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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2025

2024

  • Euro wrap-up

    Euro wrap-up

    29 October 2024 348 KB PDF
    • Bunds made losses as a survey suggested that German consumers were the least downbeat since April 2022.
    • Ahead of tomorrow’s Budget announcements, Gilts also made losses as UK mortgage approvals rose to the highest level for more than two years.
  • Euro wrap-up

    Euro wrap-up

    25 October 2024 435 KB PDF
    • Bunds made losses as the ifo survey suggested that German firms were a touch less downbeat in October while some ECB hawks tried to push back against suggestions that rates should be cut by 50bps in December.
    • Gilts made losses at the short end of the curve but gains at the long end as UK consumer confidence dropped to a nine-month low.
  • US Economic Comment

    US Economic Comment

    25 October 2024 372 KB PDF
    • Q3 GDP: solid growth expected, led by consumer spending
    • The Fed’s Beige Book: mixed assessment of current economic conditions, but outlook positive
  • Euro wrap-up

    Euro wrap-up

    24 October 2024 325 KB PDF
    • Bunds made gains as the flash euro area PMIs remained consistent with economic stagnation at the start of Q4, while the price components pointed to ongoing disinflation.
    • While the flash UK composite PMI fell to an eleven-month low, Gilts made losses after the Chancellor confirmed that she would avoid the cuts in public sector investment planned by the previous government.
  • US Data Review

    US Data Review

    24 October 2024 325 KB PDF
    • Unemployment insurance: continuing claims rise on account of displaced workers from hurricanes
    • New home sales: pickup in September; inventories remain elevated
  • US Data Review

    US Data Review

    23 October 2024 176 KB PDF
    • Existing home sales: decline in activity to a new cycle low
    • Inventories: continued improvement but still tight from a long-term perspective
  • Euro wrap-up

    Euro wrap-up

    22 October 2024 336 KB PDF
    • Bunds followed USTs lower, while ECB President Lagarde reiterated that rate cut are not on a pre-determined path despite recent disinflation progress.
    • Gilts also followed USTs lower as UK public borrowing continued to overshoot the OBR previous projection.
  • CaixaBank SA - Issuer Profile

    CaixaBank SA - Issuer Profile

    18 October 2024 424 KB PDF