Nomura reportedly to finalise, disclose losses tied to Archegos episode later this month

NHK reports

The initial estimates at the end of Q1 had Nomura sitting on roughly $2 billion losses – one of the worst-hit firms from the whole Archegos episode. While this is a rare event in the market, it isn’t one that investors are too concerned about anymore.
But at least it does offer some good lessons on the importance of risk management.

Ray Dalio on Focus

  • You can have virtually anything you want, but you can’t have everything you want.
  • Life is like a giant smorgasbord of more delicious alternatives than you can ever hope to taste. So you have to reject having some things you want in order to get other things you want more.
  • Some people fail at this point, afraid to reject a good alternative for fear that the loss will deprive them of some essential ingredient to their personal happiness. As a result, they pursue too many goals at the same time, achieving few or none of them.
  • In other words, you can have an enormous amount: much, much more than what you need to have for a happy life. So don’t get discouraged by not being able to have everything you want, and for God’s sake, don’t be paralyzed by the choices. That’s nonsensical and unproductive. Get on with making your choices.

Economic calendar due from Asia today – Monday 05 April 2021

Good morning/afternoon/evening and welcome to Monday!

Its a market holiday in New Zealand and Australia today and across most of Europe and the UK  which will thin trading out. Hong Kong, Singapore, Japan and China are in.
I’ll be popping in from time to time before back to normal on Tuesday.
On the data calendar for the Asian timezone, its light:

0030 GMT Japan – Jibun Bank/Markit Services and Composite PMI (final) for

  • preliminary and prior can be found here
  • last week we had the final manufacturing PMI for March, which showed the fastest expansion in manufacturers’ activity since October 2018.

0100 GMT Australia – Melbourne Institute monthly CPI inflation for March

  • prior 0.1% m/m and 1.6% y/y
  • Official CPI data is once a quarter in Australia, this monthly guide is a good heads up for the quarterly data.

0110 GMT Bank of Japan Japanese Government Bond purchase operation

  • in the 1-3, 3-5 years left until maturity window
Go to top