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

FILTER DOCUMENTS

Category Clear
Archive Reset

2024

2023

  • Euro wrap-up

    Euro wrap-up

    3 May 2024 370 KB PDF
    • Bunds followed USTs higher, while unemployment figures illustrated the ongoing resilience in the euro area’s labour market.
    • Gilts also made losses on a quiet day for top-tier UK releases.
  • US FOMC Review

    US FOMC Review

    1 May 2024 246 KB PDF
    • FOMC: target range for the federal funds rate unchanged at 5.25 to 5.50 percent; lack of further progress on inflation
    • QT: adjustments to Treasury redemption cap to allow for longer balance sheet runoff
    • Powell press conference: policy well-calibrated to address two-sided risks; incoming data will dictate the path of policy
  • US Data Review

    US Data Review

    1 May 2024 283 KB PDF
    • ISM manufacturing: soft performance in April, with contractions in orders and employment; prices jump
  • Euro wrap-up

    Euro wrap-up

    30 April 2024 318 KB PDF
    • Bunds made losses as euro area core inflation fell less than expected in April and GDP surprised on the upside in Q1.
    • Gilts followed the global trend lower despite a further fall in a survey measure of UK high street inflation.
  • US Data Review

    US Data Review

    30 April 2024 398 KB PDF
    • Employment Cost Index: firm advance in Q1
    • Consumer Confidence: drop in April
    • FHFA House Price Index: notable acceleration in February
    • MNI Chicago PMI: broad-based weakness across subcomponents
  • Euro wrap-up

    Euro wrap-up

    29 April 2024 317 KB PDF
    • While the flash estimates of April inflation saw the headline rates in Germany and Spain tick slightly higher, Bunds made gains as the respective core rates fell to the lowest in more than two years and the Commission’s survey was less upbeat than the PMIs.
    • Gilts followed the global trend higher on a quiet day for top-tier UK data.
  • Euro wrap-up

    Euro wrap-up

    26 April 2024 355 KB PDF
    • Bunds followed the global trend higher as an ECB survey suggested that euro area consumer inflation expectations remain well-anchored and bank lending remains relatively subdued.
    • Gilts also made gains while UK consumer confidence edged slightly higher at the start of Q2.
  • US Economic Comment

    US Economic Comment

    26 April 2024 606 KB PDF
    • FOMC: policy rate expected to remain at 5.375%, but changes to QT possible
    • The March inflation data: not as bad as feared, but progress toward 2% has stalled