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

    21 July 2023 307 KB PDF
    • Bunds made modest gains while today’s data showed that French retail sales declined in Q2 despite modest growth in June.
    • Despite an upside surprise to UK retail sales figures, Gilts ended the day higher as consumer confidence deteriorated at the start of Q3.
  • US Economic Comment

    US Economic Comment

    21 July 2023 535 KB PDF
    • FOMC: additional policy firming likely next week
    • GDP preview: U.S. economy on growth trajectory in Q2
  • Euro Wrap-up

    Euro Wrap-up

    20 July 2023 243 KB PDF
    • Despite a further easing in German producer price inflation, Bunds made losses as euro area consumer confidence beat expectations.
    • Gilts also followed the global trend lower on a quiet day for UK economic data.
  • US Data Review

    US Data Review

    19 July 2023 279 KB PDF
    • Housing starts: multi-family drops, but signs of revival in single-family activity
  • Euro Wrap-up

    Euro Wrap-up

    19 July 2023 344 KB PDF
    • Bunds followed USTs lower, while final euro area inflation estimates confirmed a drop in the headline rate but a slightly larger uptick in core inflation.
    • Gilts made sizeable gains as UK inflation eased more than expected in July, albeit core and services inflation eased only slightly.
  • US Data Review

    US Data Review

    18 July 2023 329 KB PDF
    • Retail sales: pickup in June suggests modest growth in real consumer spending in Q2
    • Industrial production: softening in manufacturing and mining; downside volatility in utility output
  • Euro Wrap-up

    Euro Wrap-up

    14 July 2023 278 KB PDF
    • Bunds followed USTs lower while euro area trade figures reported an increase in exports in May, albeit maintaining a downwards trend.
    • Gilts also made modest losses on a quiet day for top-tier UK economic data.
  • US Economic Comment

    US Economic Comment

    14 July 2023 513 KB PDF
    • Inflation: June data (CPI, import prices) suggest deceleration, but more work to be done
    • Import prices: ally in fight against domestic inflation
    • Consumer inflation expectations: modest deterioration, but contained