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 Sticky Situation 10/16/2026

The Week Ahead - A Sticky Situation Amid sticky US inflation and AI unwind concerns, we assess the Fed outlook, alongside UK resilience and the outlook for China. In the US, hotter-than-expected inflation data are is unlikely to force a Fed hike in October, while AI wobbles shouldn’t impact the broader economy for now. In Europe, UK inflation and jobs data are is in focus, alongside a French fiscal vote. In Asia, we look at China’s Q3 GDP data release and discuss the latest developments regarding EU-China trade policy. Chapters: US: 02:59; EMEA: 08:59; China: 14:34; Rest of Asia: 21:47 /episode/index/show/nomurapodcasts/id/43321579

The Week Ahead - Special Edition: Assessing EM Sovereign Ratings with Fitch 10/14/2026

The Week Ahead - Special Edition: Assessing EM Sovereign Ratings with Fitch At our Nomura Research Forum in Bangkok, Fitch’s Thomas Rookmaaker and Erich Arispe, heads of Asia-Pacific and Eastern Europe sovereigns, respectively, discuss EM credit ratings which are facing multiple shocks. /episode/index/show/nomurapodcasts/id/43291039

Understanding Japan - How are Demographics Changing Japan? 10/13/2026

Understanding Japan - How are Demographics Changing Japan? Japan's working-age population isn't just aging anymore, its shrinking. But here's the paradox: fewer workers, rising productivity, rising GDP per capita and inflation. If you cannot fix the labor shortages, what do you do instead? /episode/index/show/nomurapodcasts/id/43257238

The Week Ahead - Mon Dieu! 10/09/2026

The Week Ahead - Mon Dieu! We take a deep-dive into French bond market turmoil, while tracking other risks and key events ahead. In Europe, we examine French and peripheral bond markets with special guest Marine Mazet. In the US, we preview coming inflation and growth data, and discuss the Fed outlook. Across Asia, we cover the RBI’s rate hike decision this week, inflation in China and expected policy tightening in Singapore. Chapters: Europe: 2:51; US: 8:44; Asia: 15:55; Australia: 21:52 /episode/index/show/nomurapodcasts/id/43232918

The Week Ahead - Blow Up? 10/02/2026

The Week Ahead - Blow Up? Amid very volatile rate movements, we examine the impact of economic and political fundamentals on markets. In the US we analyse the latest labour market release, recent inflation data, and less-hawkish Fed-speak. In Europe, we discuss the French fiscal challenges have dominated the European newsflow alongside recent inflation data and how the ECB might react. In Asia we talk about why the RBI’s rate hiking cycle may be different this time around, as well as the economy’s broader vulnerabilities. /episode/index/show/nomurapodcasts/id/43144843

The Week Ahead - Special Episode - Fireside Chat with Dr Catherine L Mann 10/01/2026

The Week Ahead - Special Episode - Fireside Chat with Dr Catherine L Mann What’s priced in? Risk premia vs real policy. Live from the Nomura London Macro Forum our lead economists discuss with Dr Mann, whether market pricing or consensus outlook is closer to BoE thinking. Amid elevated uncertainty, how far do rates need to rise? And, why the BoE can’t rely on markets to tighten on its behalf. /episode/index/show/nomurapodcasts/id/43124608

The Week Ahead – Still looking cloudy from the summit 09/25/2026

The Week Ahead – Still looking cloudy from the summit Risk-off mode despite the Trump-Xi meeting, and ahead of US core PCE and jobs report, China PMIs, CPI in Europe, and a likely RBA hike. We offer some thoughts on the Trump-Xi summit, and preview core PCE and labor market data in the US. In Europe we discuss the latest on Germany's politics, the significance of widening long-end spreads and the upcoming CPI data. We expect an RBA hike, a pickup in China PMIs and a somewhat divergent inflation picture in Australia, Korea and Indonesia. Chapters: US: 02:34, China: 06:42, Rest of Asia: 12:31, Europe: 17:28 /episode/index/show/nomurapodcasts/id/43029953

The Week Ahead - A Double Header of Hikes 09/18/2026

The Week Ahead - A Double Header of Hikes This week, we start with expectations for additional hikes by the Fed and BOJ this year. In Europe, we preview the Riksbank, Norges Bank, and SNB, which we all expect to stay on-hold. In Asia, we see Bank Indonesia standing pat, core inflation rising in Singapore and job growth rebounding in Australia. /episode/index/show/nomurapodcasts/id/42952053

The Week Ahead - Crunch time for the Fed and the BOJ 09/11/2026

The Week Ahead - Crunch time for the Fed and the BOJ 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. /episode/index/show/nomurapodcasts/id/42872570

The Week Ahead - Back to School 09/04/2026

The Week Ahead - Back to School 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. /episode/index/show/nomurapodcasts/id/42783990

The Week Ahead – Going down to Jackson 08/28/2026

The Week Ahead – Going down to Jackson 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. /episode/index/show/nomurapodcasts/id/42589170

The Week Ahead - Hole-ding Out for a Hero 08/21/2026

The Week Ahead - Hole-ding Out for a Hero 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 /episode/index/show/nomurapodcasts/id/42513220

The Week Ahead – Light on data and low on clarity 08/14/2026

The Week Ahead – Light on data and low on clarity 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: 07:08, China: 13:28, Rest of Asia: 20:08. /episode/index/show/nomurapodcasts/id/42436960

The Week Ahead - Up and Down 08/07/2026

The Week Ahead - Up and Down 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. /episode/index/show/nomurapodcasts/id/42354040

The Week Ahead – Mr Un-credible? 07/31/2026

The Week Ahead – Mr Un-credible? 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. /episode/index/show/nomurapodcasts/id/42276235

The Week Ahead – Managing a Litany of Risks 07/24/2026

The Week Ahead – Managing a Litany of Risks 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: 20:40. /episode/index/show/nomurapodcasts/id/42205580

The Week Ahead - The World Turns 07/17/2026

The Week Ahead - The World Turns 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. /episode/index/show/nomurapodcasts/id/42127525

The Week Ahead – Déjà vu? 07/10/2026

The Week Ahead – Déjà vu? 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. /episode/index/show/nomurapodcasts/id/42032205

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

Nomura – The Week Ahead

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