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

FILTER DOCUMENTS

Category Clear
Archive Reset

2024

2023

Subscribe to RSS feed
  • Euro wrap-up

    Euro wrap-up

    20 November 2024 329 KB PDF
    • Shorter-dated Bunds made modest gains despite a surge in euro area negotiated wage growth in Q3.
    • While the jump in UK inflation was a touch larger than expected, shorter-dated Gilts ended the day little changed as BoE Deputy Governor Ramsden suggested that he sees a case for ‘less gradual’ easing if uncertainty fades.
  • Euro wrap-up

    Euro wrap-up

    19 November 2024 313 KB PDF
    • Bunds made gains as Governing Council members re-affirmed the likelihood of a further rate cut in December amid signs of a less tight labour market and softer wage growth in Q3.
    • Gilts also made gains as BoE Governor Bailey reiterated that the economic outlook was consistent with gradual rate cuts, but the newest external MPC member Taylor signalled a more dovish stance.
  • Euro wrap-up

    Euro wrap-up

    18 November 2024 280 KB PDF
    • While euro area trade figures suggested that net exports were a drag on GDP in Q3, Bunds made losses as the bilateral surplus with the US rose to a record high in Q3 and several Governing Council members flagged a potential need for caution in the face of heightened uncertainty.
    • Gilts followed USTs marginally lower on a quiet day for UK economic news.
  • Euro wrap-up

    Euro wrap-up

    15 November 2024 427 KB PDF
    • Bunds followed USTs lower on a relatively quiet day for euro area economic news.
    • Gilts made modest gains as UK GDP growth slowed more than expected in Q3 despite a solid contribution from final domestic demand.
  • US Economic Comment

    US Economic Comment

    15 November 2024 285 KB PDF
    • Powell & inflation data: signs still point to rate cuts in late 2024 and early 2025
    • Consumer spending: October retail sales subdued, but consumer spending still likely on track in Q4
  • Euro wrap-up

    Euro wrap-up

    14 November 2024 316 KB PDF
    • Bunds made gains as euro area industrial production contracted in Q3, while the ECB minutes of the October policy meeting highlighted some concerns of a potential inflation target undershoot in 2025.
    • Gilts followed USTs higher at the short end, even as a UK survey signalled continued recovery in the housing market at the start of Q4.
  • US Data Review

    US Data Review

    13 November 2024 213 KB PDF
    • CPI: in line with market expectations; core services remain under pressure
  • Euro wrap-up

    Euro wrap-up

    12 November 2024 363 KB PDF
    • Longer dated Bunds followed USTs lower, while shorter-dated Bunds made gains as an investor survey reported a notable deterioration in perceptions for German’s economic outlook amid heighted political uncertainties.
    • Gilts also followed USTs lower, even as the UK’s labour market report showed a further moderation in regular pay growth.