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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  • US Data Review

    US Data Review

    20 January 2022 152 KB PDF
    • Existing home sales: limited supply constrains activity.
  • Euro Wrap-up

    Euro Wrap-up

    20 January 2022 486 KB PDF
    • Despite a record rise in German producer prices, evidence of broader-based consumer price pressures in the euro area, and a signal from the Governing Council of its readiness to adjust policy this year if needed, Bunds made gains as Christine Lagarde insisted that the ECB would not need to follow the Fed.  
    • Gilts also made gains despite another strong UK housing market survey.
  • US Data Review

    US Data Review

    19 January 2022 152 KB PDF
    • Housing starts: jump in multi-family offsets a dip in single-family.
    • Building permits: surge in multi-family authorizations.
  • Euro Wrap-up

    Euro Wrap-up

    19 January 2022 432 KB PDF
    • 10Y Bund yields briefly reached zero percent for the first time in almost three years, while euro area construction output was on track for growth in Q4 and final German inflation data for December provided no surprises.
    • Gilts made more significant losses as UK CPI inflation beat expectations, rising to the highest rate in 30 years.
  • Euro wrap-up

    Euro wrap-up

    18 January 2022 455 KB PDF
    • Longer-dated Bunds made modest losses as the German ZEW survey suggested that investors were more upbeat about the outlook.
    • Gilts made losses across the curve as UK data suggested a tight labour market, despite a fall in employment and wage growth in November.
  • US Data Review

    US Data Review

    14 January 2022 237 KB PDF
    • Retail sales: striking weakness in December.
    • Industrial production: better than retail sales, but also soft.
  • Euro Wrap-up

    Euro Wrap-up

    14 January 2022 589 KB PDF
    • Bunds made losses despite news that German GDP contracted in the final quarter of 2021.
    • Gilts also made losses as UK GDP growth in November beat expectations.


  • US Economic Comment

    US Economic Comment

    14 January 2022 313 KB PDF
    • Inflation: key drivers still largely in place.