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

2025

2024

Subscribe to RSS feed
  • Euro wrap-up

    Euro wrap-up

    7 March 2025 361 KB PDF
    • Bunds were little changed at the end of a week of significant losses, as the estimate of euro area GDP growth in Q4 was revised up but employee compensation growth moderated.
    • Gilts followed USTs higher on a quiet day for UK economic data.
  • US Economic Comment

    US Economic Comment

    7 March 2025 374 KB PDF
    • February employment: solid, but caution warranted amid heightened uncertainty
    • Friday remarks by Chair Powell: patience amid heightened uncertainty
  • Euro wrap-up

    Euro wrap-up

    6 March 2025 310 KB PDF
    • As EU leaders met to discuss loosening the region’s fiscal rules to fund more military spending and the Governing Council noted that its policy is ‘becoming meaningfully less restrictive’, euro area government bonds made further significant losses even as the ECB cut rates by a further 25bps.
    • Gilts made gains at the shorter end of the curve despite a slight pickup in UK business wage and price expectations.
  • Euro wrap-up

    Euro wrap-up

    5 March 2025 335 KB PDF
    • Bunds made big losses as yesterday evening’s German proposals for extra military and infrastructure spending significantly beat expectations.
    • Gilts followed Bunds lower, while BoE policymakers repeated the case for a careful and gradual approach to future rate cuts given heightened economic uncertainties.
  • US Data Review

    US Data Review

    5 March 2025 235 KB PDF
    • ISM services: indicating expansion for the eighth consecutive month
  • Euro wrap-up

    Euro wrap-up

    3 March 2025 329 KB PDF
    • Bunds made sizeable losses amid the prospects of higher government military spending, even as core inflation fell to a three-year low.
    • Gilts made more modest losses as UK mortgage lending picked up ahead of the Stamp Duty hike in April.
  • US Data Review

    US Data Review

    3 March 2025 199 KB PDF
    • ISM manufacturing: brief recovery may be stalling amid tariff-related uncertainty; employment and orders weak
    • Prices paid: higher for the fifth consecutive month
  • Euro wrap-up

    Euro wrap-up

    28 February 2025 446 KB PDF
    • Bunds followed USTs higher, as German core inflation fell to the lowest since mid-2021, and French and Italian services inflation also declined to multi-year lows.
    • Gilts also made gains even as BoE Deputy Governor reiterated that a gradual approach to future rate cuts is appropriate given uncertainty about the strength of wage settlements this year.