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

2023

  • Euro wrap-up

    Euro wrap-up

    30 September 2024 293 KB PDF
    • Shorter-dated Bunds made modest gains as German inflation fell below 2% for the first time in 2½ years and ECB President Lagarde signalled a possible October rate cut.
    • While UK GDP growth was revised lower in Q2, Gilts made losses as UK mortgage lending and house prices rose the most since 2022.
  • Euro wrap-up

    Euro wrap-up

    27 September 2024 365 KB PDF
    • Bunds made gains as flash inflation figures from France and Spain came in below expectations, while euro area economic confidence fell and German jobless claims rose to a near-four-year high.
    • Gilts also made gains on a quiet day for UK economic news.  
  • US Economic Comment

    US Economic Comment

    27 September 2024 363 KB PDF
    • August inflation: supporting favorable assessments by Fed officials
    • Friday data: readings on consumer spending and trade bolster case for solid Q3 growth
  • Euro wrap-up

    Euro wrap-up

    26 September 2024 270 KB PDF
    • While euro area stock markets made solid gains and German consumer confidence unexpectedly picked up, Bunds were little changed as euro area bank lending remained relatively subdued.
    • Gilts made modest losses at the longer end on a quiet day for UK economic news.
  • US Data Review

    US Data Review

    26 September 2024 271 KB PDF
    • Revised GDP: third estimate of Q2 GDP close to preliminary tally; GDI data revised higher
    • Inflation: firm in Q2
  • US Data Review

    US Data Review

    25 September 2024 180 KB PDF
    • New home sales: partial retracement in August after a burst in the prior month
    • Inventories: stock of units available for sale remains elevated
  • Euro wrap-up

    Euro wrap-up

    24 September 2024 242 KB PDF
    • Bunds made gains as the ifo survey signalled an increasing likelihood that the German economy contracted in Q3, with current conditions judged to be the worst in more than four years.
    • Gilts made modest losses on a quiet day for UK economic news.
  • Euro wrap-up

    Euro wrap-up

    23 September 2024 274 KB PDF
    • Bunds made gains as the flash euro area composite PMI fell more than expected in September, signalling for the first time in seven months that the economy is contracting.
    • Gilts followed USTs lower, while the flash UK PMIs implied ongoing moderate expansion in Q3 despite edging lower in September.