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



  • US FOMC Review

    US FOMC Review

    7 July 2021 113 KB PDF
    • FOMC minutes: little insight into prospects for tapering.
  • Euro wrap-up

    Euro wrap-up

    6 July 2021 426 KB PDF
    • Bunds followed USTs notably higher while German factory orders data disappointed but euro area retail sales rebounded sharply in May.
    • Gilts similarly made gains despite an upside surprise to the UK construction PMI, which signalled the strongest growth in the sector for 24 years.
  • US Data Review

    US Data Review

    6 July 2021 153 KB PDF
    • ISM services: softer than expected, but still firm
  • Euro wrap-up

    Euro wrap-up

    5 July 2021 427 KB PDF
    • Bunds made modest losses as the final euro area services PMIs were revised higher, but German auto production and French IP were hit by supply bottlenecks.
    • Longer-dated Gilts also made modest losses as the UK Government was set to ease its pandemic restrictions further, the UK services PMI was upwardly revised, but car registrations figures suggested a slow recovery.
  • Euro Wrap-up

    Euro Wrap-up

    2 July 2021 563 KB PDF
    • While euro area producer price inflation rose to a record high and Spanish unemployment fell the most on record, Bunds made gains as ECB President Lagarde noted downside risks posed by Covid-19’s delta variant.
    • Gilts also made gains on a quiet end to the week for UK economic news.
  • US Economic Comment

    US Economic Comment

    2 July 2021 318 KB PDF
    • The labour market: lagging by some measures, robust by others
    • Inflation risks: supply-chain disruptions remain an issue
  • Euro Wrap-up

    Euro Wrap-up

    1 July 2021 456 KB PDF
    • Bunds were little changed while euro area unemployment fell further than expected, German retail sales rebounded somewhat, and the flash PMIs were largely revised up to suggest stronger output and higher prices.
    • Gilts made very modest losses while Governor Bailey insisted that the BoE wouldn’t overreact to current price pressures.
  • Euro Wrap-up

    Euro Wrap-up

    30 June 2021 481 KB PDF
    • Despite some firm German labour market data, Bunds made gains as euro area inflation fell back in June.
    • Gilts also made gains while data flagged the jump in UK household savings along with rising business price expectations but also continued intense price pressures on the high street.