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

  • US Economic Comment

    US Economic Comment

    28 July 2023 544 KB PDF
    • U.S. data on growth & inflation: favorable developments
    • Employee compensation costs: slower growth, but still brisk
  • Euro Wrap-up

    Euro Wrap-up

    27 July 2023 314 KB PDF
    • Bunds made gains as the ECB raised its main policy rates by 25bps but kept open its options for its September policy meeting.
    • Gilts made gains at the short end of the curve but losses at the long end despite a weak UK retail survey.
  • US Data Review

    US Data Review

    27 July 2023 298 KB PDF
    • Q2 GDP: firm growth, led by consumer spending and business investment
    • GDP price index: subdued in Q2
    • Durable goods orders: jump in headline led by transportation category
  • Euro Wrap-up

    Euro Wrap-up

    26 July 2023 272 KB PDF
    • Bunds made losses even as today’s ECB monetary data further illustrated the impact of higher interest rates on bank lending and deposits.
    • Gilts also made losses on a quiet day for top-tier UK economic data.
  • US Data Review

    US Data Review

    26 July 2023 277 KB PDF
    • New home sales: pause in recent recovery
  • US FOMC Review

    US FOMC Review

    26 July 2023 245 KB PDF
    • FOMC: no surprise with 25-basis-point hike; statement essentially unchanged from June
    • Powell: firm commitment to 2-percent inflation; upcoming meetings “live”
  • Euro Wrap-up

    Euro Wrap-up

    25 July 2023 265 KB PDF
    • Bunds made modest losses even as the ECB’s latest Bank Lending Survey reported a record decline in demand for business loans and Germany’s ifo business survey signalled a marked deterioration in current conditions.
    • Gilts also made losses as UK manufacturing survey signalled an improvement in business sentiment, output and orders. 
  • Euro Wrap-up

    Euro Wrap-up

    24 July 2023 297 KB PDF
    • Bunds made gains as the flash euro area PMIs surprised on the downside in July, signalling a steeper pace of contraction amid waning demand.
    • Gilts also made gains as the flash UK PMIs similarly pointed to a marked slowing in economic recovery as higher interest rates and weaker demand started to bite.