London & NY Research


    Daiwa Europe’s market-leading research on the Japanese economy.


    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


Category Clear
Archive Reset



  • Euro Wrap-up

    Euro Wrap-up

    11 October 2022 454 KB PDF
    • While the UK labour market remained very tight amid a further decline in participation, Gilts made gains apart from at the long end of the curve, as the BoE expanded the scope of its purchase operations to include index-linked bonds and postponed its sales of corporate bonds.
    • Bunds followed Gilts higher but BTPs made losses despite some stronger-than-expected Italian IP data.
  • US Data Review

    US Data Review

    7 October 2022 155 KB PDF
    • Employment: decelerating, but still respectable
  • Euro Wrap-up

    Euro Wrap-up

    7 October 2022 548 KB PDF
    • Bunds made losses as German IP data missed expectations while euro area household inflation expectations remained stable but firmly above-target.
    • Gilts also made losses despite a survey suggesting a softening of UK labour market conditions.
  • US Economic Comment

    US Economic Comment

    7 October 2022 327 KB PDF
    • The labour market: a hint of softer demand; still-tight supply
    • New policymakers at the Fed: they seem to be on board with tightening (for now)
    • Is policy restrictive?
  • Euro Wrap-up

    Euro Wrap-up

    6 October 2022 481 KB PDF
    • Bunds made big losses as the account of the ECB’s most recent policy meeting confirmed that some members advocated a 50bps hike, while German factory orders and euro area retail sales declined in August.
    • As UK pension funds appeared to continue to unwind positions before the BoE’s backstop is removed, Gilts also made big losses as surveys reported a rise in firms’ inflation expectations and a pickup in construction activity.
  • US Data Review

    US Data Review

    5 October 2022 222 KB PDF
    • International trade: sharply narrower deficit thus far in Q3
    • ISM services: a solid performance amid slowing growth
  • Euro Wrap-up

    Euro Wrap-up

    5 October 2022 453 KB PDF
    • Bunds followed USTs lower while Germany registered its smallest goods trade surplus since 1992 and the euro area services PMIs pointed to a significant slowdown since the early summer.
    • Gilts also made losses while the UK’s services PMIs signalled stagnation amid rising price pressures.
  • US Data Review

    US Data Review

    4 October 2022 218 KB PDF
    • Job openings: exiting the stratosphere
    • Factory orders: durables dip; petroleum orders restrain nondurables