Nomura – The Week Ahead

We explore the main themes that will drive global markets over the coming week, discussing the key market moving events and risks to keep on your radar.

The Week Ahead - A funny thing happened on the way to the forum 07/03/2026

The Week Ahead - A funny thing happened on the way to the forum Following the Sintra Central Banking Forum, we discuss the ECB and Fed outlooks, and the impact of the latest labour market data on the latter. Fed Chair Warsh remains steadfast in avoiding forward guidance, but we see dovish hints in some of his comments. We look at the change in ECB rhetoric and softer inflation data which may signal only one more rate hike. In China, we focus on upcoming inflation data and how monetary and fiscal policy can respond. Chapters: US: 01:58, Europe: 09:24, China: 14:46, Asia: 22:37. /episode/index/show/nomurapodcasts/id/41954145

The Week Ahead - The Second Wave 06/26/2026

The Week Ahead - The Second Wave Tracking second-round inflation effects from oil, and a second round of USD strength. In the US, we examine the latest inflation clues, the Fed outlook and the coming payrolls report. In Europe, we preview the central bank gathering in Sintra, the ECB outlook and June inflation data. In Japan, we look at key activity data and policy developments, both monetary and fiscal. Across Asia, we preview PMI data in China and activity and inflation data in Korea. Chapters: US: 2:19, Europe: 08:44, Japan: 18:16, Asia: 17:27. /episode/index/show/nomurapodcasts/id/41814115

The Week Ahead - Meet the New Boss 06/19/2026

The Week Ahead - Meet the New Boss New Fed Chair Warsh moved markets meaningfully – we discuss how to think about US monetary policy from here. Kevin Warsh’s first FOMC meeting as Chair caused a big reaction in markets; we outline what to expect from US monetary policy from here. In Europe, we look at the increasing divergence in our ECB and Bank of England rate calls. In Asia, we discuss Bank Indonesia’s recent hikes and the upcoming Bank of Thailand decision. Chapters: Rates Special: 01:53, US: 08:18, EMEA: 20:29, Asia: 24:18. /episode/index/show/nomurapodcasts/id/41701480

The Week Ahead - Special Edition - Conversations at NIFA 2026 Part 2 06/16/2026

The Week Ahead - Special Edition - Conversations at NIFA 2026 Part 2 Dr. Leslie Teo, one of our eminent speakers at the Nomura Investment Forum Asia (NIFA), discusses all things AI. Dr. Leslie Teo talks about his views on where economic value from AI is created over the long term and the monetization of large AI capex… as well as his thoughts on productivity gains to boost economic growth and where things stand on the ‘job apocalypse” debate. /episode/index/show/nomurapodcasts/id/41660505

The Week Ahead - Not Rocking the Boat 06/12/2026

The Week Ahead - Not Rocking the Boat This week, we expect on-hold decisions by the Fed, BOE, SNB, Riksbank, Norges Bank, RBA and BI, but hikes by BOJ, BSP and CBC. We expect the Fed, BOE, SNB, Riksbank, Norges Bank, RBA and BI to all keep policy rates unchanged. By contrast, we see the BOJ, BSP, and CBC as likely to hike at a measured pace. Statements will be non-committal across the board, and all eyes on Fed Chair Warsh who will likely try to be balanced. Chapters: US:1:53, UK:9:05, Japan:14:54, Asia:14:59. /episode/index/show/nomurapodcasts/id/41621010

The Week Ahead Special Edition – Conversations at NIFA 2026 06/09/2026

The Week Ahead Special Edition – Conversations at NIFA 2026 Eminent speakers at the Nomura Investment Forum Asia – Dr. Ng Eng Hen and Sir Richard Moore – discuss geopolitics, US-China relations, and the Middle East conflict. Dr Ng Eng Hen, formerly Singapore’s Defence Minister, shares his thoughts on shifts in US policies and the implications for Asia. Sir Richard Moore, senior strategist at Sixth Street and former MI6 chief, weighs in on prospects of a long drawn-out war in Iran. /episode/index/show/nomurapodcasts/id/41585345

THE WEEK AHEAD – He Says, They Say 06/05/2026

THE WEEK AHEAD – He Says, They Say Uncertainty in the Middle East continues, as key central bank meetings approach. In the US, we examine the resilience of the economy and preview the upcoming CPI report. In Europe, we review recent inflation data and explain why we expect an ECB rate hike next week. In Japan, we preview the Q1 GDP report and take a close look at the BOJ. Across Asia, we share our take on key data coming out in Japan and China, touch on the Trump/Xi meeting and preview the central bank meeting in Indonesia next week. Chapters: US: 01:57, Japan: 11:56, Asia:15:50, Europe: 16:47. /episode/index/show/nomurapodcasts/id/41546875

The Week Ahead – Live from NIFA 2026 – Asia Rewired 06/03/2026

The Week Ahead – Live from NIFA 2026 – Asia Rewired We discuss the economic impact and investment opportunities of geopolitical transitions, China shock, and the AI revolution reshaping Asia. At the sidelines of Nomura's Investment Forum Asia (NIFA) in Singapore, we highlight key takeaways from our new anchor report “Asia Rewired.” Shifts like the AI revolution and trade realignment are rewiring Asia, creating winners and losers as well as investment opportunities. China, Malaysia, South Korea, Australia, and Singapore stand to benefit the most, while lower-income economies face some challenges. /episode/index/show/nomurapodcasts/id/41510670

The Week Ahead - The Final Countdown 05/29/2026

The Week Ahead - The Final Countdown This week, geopolitical tensions may be cooling but the fallout is rising with growth, inflation and central bank reactions evolving rapidly. We look ahead to the US labour market data and the ongoing hawkish shift in Fed communications. In Asia, we preview the RBI’s next meeting and look ahead at inflation data around the region. In Europe, we discuss what factors – such as inflation expectations – could shift our views on the ECB and BoE. Chapters: US: 2:27; Asia: 11:01; Europe: 17:09; /episode/index/show/nomurapodcasts/id/41465140

The Week Ahead - Adding Fuel To The Fire 05/22/2026

The Week Ahead - Adding Fuel To The Fire This week, after a sharp rise in global bond yields, we await key inflation data in the US and Euro area, and discuss the fallout in Asia. We preview US core PCE and Euro area inflation, discuss a change in our Fed forecasts, and update on UK politics. In Asia, we preview decisions by the BOK and RBNZ, as well as core inflation in Singapore. And, in a special segment, Albert Leung, our Head of Asia rates strategy, discusses rising global bond yields and opportunities in Asia. Chapters: US: 2:10; London: 11:02, Asia: 16:50; Special Market Segment: 23:51 /episode/index/show/nomurapodcasts/id/41393685

The Week Ahead - Holding Up 05/15/2026

The Week Ahead - Holding Up This week, in the US, we examine the health of the consumer and the challenges facing incoming Fed Chair Kevin Warsh. In Europe and the UK, we examine UK politics, key incoming data and ECB communication. In Japan, we discuss economics and geopolitics, with the visit from US Treasury Secretary Scott Bessent this week. Across Asia, we share our take on key data coming out in Japan and China, touch on the Trump/Xi meeting and preview the central bank meeting in Indonesia next week. Chapters: US: 2:08; Europe: 7:34; China: 13:07; Japan: 17:41; Asia: 22:04; Australia: 26:14 /episode/index/show/nomurapodcasts/id/41307745

The Week Ahead – The End of the Beginning, or the Beginning of the End? 05/08/2026

The Week Ahead – The End of the Beginning, or the Beginning of the End? This week, in the US, we assess the latest strong/weak labour market data and look ahead to next week’s inflation print. Politics is in focus in Asia, ahead of the Trump-Xi meeting and following India’s state elections, with inflation data also due in both China and India. In Europe, we also discuss local politics in the UK and the recent changes to our ECB and BoE rate calls. Chapters: US: 2:00; China: 8:35; India: 18:35; Europe: 26:00 /episode/index/show/nomurapodcasts/id/41216860

The Week Ahead – Up and Up 05/01/2026

The Week Ahead – Up and Up This week, in the US, we recap the FOMC meeting and key data and look ahead to the coming Payrolls report. In Europe, we review the ECB and BOE policy announcements and outlook, and preview central bank meetings in Sweden and Norway. Across Asia, we preview earnings data in Japan and the upcoming central bank meetings in Malaysia and Australia. And in a bonus special interview, Jon Cohn discusses the market backdrop. Chapters: US: 2:26; Market Special Segment: 10:19, Europe: 17:04; Japan: 22:25; Asia: 25:20; Australia: 29:13 /episode/index/show/nomurapodcasts/id/41117485

The Week Ahead – Central Banks' Bigger Bark Than Bite 04/24/2026

The Week Ahead – Central Banks' Bigger Bark Than Bite This week, we preview decisions from the Fed, ECB, and BOE, but expect no fireworks. In Asia, the BOJ may sound hawkish but BOT is likely dovish. In a special segment, our head of Global Macro Research, Rob Subbaraman, argues that the bark of central banks will be bigger than their bite. Chapters: US: 2:10; Europe: 8:37; Japan: 15:48; Asia: 20:28; Central Banks Special Segment: 22:48 /episode/index/show/nomurapodcasts/id/41003565

The Week Ahead – Diverging Fortunes 04/17/2026

The Week Ahead – Diverging Fortunes This week, we discuss our views on the ceasefire from a US perspective, the latest from the Fed, and fiscal policy in Europe. Rate decisions in Indonesia and Philippines are the focus in Asia, with a hike seen from the latter. We preview key UK labour market and inflation data, and European surveys, ahead of the BoE’s April meeting. Chapters: US: 1:43; Asia: 10:20; Europe: 17:03 /episode/index/show/nomurapodcasts/id/40910190

The Week Ahead - It's a Fragile Truce 04/10/2026

The Week Ahead - It's a Fragile Truce This week, we discuss our views on the ceasefire from a US perspective, the latest from the Fed, and fiscal policy in Europe. We preview key data such as China’s Q1 GDP and India’s March CPI, as well as the MAS decision. We feature our latest special reports on why China is looking resilient and whether Asian central banks will hike rates or not. Chapters: US: 1:51; Europe: 9:37; China: 15:41; Asia: 22:09 /episode/index/show/nomurapodcasts/id/40800585

The Week Ahead – They Think It's All Over... 04/02/2026

The Week Ahead – They Think It's All Over... This week, we look back at the effects already being felt across the global economy. In the US, we preview employment and inflation releases, and outline why we pushed back the timing of our Fed cut expectations. In Europe, we discuss the latest inflation data, how this shock differs from 2022, and the political response to recent developments. In Asia, we note that the shock is evolving into broader supply shortages, preview March CPI prints, and discuss rate decisions by RBI, BoK, and RBNZ. Chapters: US: 2:25; Europe: 8:44; Asia: 14:56 /episode/index/show/nomurapodcasts/id/40711885

Special Edition: Nomura Central Bankers' Seminar 04/01/2026

Special Edition: Nomura Central Bankers' Seminar With geopolitics and the US economy in focus at our Central Bankers’ Seminar, we are delighted to bring two expert speakers to the podcast. Former Fed Governor and NEC Chair Lael Brainard discusses the outlook for the US economy and the path for the Federal reserve. Economic historian and geopolitical expert Niall Ferguson gives his views on the Iran war and how it will impact the geopolitical landscape in the short and long term. /episode/index/show/nomurapodcasts/id/40698080

The Week Ahead - Deal or No Deal? 03/27/2026

The Week Ahead - Deal or No Deal? This week, The Middle East conflict remains front and centre. In the US, we discuss the conflict and the health of the consumer and preview the March Payrolls report. In Europe, we compare the spike in oil and gas prices with the 2022 experience and examine recent survey and coming inflation data. Across Asia, we examine how the Middle East crisis is impacting China and Japan, and preview key data releases over the week ahead. Chapters: US: 2:15; Europe: 9:32; China: 14:54; Japan: 21:11; Asia: 26:16 /episode/index/show/nomurapodcasts/id/40643585

The Week Ahead - The Fallout from Epic Fury 03/20/2026

The Week Ahead - The Fallout from Epic Fury This week, we discuss our views on the policy signals from recent decisions by the Fed, ECB and BOE. In the Middle East, we continue to monitor the impact of the Iran conflict on their respective economies, and any signs of possible de-escalatio, or not. We also have a special segment with Craig Chan, our global head of FX strategy, discusses which currencies could be vulnerable versus those that are more resilient. Chapters: US: 1:45; Europe: 11:15; Special Segment - FX: 18:30 /episode/index/show/nomurapodcasts/id/40559170

The Week Ahead - Iran, Oil, and the Central Bank Response 03/12/2026

The Week Ahead - Iran, Oil, and the Central Bank Response This week, we preview central bank policy responses amid the elevated uncertainity in the Middle East. In the US, we see the economy as relatively insulated from Middle East turmoil and discuss likely FOMC communication next week. In Europe, we discuss the risk of earlier ECB rate hikes and delayed Bank of England rate cuts Across Asia, we expect a less dovish tone from Bank Indonesia, more hawkish projections from the CBC in Taiwan, and discuss the risk of a rate hike in Australia. Chapters: US: 1:45; Europe: 8:20; Japan: 14:35; Asia: 18:45 /episode/index/show/nomurapodcasts/id/40414500

The Week Ahead – Stuck In The Middle With Crude 03/06/2026

The Week Ahead – Stuck In The Middle With Crude The markets are fixated on the Middle East, especially on how rising energy prices will impact inflation. We see challenges for the larger energy importers in Asia and Europe, and now expect the Bank of England to leave rates unchanged in March. In the US, we also discuss the downside miss to February’s labour market data and preview next week’s inflation print. Chapters: Middle East: 1:53; US: 11:44; Asia: 19:34; Europe: 24:14 /episode/index/show/nomurapodcasts/id/40342975

The Week Ahead – Tariff Uncertainty is Back… Or Is It? 02/27/2026

The Week Ahead – Tariff Uncertainty is Back… Or Is It? This week, we discuss US tariff policy and geopolitical risks in Iran while the US jobs report is on tap. We also preview the UK Spring Statement, the NPC meeting in China, and inflation data in Asia. Finally, we have a special segment with Tomochika Kitaoka, Chief Equity Strategist, on why he remains positive on the Japanese stock market. Chapters: US: 2:25; UK: 9:20; Asia: 13:45; Japan Special Segment: 21:40 /episode/index/show/nomurapodcasts/id/40253300

The Week Ahead - Horsing Around: The Chinese New Year Begins at a Canter 02/20/2026

The Week Ahead - Horsing Around: The Chinese New Year Begins at a Canter This week, we examine coming US inflation and labour market data, and the Fed outlook following a hawkish set of minutes this week. In Europe, we discuss reports that President Lagarde could be leaving the ECB early and consider the growth and inflation outlook for the region. Across Asia, we preview the Bank of Korea and Bank of Thailand policy meetings, and examine key coming data in India, Japan and Australia. Chapters: US: 2:00; Europe: 8:15; Asia: 14:00 /episode/index/show/nomurapodcasts/id/40174990

The Week Ahead - Taking it in Stride in the Year of the Horse? 02/13/2026

The Week Ahead - Taking it in Stride in the Year of the Horse? This week, we discuss US labor markets and preview US core PCE, UK CPI and other key data in Europe. In Japan Post-election policies are in focus while RBNZ, BI and BSP decisions are on tap. In a special segment, we feature two anchor reports by our APAC rates strategists and their views on the outlook. Chapters: US: 2:36; Europe: 10:17; Japan: 15:38; Asia Rates Special: 20:40 /episode/index/show/nomurapodcasts/id/40097820

The Week Ahead - A Dove in Hawk’s Clothing? 02/06/2026

The Week Ahead - A Dove in Hawk’s Clothing? This week, we discuss our new Bank of England view and the risks to euro area interest rates. In the US, the prospective Fed chair, labour market data and inflation are all in focus. In Asia, we preview elections in Japan and Thailand and how they may impact local economies and financial markets. /episode/index/show/nomurapodcasts/id/40020640

The Week Ahead - Whack-a-mole 01/30/2026

The Week Ahead - Whack-a-mole This week, we discuss the weaker US dollar, as well as the FOMC meeting and payrolls data ahead. Also in focus is the announcement of an historic India-EU trade deal following an incredible 20 years of negotiation. We also look at monetary and fiscal matters in India, with the upcoming budget and central bank policy meeting. In Europe, we look out for the Bank of England and European Central Bank meetings, with a stronger EUR making things a little more interesting. And finally, we preview the Reserve Bank of Australia meeting, following stronger than forecast core inflation data this week. /episode/index/show/nomurapodcasts/id/39933945

The Week Ahead - Ice, Ice Maybe: US Geopolitics Special 01/23/2026

The Week Ahead - Ice, Ice Maybe: US Geopolitics Special In the aftermath of President Trump’s Davos speech, we discuss his aims, the response from others and potential constraints. We also welcome guest speaker, Samira Fazili, Managing Director, US Public Policy and Government Affairs, to share her views on the latest geopolitical developments. In addition, we preview the FOMC decision where we see rates remaining unchanged albeit with some voting dissents. In Australia, we look to crucial CPI data ahead of the RBA decision in February. /episode/index/show/nomurapodcasts/id/39850125

The Week Ahead – It’s One Battle After Another 01/16/2026

The Week Ahead – It’s One Battle After Another We preview US core PCE, UK CPI, and China GDP, and discuss the latest on geopolitics and the Fed. In Japan, the BOJ is on the spotlight amid JPY weakness and prospects of snap elections. Norges Bank, CBRT, BI and BNM are also on tap with likely divergent forward guidance. Chapters: US: 01:55, Japan: 09:20, China & Asia: 15:40, Turkey, Europe & UK: 22:05. /episode/index/show/nomurapodcasts/id/39759155

The Week Ahead - Back with a Bang 01/09/2026

The Week Ahead - Back with a Bang We discuss US geopolitical developments and their potential economic impact, as well as the latest employment and inflation data. The Bank of Korea is likely to leave rates unchanged in January, but we also outline our more hawkish view for the 2026. In Europe, we preview the UK data releases, review euro area inflation and discuss prospects for closer UK-EU relations. Chapters: US: 02:10, Korea and Asia: 09:45, Europe: 15:55. /episode/index/show/nomurapodcasts/id/39674455

Nomura – The Week Ahead

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