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

The Week Ahead - Adding Fuel To The Fire

Nomura – The Week Ahead

We now have, for the very first time, useful AI, which is the reason why your demand, my demand is going parabolic. Utterly parabolic. Hello and welcome to The Week Ahead on Nomura Podcasts. My name is Yubin Parqueles, Chief Southeast Asia Economist at Nomura here in Singapore. And today's Friday, the 22nd of May.

Global markets were choppy this week, and we're still lacking clarity and prospects of a resolution in the Iran war, with some on-again and off-again headlines about whether a deal is coming or not. Global bond yields have risen sharply this week, partly due to inflation remaining sticky, offsetting some optimism in equity markets surrounding AI-driven tech earnings, as you heard in that clip from Jensen Huang, CEO of NVIDIA, arguing why he sees the usefulness of AI spreading and therefore generating more demand.

US Treasury yields in particular have risen to break some key levels, lifting the US dollar with it. A few countries in Asia have borne the brunt of the impact, with bond yields there rising more significantly, and currencies under significant pressure, including in India and Southeast Asia. Some central banks have therefore taken more policy action.

I'm joined by my colleagues Jeremy Schwartz from our US economics team in New York, Josie Anderson from our European team in London, and Yuchiro Nozaki, our Korea economist here in Singapore. We will preview upcoming data in the US and Euro area, explain why a cyclical acceleration in the US economy is intact, update on the latest on UK politics, and discuss our expectations for the upcoming decisions of the BOK and the RBNZ.

The Week Ahead - Adding Fuel To The Fire

Read the full transcript

The candid version is on a podcast,
not the earnings call.

The Week Ahead - Adding Fuel To The Fire

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.