Nomura Holdings Inc ADR Stock News

Client Sues Deutsche Bank For Selling Loss-Making Derivatives It Could "Neither Value Or Understand" Deutsche Bank appears to finally be shaking off its image as "the sick man of Europe". For more than a decade, that image was informed by the recidivist behavior that elicited more than $20 billion in fines, and a series of trading blowups that shook confidence in the acumen of DB''s trading desks. And while DB has notably side-stepped the big market blowups of the last year, most notably the Archegos blowup that saddled Credit Suisse with $5 billion in losses (and that''s not counting the losses of Nomura and other prime brokers that had made the mistake of taking on Archegos as a client), the bank finds itself Tuesday morning embroiled in a $500 million court battle with a Spanish hotel chain that''s insisting DB misled it about the risks of "complex" derivatives trades. According to Bloomberg, which cited documents from the European court where the legal battle is being waged, Spanish hotel chain owner Palladium Group claimed DB had taken advantage of its ignorance to sell the firm currency derivatives that ultimately soured.

Nomura Warns Of Build-Up In "Combustible Fuel For A Mechanical Short Squeeze" Across Op-Ex Facing a massive $3.3tln of options notional, including $1.3tln of single stock options, expiring on Friday, Nomura''s Charlie McElligott warned yesterday that "its a doozy of epic short Gamma, short Delta But, SpotGamma notes that the shift lower in markets over the past several days has increased the concentration of put-heavy gamma tied to Fridays OPEX . We now see >=30% of S&P, and >=20% of QQQ rolling off on 1/21. You can see below that as long as the S&P is <=4600 the expiration brings a reduction in negative gamma (via the closure of puts). This suggests this index expiration is generally supportive of S&P prices. This view is supported by McElligott, who said in a note this morning that: "I am beginning to think that despite the volatility into / around Op-Ex ''Gamma unclench'' and as we continue to see liquidation-type de-risking in futures, that there is very much a potential path for a counter-trend rally in Equities in the coming-days. " And given the tumble in liquidity, that move could be aggressive...

Key Events In The "Massive Week Ahead" After a relatively quiet start to the year on the economic event front, if not in markets where last week''s FOMC Minutes sparked the worst bond rout since 2020 triggering the worst first week for the Nasdaq since the dot com bubble burst ... we have a "simply a massive week ahead for markets" according to Nomura''s Charlie McElligott, with Powell testimony and bunches of Fed speakers, along with US economic releases headlined by the markets most important datapoint in the CPI release Wednesday, in addition to PPI, Retail Sales and Consumer Sentiment over the course of the week, plus two Duration-heavy auctions ($36B of 10Y and $22B 30Y, on top of tomorrows $52B 3Y) and finally, US corporate earnings season kickoff (highlighted by JPM, C and WFC this upcoming Friday) Picking up the weekly preview baton, Rabobank writes that there will be little opportunity not to think about the Fed in the week ahead. The Bloomberg market consensus for Wednesdays US December CPI inflation release stands at an astounding 7% y/y.

Nomura with the note (Tu Ling has been better than most on this): Despite Beijings efforts to alleviate the funding crunch for developers, we expect developers and their construction partners to face some increasing financial challenges in the next couple of months. First, they may need to pay a total of RMB1.1trn in deferred wages

They Started "Shooting The Generals" - Nomura Warns Mega-Cap Tech Holds The Key Markets are loudly turmoiling this morning with stocks dumped and pumped, bond yields lower, and crypto hammered as Nomura''s Charlie McElligott warns that mega-tech companies remain the key for the market overall. USTs are again rallying despite the multi-day hawkish parade of Central Banks (well, everybody save the BoJ, lol), as we see a bull-flattening again after yesterday’s unwind-y flows in various “Hawkish Fed Tightening” trades (hence yesterday’s curve-steepening, as the front / Red ED$ / belly led the rally, which was further contributed to by some LDI buying in the 2Y / 3Y sector), with some more Omicron / COVID case growth numbers contributing to long-end bid alongside of course the implications of the accelerated global tightening cycle commencement. And following-up said mention of LDI flows and recent thematic price-action in the curve, where it is becoming increasingly-clear that a return to ~98% funding ratios for Pensions (as per Milliman) is dictating a de-risking rotation in cross-asset markets, where long-end / Duration exposure is being added via STRIPS, versus de-allocation in Equities (late-day “programmatic” type sell- flows—e.g. recently “heavy” sell MOCs) Source: Nomura This year-end rally in fixed-income will again provide tactical opportunities for those looking at attractive entry points to trade from the bearish side in coming weeks- and months-, where Darren Shames notes that on top of the obvious “Fed is tapering to hike sooner” reality, that they too will be buying significantly less UST / MBS over the next two weeks short-term window (no buy-backs btwn Dec 22nd and Jan 3rd), with the outright cessation of QE purchases by mid-March.

LG Display Co., Ltd. (NYSE:LPL) has been assigned a consensus recommendation of Sell from the seven brokerages that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. A number of brokerages have recently commented on LPL. Nomura []

HSBC has hired former Nomura banker Chris Fincken as a managing director in its UK investment banking coverage team, according to an internal memo seen by Reuters on Thursday.

China’s retail sales growth eases, factory output picks up BEIJING: Singles’ Day, the biggest shopping day of the year in China, saw disappointing sales. —AFP BEIJING: Chinese consumer spending grew at a slower-than-expected pace in November, data released yesterday showed, with analysts warning that an uptick in coronavirus cases was dampening sentiment and adding to questions over a rebound in the world’s second-largest economy. China’s economy bounced back quickly from the pandemic after authorities contained COVID-19 with strict border controls and targeted lockdowns, but the recovery has been losing steam this year. Economists said a current nationwide increase in Chinese coronavirus cases, and resulting containment measures, appear to have led to cautious consumer behavior just as a property market slump worsens. Retail sales rose 3.9 percent on-year, according to the National Bureau of Statistics (NBS), coming in below expectations and markedly slower than October’s 4.9 percent.

Futures Reverse Lower As Fed Meeting Looms US stock futures fell on Tuesday, reversing an earlier gain, as traders prepared for this year’s barrage of final central bank meetings this week. Treasury yields advanced and the dollar slipped. European stocks were little changed while Asian stocks dropped led by Japan whose Prime Minister Fumio Kishida hinted the government may consider guidelines for share buybacks (a tapering of stock buybacks in the US would lead to an instant market crash). At 745am, S&P futures were down 0.17% or 8 points to 4,651; Nasdaq futures were down 0.5% erasing earlier gains of as much as 0.3% as traders assessed the impact of a less accomodative monetary setting amid coronavirus challenges and high valuations. Investors focused on central bank meetings this week and kept a wary eye on developments around the Omicron coronavirus variant. The Fed is expected to signal a faster pullback of asset purchases at the end of its two-day meeting on Wednesday, a move which Morgan Stanley believes will lead to market tremors in the next 3- 4 months, while the European Central Bank and the Bank of England will meet on Thursday to determine the course for their monetary policies into 2022. "Equity markets will stay skittish as there is tension between Omicron and newsflow on one side, and a busy calendar for central banks on the other, while we stand between two earnings seasons," said Nick Nelson, head of European equity strategy at UBS. "But we''re no longer talking about the same restrictions we had in Q1 2021 or 2020, so in the near term, restrictions across Europe will only be a modest drag on growth." Here are some of the biggest U.S. movers today: Shares in U.S.-listed Chinese firms decline anew in U.S. premarket trading as a selloff in the stocks and bonds of Chinese property firm Shimao hits sentiment.

In the wake of the annual meeting of China''s Central Economic Work Conference this week, analysts at Nomura are out with their expectations of the Chi

Crossmark Global Holdings Inc. cut its holdings in shares of Nomura Holdings, Inc. (NYSE:NMR) by 86.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 278,163 shares of the financial services providers stock after selling 1,846,033 shares during the period. Crossmark []

"REKT" - Stocks Storming Higher On Massive Hedge Fund Short Squeeze When looking at the latest Goldman Prime Broker data, our collective jaws fell to the floor: while perhaps not a huge surprise, Goldman writes that the last two weeks saw that "largest 10-day net selling in US equities since Apr 20 led by Macro Products as well as Info Tech/Consumer Disc stocks" with the bank elaborating that "North America and to a lesser extent EM regions were the most net sold, while DM Asia was net bought driven by short covers." But what was stunning was Goldman''s drilldown into the flow, where GS Prime found that the selling of US stocks - which made up more than 85% of the global $ net selling (-1.4 SDs) - was driven almost entirely by short sales and to a lesser extent long sales (9 to 1). And the piece de resistance - " US equities have been net sold in 7 of the past 10 days. In cumulative $ terms, the net selling in US equities over the past 10 days is the largest since April 20." Said otherwise, hedge funds were dumping stocks in the past 10 days - with most of the transactions outright shorting than long sales - with retail investors buying for the most part as we noted recently.

Stocks Soar On Optimism Omicron Is A Dud As Traders Focus On Growing China Stimulus U.S. index futures rallied, led by gains for Nasdaq 100 contracts, amid waning omicron worries and a booster shot of Chinese stimulus lifted world stock markets and oil on Tuesday and left traders offloading safe-haven currencies and bonds for the second day in a row. Emini S&P futures were up 61 point to 4,650.75 or about 120 points higher then where Gartman said "stocks are headed lower" some 24 hours ago. Nasdaq futures were up 1.8% and Dow futures rose 1% in premarket trading. In fact, futures are now just 50 points away from where they were below the Black Friday Omicron panic plunge. The FTSEurofirst 300 index was on track for its first back-to-back run of plus 1% gains since February while Asia saw record bounces from some of China''s biggest firms such as Alibaba which soared by the most since its 2019 listing in Hong Kong, leading a rebound in Chinese tech stocks, as bargain hunters piled in amid improved sentiment following Beijings move to bolster the economy.

RateGain Travel Technologies raised 599 crore from Government of Singapore, Monetary Authority of Singapore, Nomura, Goldman Sachs

SoftBank Tumbles As China Portfolio Slumps, Market Demands More Buybacks SoftBank is having a tough time. Barely one year removed from its post-WeWork "comeback", SoftBank shares are once again in the doldrums as many of the firm''s massive bets on China (its massive stake in Alibaba, along with investments in Didi and several other Chinese firms) have gone sour. And as investors react to Didi''s imminent delisting from the NYSE, and its plans for transferring the shares to Hong Kong, SoftBank is seeing top executives like Marcelo Claure demand massive payout s, leaving it little choice but to liquidate some of its holdings at steep losses. Just as we expected , China''s central bank announced Monday that it would cut its reserve ratio to quiet markets as Evergrande scrambles to make its next round of bond payments. But over in Japan, shares of SoftBank plunged nearly 10%, capping off a 7-day streak of losses (which isn''t over yet), as the Japanese conglomerate was bogged down by its numerous investments in Chinese firms, including Didi.