US #Fed raises expectations for inflation this year & brings forward the time frame on when it will raise interest rates. Rob Subbaraman, Hd-Global Macro Research, Nomura says EMs need to be conscious that US yields may rise sharply. Adds, actual #tapering is sometime away. (2/2)
#India : Pre-open Buzz ✦ SGX Nifty 🔻114.5 pts ✦ TVS Motors sold 28.09 lakh shares of Suprajit Engg ✦ Allcargo plans to raise Rs 1,000 crore via debt ✦ Wipro partnered with Exaware to develop advance tech solutions ✦ Nomura raised target price of LIC Housing to Rs 625/share
With lockdowns easing and mobility rising, India’s economic activity is back on the recovery route. Three weeks ago, Nomura’s weekly business resumption index for India had slumped to its lowest level in almost a year.
The recovery in the non-mobility side has been "more gradual", Nomura said
Wow! Great read from @sridinats and @DonalGriffin1 on how the major banks held a call with each other in the middle of last week to try to do an orderly unwind of Hwang's position, but the talks collapsed and anarchy ensued with Nomura/CS holding the bag
Bill Hwang, a former hedge fund manager who’d pleaded guilty to insider trading, is at the center of one of the greatest margin calls of all time. Credit Suisse & Nomura have warned of large losses after a fire sale of about $20bn of Chinese and US stocks.
Isn't it ironic? It looks like #China is the big winner of the pandemic economically. China's share of global economy is expected to grow at a faster pace. China will now overtake the US by 2028, 1yrs earlier than previously predicted, acc to Nomura.
Lava falls into the sea in this scene captured by Your Shot photographer Tetsuya Nomura in Hawaii
Some China eco stats: - The rate of people returning to work after the lunar new year holiday is 1/4 of what it was in 2019 - New home sales have basically all but ceased - Passenger car sales have fallen to the lowest since 2005 Charts via Nomura:
Tetsuya Nomura looks back on Kingdom Hearts III ahead of tomorrow's Re Mind DLC launch: