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

  • US Data Review

    US Data Review

    15 August 2024 267 KB PDF
    • Retail sales: upside volatility in autos; activity ex-autos on track despite pockets of weakness
    • Unemployment claims: both initial and continuing claims move lower from recent highs
  • US Data Review

    US Data Review

    14 August 2024 235 KB PDF
    • CPI: ongoing moderation in July
  • Euro wrap-up

    Euro wrap-up

    2 August 2024 337 KB PDF
    • Euro area government bonds made further gains as data confirmed that French and Italian factory output contracted again in Q2.
    • Gilts followed the global trend higher on a quiet end to the week for UK economic data.
  • US Economic Comment

    US Economic Comment

    2 August 2024 345 KB PDF
    • FOMC: set to move in September; soft data raise market speculation of aggressive action
    • July employment: disappointing payroll growth; upward move in unemployment rate
  • Euro wrap-up

    Euro wrap-up

    1 August 2024 386 KB PDF
    • Bunds followed the global trend higher as euro area unemployment rose in June.
    • Gilts rallied across the curve as the BoE’s MPC voted 5-4 to cut Bank Rate and continued to forecast that inflation is likely to decline sustainably below target before the end of its projection horizon.
  • US Data Review

    US Data Review

    1 August 2024 224 KB PDF
    • Productivity: favorable performance in Q2
    • Unemployment claims: Both initial and continuing claims move higher in late July
  • Euro wrap-up

    Euro wrap-up

    31 July 2024 285 KB PDF
    • Despite a slight rise in euro area inflation in July, Bunds made gains as the core rate remained steady and German labour market data weakened.
    • Gilts made larger gains ahead of the BoE’s rate announcement.
  • US Data Review

    US Data Review

    31 July 2024 232 KB PDF
    • Employment cost index: ongoing moderation as tightness in labor market subsides
    • MNI Chicago PMI: sub-50; key components indicate contraction