London & NY Research

  • JAPAN

    Daiwa Europe’s market-leading research on the Japanese economy.

  • EUROPE

    Daiwa’s research coverage of the euro area and UK economies.

  • US

    Daiwa’s coverage of the US economy from our colleagues in New York

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2024

2023

  • Euro wrap-up

    Euro wrap-up

    17 May 2024 323 KB PDF
    • Bunds made losses as final euro area inflation data for April flagged persistence in certain services components and ECB Board member Schnabel stated that she didn’t see the case for a rate cut in July.
    • Gilts followed the global trend lower on a quiet day for UK economic news.
  • US Economic Comment

    US Economic Comment

    17 May 2024 712 KB PDF
    • Inflation: modest improvement in April from disappointing Q1 results
    • The consumer sector: evidence of slowing demand and some signs of stress
  • Euro wrap-up

    Euro wrap-up

    15 May 2024 271 KB PDF
    • Bunds followed USTs higher, while figures suggested that euro area industrial production contracted in Q1 despite being boosted in March by strong growth in Ireland.
    • Gilts also followed the global trend higher on a quiet day for UK economic data.
  • US Data Review

    US Data Review

    15 May 2024 426 KB PDF
    • CPI: pressure in energy goods; moderation in core after a surge in Q1 
    • Retail sales: disappointing results in April joined by downward revisions
  • Euro wrap-up

    Euro wrap-up

    14 May 2024 336 KB PDF
    • Bunds made losses as the ZEW investor survey flagged expectations of a broad-based pickup in German GDP growth over coming quarters.
    • Gilts made modest gains as data suggested that the labour market was less tight while private regular wage growth moderated, and BoE Chief Economist Pill stated that expectations for a summer rate cut were not unreasonable.
  • US Data Review

    US Data Review

    14 May 2024 382 KB PDF
    • PPI: high-side reading in April; pressure in energy & services
  • Euro wrap-up

    Euro wrap-up

    10 May 2024 386 KB PDF
    • Bunds followed USTs lower despite confirmation from the ECB’s account from the April policy meeting that the Governing Council remains on track to cut rates in June.
    • Gilts also made losses as UK GDP significantly beat expectations, recording the strongest quarterly growth since Q421.
  • Euro wrap-up

    Euro wrap-up

    9 May 2024 347 KB PDF
    • Gilts rallied at the shorter end of the curve as the BoE’s MPC signalled that it might cut Bank Rate in June while its inflation projection suggested that policy should be eased more aggressively than is currently priced by the markets.
    • Bunds made losses on a quiet day for economic news from the euro area.