Nomura – The Week Ahead

Episodes

• 
  The Week Ahead - The Great Unwind 06.11.2026 26m

  As markets slump post US midterms, we consider exposures and policy responses to the AI unwind and ongoing geopolitical challenges. After the midterm equity market tumult, US labour market data was rock solid; but how concerned should we be about the unwind of the AI theme? In Europe we look at recent central bank decisions in the UK, Norway and Sweden. We examine how competition for capital and the AI theme will impact Asian economies and policy responses. Chapters: US: 02:28, Europe: 09:58, Asia: 17:05.
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  The Week Ahead – Midterm madness? 30.10.2026 31m

  We deep-dive into the imminent US midterm elections and preview key data and events next week. In the US, we're joined by a special guest. We also recap the FOMC meeting and preview the coming Payrolls report. Across Europe, we review the ECB policy meeting and preview the Bank of England meeting, with a rate hike widely expected. For Asia, we examine the BOJ decision this week, inflation data across the region, and expected rate hikes in Australia and Malaysia. Chapters: Mid-terms Special: 02:01, Americas: 13:58, Europe: 18:27, Japan: 22:42, Rest of Asia: 27:06
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  The Week Ahead – Time to look out the window 23.10.2026 27m

  We preview several central bank decisions, and our special guest CW Chung, our Joint Head of APAC Equity Research, explains his constructive views on AI. We preview several central bank decisions, and our special guest CW Chung, our Joint Head of APAC Equity Research, explains his constructive views on AI. We preview decisions from the Fed, BoC, ECB, BOJ, RBNZ and BOT. We also have the UK budget on tap and provide an update on the situation in France. CW Chung, our Joint Head of APAC Equity Research, explains why he remains constructive on the tech sector amid recent AI market concerns. Chapters: US: 09:24, Europe: 14:29, Japan 20:44, Rest of Asia: 23:52
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  The Week Ahead - A Sticky Situation 16.10.2026 25m

  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
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  The Week Ahead - Special Edition: Assessing EM Sovereign Ratings with Fitch 14.10.2026 24m

  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.
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  Understanding Japan - How are Demographics Changing Japan? 13.10.2026 12m

  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?
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  The Week Ahead - Mon Dieu! 09.10.2026 25m

  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
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  The Week Ahead - Blow Up? 02.10.2026 24m

  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.
• 
  The Week Ahead - Special Episode - Fireside Chat with Dr Catherine L Mann 01.10.2026 17m

  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.
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  The Week Ahead – Still looking cloudy from the summit 25.09.2026 26m

  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    
• 
  The Week Ahead - A Double Header of Hikes 18.09.2026 24m

  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.
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  The Week Ahead - Crunch time for the Fed and the BOJ 11.09.2026 18m

  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.
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  The Week Ahead - Back to School 04.09.2026 21m

  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.
• 
  The Week Ahead – Going down to Jackson 28.08.2026 34m

  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.
• 
  The Week Ahead - Hole-ding Out for a Hero 21.08.2026 26m

  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
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  The Week Ahead – Light on data and low on clarity 14.08.2026 33m

  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.  
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  The Week Ahead - Up and Down 07.08.2026 20m

  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.
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  The Week Ahead – Mr Un-credible? 31.07.2026 35m

  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.
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  The Week Ahead – Managing a Litany of Risks 24.07.2026 34m

  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.
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  The Week Ahead - The World Turns 17.07.2026 25m

  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.