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

    20 November 2023 270 KB PDF
    • Bunds made losses as the pace of decline in German producer prices eased, while euro area construction activity contracted in Q3.
    • Gilts also made modest losses on reports that the UK government is likely to announce tax cuts later in the week.
  • Euro Wrap-up

    Euro Wrap-up

    17 November 2023 379 KB PDF
    • While the broad-based decline in euro area inflation in October was confirmed, shorter-dated Bunds followed UST slightly lower.
    • Gilts made gains as UK retail sales fell well short of expectations and started Q4 on the backfoot.
  • US Economic Comment

    US Economic Comment

    17 November 2023 504 KB PDF
    • Updated Fed call: FOMC likely done hiking rates; no pivot expected until mid-2024
    • Key economic data: slowing in inflation and some softening in labor market
  • US Data Review

    US Data Review

    16 November 2023 374 KB PDF
    • Unemployment claims: upward drift in insured unemployment claims
    • Industrial production: strike activity weighed on manufacturing
    • Housing market index: plunge in November
  • US Data Review

    US Data Review

    15 November 2023 334 KB PDF
    • Retail sales: sluggish start to Q4
    • PPI: decline in October led by a drop in energy prices
  • Euro Wrap-up

    Euro Wrap-up

    15 November 2023 335 KB PDF
    • Bunds followed USTs lower despite some very weak euro area industrial production data, which confirmed a fourth successive quarterly contraction in Q3.
    • Gilts also made losses even as UK inflation fell sharply in October to a two-year low below the BoE’s recent projection.
  • Issuer Profile - Caixa Bank S.A.

    Issuer Profile - Caixa Bank S.A.

    15 November 2023 323 KB PDF
    • Surge in profitability driven by higher lending income
  • Euro Wrap-up

    Euro Wrap-up

    14 November 2023 336 KB PDF
    • Bunds followed USTs higher despite signs of ongoing resilience in the euro area’s labour amid weakening economic momentum and signals from a German investor survey of some stabilisation in the outlook.
    • Gilts also made gains as UK labour market data signalled a loss of momentum in wage growth and a further decline in job vacancies.