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

    16 January 2020 160 KB PDF
    • Retail sales: firm results at brick & mortar outlets; non-store activity cools
  • Euro Wrap-up

    Euro Wrap-up

    15 January 2020 391 KB PDF
    • Bunds made gains as euro area manufacturing output and export figures disappointed and data confirmed the softest full-year GDP growth in Germany for six years.
    • Gilts made significant gains as UK inflation fell well short of expectations.  
  • US Data Review

    US Data Review

    14 January 2020 158 KB PDF
    • CPI: mild energy pressure; volatile items help to contain core
  • US Economic Comment

    US Economic Comment

    13 January 2020 617 KB PDF
    • Improving trade balance: ambiguous implications
    • The labor market: December results suggest still some slack
  • Euro Wrap-up

    Euro Wrap-up

    13 January 2020 375 KB PDF
    • Euro area government bonds followed USTs lower, while Italian retail sales data suggested weak consumer spending in Q4.
    • Gilts made gains, particularly at the short end of the curve, as UK GDP fell in November and a further BoE MPC member signalled readiness to vote for a rate cut in the absence of an improvement in economic conditions.
  • Euro Wrap-up

    Euro Wrap-up

    10 January 2020 470 KB PDF
    • While the latest data from France, Italy and Spain reported growth in manufacturing output in November, Bunds followed USTs higher.
    • Despite a more positive UK labour market survey, Gilts made larger gains as another MPC member suggested that she might vote a rate cut in coming months.  
  • US Data Review

    US Data Review

    10 January 2020 156 KB PDF
    • December labour market: tilting on the soft side
  • Euro Wrap-up

    Euro Wrap-up

    9 January 2020 391 KB PDF
    • Bunds followed Treasuries lower as German IP data exceeded expectations and exports maintained an upward trend.
    • Shorter-dated Gilts made notable gains on the back of dovish comments from BoE Governor Carney and a disappointing UK retail survey.