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

    7 October 2024 250 KB PDF
    • While German factory orders disappointed, Bunds made losses as manufacturing turnover rose for the first month in six and by the most since November 2021.
    • Gilts followed the global trend lower as the Halifax house price index reported a third monthly increase in September to the highest level since mid-2022.
  • Euro wrap-up

    Euro wrap-up

    4 October 2024 355 KB PDF
    • Bunds followed USTs lower while French industrial production surprised to the upside in August, reporting the strongest monthly growth in 15 months.
    • Gilts made losses as BoE Chief Economist Pill cautioned against cutting Bank Rate too far or too fast, while the UK construction PMI signalled the strongest growth since April 2022.
  • US Economic Comment

    US Economic Comment

    4 October 2024 372 KB PDF
    • September employment: suggesting firm underlying labor market conditions
  • US Data Review

    US Data Review

    3 October 2024 265 KB PDF
    • ISM services: firm readings on business activity and new orders; employment signals contraction
    • Unemployment claims: initial claims move up while continuing claims inch lower
  • Euro wrap-up

    Euro wrap-up

    3 October 2024 345 KB PDF
    • Bunds followed USTs lower while euro area producer prices rose for a third successive month on higher energy costs.
    • Gilts made gains as BoE Governor Bailey signalled that the MPC could become a “bit more aggressive” in its rate cuts.
  • Euro wrap-up

    Euro wrap-up

    2 October 2024 254 KB PDF
    • Bunds made losses as euro area unemployment fell below 11mn for the first time.
    • Gilts followed USTs lower on a quiet day for UK economic news.
  • Euro wrap-up

    Euro wrap-up

    1 October 2024 252 KB PDF
    • Bunds made notable gains as euro area inflation fell below the ECB’s 2% target for the first time since mid-2021, raising expectations for an October rate cut.
    • Gilts also made gains as a UK survey suggested that shop price inflation was the lowest for more than three years.
  • US Data Review

    US Data Review

    1 October 2024 277 KB PDF
    • ISM manufacturing: factory sector stuck at stall speed
    • JOLTS: job openings rebound in August; layoffs decline; quits continue to move lower