London & NY Research


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


    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


Category Clear
Archive Reset



  • US Economic Comment

    US Economic Comment

    18 November 2022 306 KB PDF
    • Economic forecasters: hoping for a soft landing
    • Inflation expectations: still contained in the long run; creeping up in the short run
  • Euro Wrap-up

    Euro Wrap-up

    17 November 2022 475 KB PDF
    • Despite a slight downwards revision to euro area inflation in October, Bunds followed the global trend lower.
    • Gilts also made losses as the UK government’s fiscal update suggested that the lion’s share of its planned fiscal consolidation will be back-loaded to after the next election.
  • Euro Wrap-up

    Euro Wrap-up

    16 November 2022 490 KB PDF
    • Bunds made large gains while Bank of France Governor Villeroy noted that while further tightening was likely, jumbo rate hikes will not become the norm.  
    • Gilts also rallied, even as UK inflation beat expectations jumping to its highest rate since 1982.
  • US Data Review

    US Data Review

    16 November 2022 233 KB PDF
    • Retail sales: solid activity
    • Industrial production: stalling
  • Euro Wrap-up

    Euro Wrap-up

    15 November 2022 490 KB PDF
    • Longer-dated Bunds followed USTs higher, as data confirmed that euro area GDP and employment growth slowed in Q3, but Germany’s ZEW investor survey surprised on the upside in November.
    • Gilts also made gains despite UK data suggesting a very tight labour market amid rising inactivity and an acceleration in underlying wage growth.
  • Euro wrap-up

    Euro wrap-up

    11 November 2022 810 KB PDF
    • Bunds reversed much of yesterday’s gains as the German government approved additional net issuance in 2023 and October’s CPI inflation data confirmed a post-reunification high.
    • Gilts also made losses as UK Q3 GDP beat expectations, but nevertheless still confirmed contraction for the first quarter in six.  
  • US Data Review

    US Data Review

    10 November 2022 151 KB PDF
    • CPI: cooling in some hot areas
  • Euro wrap-up

    Euro wrap-up

    8 November 2022 410 KB PDF
    • Bunds followed USTs higher, even as the German government announced plans to more than double its net issuance in 2023 to €45bn.
    • Shorter-dated Gilts made losses as BoE Chief Economist Pill reiterated that further monetary tightening was required with ‘risks in the UK economy tilted towards more inflation’.