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


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  • Euro Wrap-up

    Euro Wrap-up

    12 April 2021 392 KB PDF
    • Bunds weakened as Germany’s ruling CDU/CSU alliance failed to agree on its candidate to try to succeed Merkel as Chancellor while the latest euro area retail sales data beat expectations.
    • Gilts also made losses on a quiet start to the week for UK economic data.
  • US Economic Comment

    US Economic Comment

    9 April 2021 274 KB PDF
    • State & local governments: a source of growth?
    • PPI: a warning sign, or normal volatility?
  • US Data Review

    US Data Review

    7 April 2021 153 KB PDF
    • International trade: exports and imports slip; deficit widens.
  • US FOMC Review

    US FOMC Review

    7 April 2021 115 KB PDF
    • FOMC Minutes: keen interest in market developments (i.e. changes in interest rates).
  • US Data Review

    US Data Review

    5 April 2021 158 KB PDF
    • ISM services: surge to a record level.
    • Factory orders: break from a firm trend in February; probably weather constrained.
  • US Economic Comment

    US Economic Comment

    2 April 2021 300 KB PDF
    • Employment: vigorous advance in March.
    • Biden fiscal policy, round 2: little stimulus this year.
  • US Data Review

    US Data Review

    1 April 2021 165 KB PDF
    • ISM: elevated reading; all components contributing.
    • Construction: off in February, most likely because of weather.
  • Euro Wrap-up

    Euro Wrap-up

    1 April 2021 516 KB PDF
    • After pandemic containment measures were extended in France and Italy, euro area government bonds made gains even as the region’s final March manufacturing PMIs were revised up from already strong levels.  
    • Gilts also made gains despite upwards revisions to the UK’s March manufacturing PMIs.