The Week Ahead - Crunch time for the Fed and the BOJ
Nomura – The Week Ahead
Fragile bond markets seek relief; will central banks deliver? In the US, we review the August CPI and preview the FOMC meeting and Fed outlook. In Europe, we share our take on the ECB and the coming BOE meeting. Across Asia, we preview the BOJ meeting and key data in China and India. Chapters: US: 02:05, Europe: 05:48, Japan: 10:28, Rest of Asia: 14:53.
info_outline
The Week Ahead - Back to School
Nomura – The Week Ahead
US rate pricing remains volatile between key data releases and contrasting Fed speak, but tightening by the ECB looks much more certain. US jobs data were resilient, leaving the market awaiting inflation data to ascertain the Fed’s next move. In Europe we preview the ECB’s upcoming rate decision and talk about Scandinavian inflation. Across Asia, we look at inflation and trade data and focus on the challenges facing Indonesia. Chapters: US: 02:02, Europe: 08:13, Asia: 15:25.
info_outline
The Week Ahead – Going down to Jackson
Nomura – The Week Ahead
Central banks and rates in the spotlight. For North America, we preview the Bank of Canada policy meeting, US payrolls data, and discuss the central bank gathering at Jackson Hole. In Europe, we conduct an inflation deep-dive and examine hawkish ECB communication. Across Asia, we preview policy meetings in Malaysia and New Zealand, and key data across the region. Chapters: US: 02:23, Rates Special: 09:21, Europe 20:24, Asia: 25:59.
info_outline
The Week Ahead - Hole-ding Out for a Hero
Nomura – The Week Ahead
Fed Chair Warsh’s Jackson Hole speech comes into view, as do political risks in Europe and a range of Asian central banks. We discuss the Fed Chair’s upcoming speech at Jackson Hole, the likely Fed path and US-Canada trade. In Europe, political developments are on the agenda ahead of a plethora of elections in the next year. In Asia, we preview rate decisions in Korea, Thailand and the Philippines. Chapters: US: 02:23, Europe: 9:42, Asia: 18:50
info_outline
The Week Ahead – Light on data and low on clarity
Nomura – The Week Ahead
Preview of FOMC minutes, UK CPI, Riksbank, China activity data and BI, plus a special segment with Akshay Prasad, IWM Head of Investment Products & Advisory Solutions. We outline what to look out for in the FOMC minutes, UK CPI and labor market data, and the Riksbank decision. In Asia, we discuss China’s tier-1 activity data and fiscal stimulus prospects, as well as the upcoming BI meeting. Special guest: Akshay Prasad, IWM Head of Investment Products & Advisory Solutions, discusses new initiatives and portfolio construction in volatile markets. Chapters: US: 02:30, Europe:...
info_outline
The Week Ahead - Up and Down
Nomura – The Week Ahead
The uncertain oil outlook remains a key theme, while markets await the US CPI report for fresh Fed clues. In the US, we share our forecasts for the coming CPI and retail sales releases and our Fed outlook. In Europe, we preview the central bank meeting in Norway, August sentiment data and discuss the heatwave. In Japan, we examine the BOJ outlook, with fresh minutes to be released and following recent FX intervention to support the yen. Across Asia, we preview key data ahead and the RBA policy meeting in Australia. Chapters: US: 02:24, Europe: 07:23, Japan: 11:13, Rest of Asia: 16:31.
info_outline
The Week Ahead – Mr Un-credible?
Nomura – The Week Ahead
Markets start to question Fed credibility, fiscal issues stay in focus for the UK, while Japan’s monetary and FX policy come into the spotlight. We discuss the Fed Chair’s mixed messages and preview next week’s labour market release. In our special UK segment, we reflect on the BoE’s “dovish” hold and discuss fiscal plans under the new PM. In Asia, the BOJ and JPY intervention are in focus, and we also look ahead to the RBI and regional CPI data ahead. Chapters: US: 02:49 Europe: 13:00, Japan: 25:19, Rest of Asia: 30:08.
info_outline
The Week Ahead – Managing a Litany of Risks
Nomura – The Week Ahead
Preview of the Fed, BOE, BOJ and MAS and a segment discussing market risks with special guest Vijay Sundaram, Global Head of Front Office Risk & Control. We discuss the Fed and BOE remaining on-hold, US core PCE inflation easing, and the latest on UK fiscal plans. Central banks in Japan and Singapore are in focus; we think both are likely to pause, but it is a much closer call for MAS than BOJ. Special guest: Vijay Sundaram, our Global Head of Front Office Risk, speaks about market risks and how risk management is evolving. Chapters: US: 02:27, Europe: 09:21, Japan: 16:28, Rest of Asia:...
info_outline
The Week Ahead - The World Turns
Nomura – The Week Ahead
Europe comes back into focus ahead of the ECB and UK data, with a spotlight also on Korea and the “AI trade”. For Europe, we look ahead to the ECB rate decision, preview UK inflation and labour market data, and discuss UK politics. In the US, we debate Fed Chair Warsh’s recent comments and the latest soft inflation prints. In Asia, the focus is on Korea, the latest monetary policy decision and the impact of the AI/tech sector on the economy. Chapters: Europe: 01:51; US: 07:38; Korea: 14:00; Rest of Asia: 22:18.
info_outline
The Week Ahead – Déjà vu?
Nomura – The Week Ahead
Focus swings back to the Middle East, while we keep an eye out for 2 central bank meetings and key data ahead. In the US, we preview US CPI, retail sales and the Bank of Canada policy meeting. In Europe, we touch on UK GDP data, and discuss politics in the UK and France. In Asia, we share our forecasts for key monthly activity and Q2 GDP data in China, inflation in India, and GDP growth in Singapore. Chapters: US: 02:01, Europe: 11:13, China: 16:11, Asia: 22:01.
info_outlineHear from George Moran, Host & European Economist, David Seif, Chief Economist for Developed Markets, and George Buckley, Chief UK & Euro Area Economist, as they discuss the key drivers for global markets next week. Political events are moving fast in the UK, France and the US, but markets will probably move the most, as they typically do, on US CPI.
Chapters: US (01:12), Europe (06:54), Asia (13:12)