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

    • Dallas Fed Manufacturing Index Paints a Gloomy Picture

      April 30, 2025

      For our chart of the day, we analyse the April Dallas manufacturing index report from the Federal Reserve Bank of Dallas.

    • Latest Positioning Shows Move Away from Dollar

      April 29, 2025

      For our chart of the day, we look at the recent trend in FX positioning, and analyse the reasons behind the move away from the US Dollar.

    • A Recap of how US Tariffs have Moved

      April 28, 2025

      For our chart of the day, we take a look at how US tariffs have changed since the April 2 "Liberation Day" announcements.

    • Policy Divergence to Safe-Haven Plays in FX

      April 25, 2025

      For our chart of the day, we analyse the recent shift in drivers for the FX space from policy divergence to safe haven plays.

    • Is the US in Trouble from a Debt Sell-Off?

      April 24, 2025

      For our chart of the day, we look at the potential reasons behind the recent US yield curve moves and the role that a potential US debt sell-off may have played.

    Contributor

     

    Gareth Nicholson

    CIO and Head Discretionary Portfolio Management

    Disclaimer

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      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.

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