Select Language

Please select your default language.

    Save

    Get your daily round-up of markets, macroeconomic trends, and global shifts through the Daily Macro Lens.

    • A Sigh of Relief for UK Gilts

      July 02, 2025

      For our chart of the day, we analyse recent moves in the UK's yield curve.

    • US Labor Market Sentiment Deteriorating

      June 30, 2025

      For our chart of the day, we analyse the trends and provide our views on the  University of Michigan's consumer expectation of the US labor market rate and the overall consumer sentiment.

    • The Trump Dashboard

      June 27, 2025

      For our chart of the day, we look at the "Trump Dashboard", comparing President Trump's expectations of where he sees key macro variables versus where they are currently.

    • Eurozone Growth Surprises Buoying Euro

      June 26, 2025

      For our chart of the day, we analyse the moves in Eurozone's and US' Citi surprise indices, and how these have underpinned the Euro's rally against the USD.

    • Consumer Expectations Showing Red Flags

      June 25, 2025

      For our chart of the day, we analyse the latest prints of the Conference Board's Consumer Confidence indices in the US.

    Contributor

     

    Gareth Nicholson

    CIO and Head Discretionary Portfolio Management

    Disclaimer

    • IWM CIO Corner Disclaimer

      This material has been prepared by the International Wealth Management business line of Nomura International (Hong Kong) Limited (“NIHK”) and/or Nomura Singapore Limited (“NSL”), and if applicable, with the contribution of one or more of its affiliates (collectively, “Nomura Group”). This is not a research report and the contents herein are strictly general and macro in nature and should not be considered research. This material is: (i) for your information only, and we are not soliciting any action based upon it; (ii) not to be construed as an offer to sell or a solicitation of an offer to buy any security or investments or accept any services in any jurisdiction where it may be illegal; and (iii) provided on the basis that it must not be relied upon for any purpose.

      While all reasonable care has been taken to ensure that the information contained herein is not untrue or misleading at the time of publication, no representation, warranty or undertaking, expressed or implied, is made and no responsibility or liability is accepted by the Nomura Group and/or its directors, officers and employees as to the accuracy, completeness, merchantability or fitness for a particular purpose of the information contained herein or any other information provided by any other person in connection with the information described herein or their distribution or for the results obtained from the use of this information. Nomura Group and/or its directors, officers and employees do not accept any liability whatsoever for any loss or damage (including, without limitation, direct, indirect or consequential loss or loss of profits or loss of opportunity) suffered by you or any third party in connection with the use of this material or its contents.

      Nothing herein should be construed as investment advice, and the Nomura Group is not in any way providing any investment advice. You should refrain from entering into, or purchasing any investment product unless you fully understand all the risks involved and you have independently determined that the investment is suitable for you. If you are in doubt to any aspect of this material, you should consult your own counsel, stockbroker or other professional advisers as to the legal, tax, financial and related aspects of any investment with specific reference to your particular circumstances.

    Loading, please wait.