Czech Republic, Pakistan and Hungary are at risk
2 min read | November 2022
We review the proposals, announcements and progress discussed at the UN's Climate Change Conference held in Egypt in November 2022.
33 min video | November 2022
In this episode, we explore what the weak CPI number means for the Fed, markets, and a recap on the midterms elections
31 min video | November 2022
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
In this episode, we explore the recent moves in US markets, the softer US data and their Fed call.
27 min video | October 2022
In this podcast, we explore how factors such as climate change, a population explosion and food security are driving AgTech solutions like insect protein and lab-grown meat.
28 min video | October 2022
In this episode, we explore the impact of UK energy and fiscal policy on markets amidst global growth concerns.
38 min video | September 2022
Our European Economics team discuss what the hawkish turn from the European Central Bank means for the Euro Area and risks around the outlook.
26 min video | September 2022
We explore the greater than expected power demand in Japan and the impact of demographic changes in South Korea.
21 min video | September 2022
Asia’s growth cycle is nearing an inflection point. It’s a tale of an interrupted recovery in the region, even as we expect the US and Europe to slip into mild recessions soon.
4 min read | September 2022
We take a look at the resilience of green energy stocks amid a broad-based stock market downturn in the first half of the year.
23 min video | August 2022
We discuss how how the best firms try to align their employees’ values and objectives with their own
0 min read | July 2022
Our Japan economist and Global Macro strategist share their thoughts on how recent market conditions impact Japan and the BOJ's policy around yield curve control
26 min video | July 2022
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
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
Our global economists share their thoughts on the state of Asia’s underlying inflation and what it means for the Macro outlook.
26 min video | May 2022
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
In this episode of ESG360, Joe Mezrich, Nomura’s Head of Equities Quantitative Strategy, shares his insights on how to fix the underperformance of U.S. 'quality' investing.
13 min video | May 2022
Our economist and fx strategist share their thoughts on fast-tracked border re-openings in Southeast Asia
In this episode of ESG360, we discuss Europe’s plan to reduce its reliance on Russian fossil fuels and what that means for the energy transition
22 min video | April 2022
Our economist and desk strategists share their thoughts on the upcoming French presidential election with the first round this upcoming weekend.
26 min video | April 2022
Our Japan economists share their thoughts on the recent JPY weakness and what we can expect ahead from policy makers.
We discuss recent developments in the EU's social taxonomy, how financial firms are managing climate risk and the ESG implications in Ukraine
24 min video | March 2022
We discuss the future of solar energy as pressure builds on countries to reach net zero emissions goals
15 min video | March 2022
Our US economists share their thoughts for US growth, inflation and the big call on the Fed meeting.
32 min video | March 2022
Our economists and desk strategist discuss their thoughts for the ECB, the BOE, the RBA and rates markets.
32 min video | February 2022
28 min video | February 2022
Our guests discuss the EU’s controversial move to add natural gas and nuclear to its green taxonomy, and the increased issuance of social bonds driving change in Asia.
23 min video | February 2022
The impact of Covid-19 on PGG varies across countries with emerging markets seem to be recovering from the pandemic at a slower pace than the advanced economies and thus appear more vulnerable to scarring effects and lower global potential GDP growth.
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
We discuss key events and themes to track in 2022, and how they might affect our views.
57 min video | January 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
Our Japan Macro and FX strategy team share their thoughts for Japanese markets in the year ahead
26 min video | January 2022
Covid-19 has exacerbated income inequality, which could slowly build to big surprises in politics and as a result dramatically impact markets.
We expect strong but slowing growth, elevated inflation and accelerated Fed policy normalization
6 min read | January 2022
High inflation has central banks feeling the heat, but by late 2022 we see a very different backdrop, with stagnation a bigger risk than stagflation.
4 min read | December 2021
Gareth Nicholson, CIO and Head of Discretionary Portfolio Management, International Wealth Management, shares the top seven asset allocation themes going into 2022.
28 min video | December 2021
Our strategists share their top FX and rates views in 2022
30 min podcast | December 2021
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
32 min podcast | December 2021
Nomura’s Japan experts outline what’s on the horizon as the country’s economy approaches the endgame of the Covid-19 pandemic
3 min read | December 2021
Why is tourism in ASEAN is likely to disappoint ahead?
22 min podcast | November 2021
Four countries – Egypt, Romania, Turkey and Sri Lanka – are currently at risk of a currency crisis with Damocles scores above 100.
3 min read | November 2021
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
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
Inflation expected to go higher in the near future, but will it last?
28 min podcast | October 2021
The latest surge in energy prices and what it means for inflation?
26 min podcast | October 2021
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
Asia's tech cycle and growth opportunities to watch.
26 min podcast | September 2021
Outlook for Japan and markets ahead of the election.
30 min podcast | September 2021
An outlook for the Philippines amid the latest Covid-19 wave, with guest speaker Benjamin Diokno, BSP Governor.
60 min video | September 2021
China’s curbs on the property sector likely mean sacrificing short-term stability, but could pave the way for Beijing to pursue long-term growth
28 min podcast | August 2021
How bad is the situation on the ground, and how did they get here?
24 min podcast | August 2021
Covid-19 pressure causing a delay in ASEAN's economic recovery.
Is China approaching a slowdown?
30 min podcast | August 2021
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
The UK's outlook following mass easing of Covid-19 restrictions.
27 min podcast | July 2021
Biden’s $1.2 trillion infrastructure plan, what to expect?
38 min podcast | July 2021
Commodities and inflation are rising, how will they respond across the pond?
29 min podcast | June 2021
It is time for global investors to recognize China's scale and complexity, consider it a separate asset class and dedicate more resources and funds to this market.
3 min read | June 2021
We discuss the impact of this recent wave of Covid-19 infections.
35 min podcast | May 2021
The Global semi-conductor chip shortage and impact to markets.
26 min podcast | May 2021
Outlook on China's North-South divide.
30 min podcast | May 2021
The surge in Covid-19, and it's impact on India's outlook
34 min podcast | April 2021
Which EM central banks are more at risk of falling behind the curve and of greater fiscal dominance?
65 min podcast | April 2021
What are Biden's plans for growth this year?
22 min podcast | April 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
Outlook for ASEAN economies.
27 min podcast | March 2021
Which Emerging Markets are at risk of an exchange rate crisis?
22 min podcast | March 2021
We see two key longer-term factors supporting RMB appreciation.
30 min podcast | March 2021
How will the upcoming BoJ and ECB meetings impact monetary policy strategy and markets?
43 min podcast | March 2021
What can we learn from Australia and New Zealand on life without Covid-19.
31 min podcast | February 2021
Will the vaccine rollout result in the comeback story of 2021?
40 min podcast | January 2021
Why are Asian economies going to be the outperformers of 2021?
3 min podcast | January 2021
What does 2021 hold for the USA?
The still-raging pandemic produced a unique recession in 2020, but what does the future hold?
4 min read | December 2020
We are overall quite positive on the outlook for Asia in 2021, with an above consensus GDP growth rebound.
6 min read | December 2020
Our Global outlook for 2021.
39 min podcast | December 2020
What will 2021 mean for Asia's outlook?
30 min podcast | December 2020
What will 2021 mean for FX markets?
28 min podcast | December 2020
After a record year of issuance, what's next for ESG?
37 min podcast | December 2020
Absence of clear standards makes analyzing the financial risk differential between green and brown assets challenging for financial institutions.
5 min read | December 2020
Is China becoming more self-sufficient?
3 min video | November 2020
Analysis of the rapid growth in 20 EM central bank balance sheets and show how 10 are now larger than that of the US Fed (relative to GDP).
3 min read | November 2020
How much of an impact are the recent protests having on the Thai Economy?
34 min video | November 2020
How are FX markets dealing with the recent volatility?
3 min podcast | November 2020
Our US Economics team on what to make of the US election results.
31 min podcast | November 2020
With less than a week till Election Day, we've highlighted the key policies, swing states, probabilities, events and more to keep in mind.
3 min read | October 2020
Our European Economics team, discuss the key lessons to be learnt from new Covid-19 outbreaks.
3 min podcast | October 2020
Is Indonesian 'helicopter money' keeping their economy aflight?
26 min podcast | October 2020
What's driving Global risk sentiment?
47 min podcast | October 2020
In this episode of our Fireside Chats series, we are talking with Aichi Amemiya, our US Economist, on the world after Covid-19
We talk with Robert Dent, from our US economics team, on the outlook for the US after the first TV debate.
17 min podcast | October 2020
In this webinar, we discuss recent major developments in Indonesia including lockdown measures re-imposed in Jakarta.
56 min video | September 2020
With a change in leadership after the resignation of Prime Minister Shinzo Abe, what's next for Japan?
17 min podcast | September 2020
What would the 2020 US election mean for FX markets?
18 min podcast | September 2020
Will the European Central Bank follow in the Fed’s footsteps and implement average inflation targeting?
5 min read | September 2020
In this episode of our Fireside Chat series we are talking with Lewis Alexander our Chief US Economist on the 2020 US election.
32 min podcast | September 2020
Have Governments and Investors reached their limits?
21 min podcast | August 2020
In this episode of our Fireside Chat series Jordan talks with Marco Brancolini from our EUR rates desk strategy team on the EU recovery fund.
21 min podcast | July 2020
The state of Asia's Emerging Markets and how they got there.
18 min podcast | July 2020
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
In our latest Fireside Chat episode we discuss the impact of the 2020 US Presidential election will have on our market outlook.
28 min podcast | June 2020
Is mobility data the next tool in the fight against Covid-19?
18 min podcast | June 2020
In this week’s episode Euben Paracuelles discusses how some Asia's EMs are coping with the impact of the COVID-19.
16 min podcast | May 2020
How have the Antipodes navigated COVID19 so well, and what are the next steps for their economy?
18 min podcast | May 2020
Different ways to think about the contraction and the long road to recovery
4 min read | May 2020
Craig Chan our Global Head of FX Strategy discusses what his thoughts are for the upcoming US Treasury FX report
9 min podcast | May 2020
Jordan Rochester and our Chief US Economist Lewis Alexander discuss how the FED intends on combating Covid-19
20 min podcast | April 2020
In this episode of our Fireside podcast series Jordan Rochester and our Chief China Economist Ting Lu discuss the outlook for China.
24 min podcast | April 2020
Our Chief Euro Area Economist George Buckley and FX Strategist Jordan Rochester discuss what the future holds for Europe under lockdown.
19 min podcast | April 2020
We expect upstream companies to be more attractive in the tech sector in 2020.
1 min read | January 2020
How will the UK fair amongst some Brexit clarity, will 2020 be the year of recovery?
Will this New Year mean a New Brexit?
2 min video | January 2020
What's in store for the Euro Area as we move into 2020?
We expect Japan to remain on a path of “steady but slow” economic growth in 2020.
1 min video | December 2019
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
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
Expectations are growing that the BOJ will decide to further loosen monetary policy.
5 min read | October 2019
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
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
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
| February 2019
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
We believe the performance of Asia FX/local markets over the coming year can be categorized into three episodes.
0 min video | December 2018
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
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
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
How X-Elio completed Japan’s largest solar sale – and what it says about the sector’s evolution
4 min read | November 2018
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
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
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
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
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
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.
8 min podcast | May 2018
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
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
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
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
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.
2 min read | February 2018
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
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
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
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.
3 min read | January 2017
