Podcast Exploring Themes Driving Global Markets, Nomura - The Week Ahead

Nomura – The Week Ahead

Podcast Exploring Themes Driving Global Markets

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.

Cross Asset Strategy

<ul><li>The Fed, Bank of England, and BOJ all left rates unchanged with their own unique perspectives</li><li>Market volatility continues with equities bouncing and the dollar rebounding</li><li>Fed Chair Powell emphasized keeping options open and uncertainty in the economy, with no immediate rate cuts expected</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

The Fed, Bank of England, and BOJ all left rates unchanged with their own unique perspectivesMarket volatility continues with equities bouncing and the dollar reboundingFed Chair Powell emphasized keeping options open and uncertainty in the economy, with no immediate rate cuts expectedThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

The Week Ahead – In The Eye of The Storm

Equity Derivatives and Volatility Specialist, Clifton Derivatives

John Ley

Equity Derivatives and Volatility Specialist

Clifton Derivatives

Independent derivative and volatility research firm focusing on events/catalysts, earnings, relative value and cross asset volatility strategies.

Equity Derivatives

<ul>
<li>A weekly recap of volatility and price metrics, covering option volumes, volatility trends, the spot/implied relationship, and open interest statistics.</li>
<li>The Bank of Japan held rates steady, with little reaction from the Nikkei or USD/JPY amid lower option volumes.</li>
<li>Implied volatility declined throughout the week, pressured by muted price action and low historic volatility.</li>
</ul>


A weekly recap of volatility and price metrics, covering option volumes, volatility trends, the spot/implied relationship, and open interest statistics.
The Bank of Japan held rates steady, with little reaction from the Nikkei or USD/JPY amid lower option volumes.
Implied volatility declined throughout the week, pressured by muted price action and low historic volatility.


Nikkei Index Options Weekly (Mar 17 – 21): Muted Reaction to BOJ as Volatility Declines

Equity Derivatives Broker - Delta One Japan, Vantage Capital Markets Japan

François-Xavier Pustoc'h

Equity Derivatives Broker - Delta One Japan

Independent Financial Broker

Vantage Capital Markets Japan

We provide world class financial solutions to our extensive institutional client base including rapidly growing corporations, leading investment banks, commercial banks, asset managers, private equity funds, family offices and hedge funds.

Our services include capital market offerings and placements, wholesale brokerage and execution of cash and derivative products (both listed and OTC) across a range of asset classes.

VCM has offices in London, Hong Kong, Tokyo and Dubai from where we service our global client base. Our strength lies in the experience and quality of our teams, supported by excellent operations and infrastructure.

Macroeconomics

<ul><li>Japanese Equities were up 3.88% last week (vs. M. World +0.81%) driven by Insurance, Banks and Wholesale Trade sectors.</li><li>JPY interest rates and Credit remained stable (ITRAXX Japan 50.81).</li><li>JPY was under pressure this week. USDJPY 149.62 (+1.37), EURJPY 163.62 (+2.22).</li></ul>

Japanese Equities were up 3.88% last week (vs. M. World +0.81%) driven by Insurance, Banks and Wholesale Trade sectors.JPY interest rates and Credit remained stable (ITRAXX Japan 50.81).JPY was under pressure this week. USDJPY 149.62 (+1.37), EURJPY 163.62 (+2.22).

External broker reports(aggregated public sources), Scotiabank

Scotiabank

External broker reports(aggregated public sources)

Scotiabank’s global foreign exchange strategy team provides in-depth regional insights and macro-economic analysis for G10 and advanced economies, Asia Pacific, and Latin America. Find technical and fundamental strategy reports focused on trade ideas, market risks, and the unfolding macro outlook. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

FX & Rates

<ul><li>CFTC data covering the March 11th week reflect the recent trend of fading USD bull sentiment.</li><li>Aggregate Non-Commercial (speculative) USD-bullish positioning dropped for the eighth week on the bounce, with these accounts halving net USD longs to USD4.9bn.</li><li>Recall that peak speculative USD bullishness was reached in mid -January when net USD longs reached USD35bn. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CFTC data covering the March 11th week reflect the recent trend of fading USD bull sentiment.Aggregate Non-Commercial (speculative) USD-bullish positioning dropped for the eighth week on the bounce, with these accounts halving net USD longs to USD4.9bn.Recall that peak speculative USD bullishness was reached in mid -January when net USD longs reached USD35bn. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Weekly CFTC Sentiment Report - Speculative EUR Sentiment Turns Bullish

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

<ul><li>Happy Monday from Copenhagen! We have a six-month stopgap funding deal in place in the U.S. until September, but no new debt ceiling legislation.</li><li>So, despite a shutdown being avoided, we are not yet talking about a new mountain of debt.</li><li>This is why I think the late-Friday reaction in bond yields was somewhat overdone.</li></ul>

Happy Monday from Copenhagen! We have a six-month stopgap funding deal in place in the U.S. until September, but no new debt ceiling legislation.So, despite a shutdown being avoided, we are not yet talking about a new mountain of debt.This is why I think the late-Friday reaction in bond yields was somewhat overdone.

Steno Signals #189 – The Perception Vs. Reality of Inflation: A Growing Divide

Japan

The Japanese yen is the official currency of Japan. 

Price Gauge
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JPY (USDJPY CURNCY)

The Week Ahead – In The Eye of The Storm

Central banks maintained unchanged rates, with Fed revising growth forecast downward while raising inflation projections, Bank of England showing...

Nomura – The Week Ahead

Nikkei Index Options Weekly (Mar 17 – 21): Muted Reaction to BOJ as Volatility Declines

Weekly recap: Implied volatility drops as Bank of Japan holds rates steady, with little impact across markets and lower overall option volumes.

John Ley

Weekly Macroeconomic Report

Japanese Equities were up 3.88% last week (vs. M. World +0.81%) driven by Insurance, Banks and Wholesale Trade sectors. JPY interest rates and...

Vantage Capital Markets Japan

Weekly CFTC Sentiment Report - Speculative EUR Sentiment Turns Bullish

Aggregate Non-Commercial (speculative) USD-bullish positioning dropped for the eighth week on the bounce, with these accounts halving net USD longs...

Scotiabank

Steno Signals #189 – The Perception Vs. Reality of Inflation: A Growing Divide

Happy Monday from Copenhagen! We have a six-month stopgap funding deal in place in the U.S. until September, but no new debt ceiling...

Steno Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

The Week Ahead – In The Eye of The Storm

Central banks maintained unchanged rates, with Fed revising growth forecast downward while raising inflation projections, Bank of England showing...

Nomura – The Week Ahead

Nikkei Index Options Weekly (Mar 17 – 21): Muted Reaction to BOJ as Volatility Declines

​Weekly recap: Implied volatility drops as Bank of Japan holds rates steady, with little impact across markets and lower overall option volumes.

John Ley

Weekly Macroeconomic Report

Japanese Equities were up 3.88% last week (vs. M. World +0.81%) driven by Insurance, Banks and Wholesale Trade sectors. JPY interest rates and...

Vantage Capital Markets Japan

Weekly CFTC Sentiment Report - Speculative EUR Sentiment Turns Bullish

Aggregate Non-Commercial (speculative) USD-bullish positioning dropped for the eighth week on the bounce, with these accounts halving net USD longs...

Scotiabank

Steno Signals #189 – The Perception Vs. Reality of Inflation: A Growing Divide

Happy Monday from Copenhagen! We have a six-month stopgap funding deal in place in the U.S. until September, but no new debt ceiling...

Steno Research

Weekly recap: Implied volatility drops as Bank of Japan holds rates steady, with little impact across markets and lower overall option volumes.