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

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2025

2024

  • US Data Review

    US Data Review

    2 December 2024 213 KB PDF
    • ISM manufacturing: factory sector contracts at a slower rate
  • Euro wrap-up

    Euro wrap-up

    2 December 2024 347 KB PDF
    • Bunds made gains while OATs underperformed significantly as French Prime Minister Barnier invoked a constitutional rule to force through his social security bill, raising the prospect of a no-confidence vote later this week.
    • Gilts made gains even as UK house price growth accelerated the most in more than two years.
  • Euro wrap-up

    Euro wrap-up

    29 November 2024 456 KB PDF
    • Bunds made gains as the flash headline estimate of euro area inflation in November rose but the core rate was unchanged, while German and French spending indicators fell back in October.
    • Gilts also made gains despite a jump in UK mortgage approvals.
  • Euro wrap-up

    Euro wrap-up

    28 November 2024 362 KB PDF
    • Bunds made further gains as flash German inflation estimates for November undershot expectations, while the Commission survey and bank lending data were consistent with soft euro area GDP growth in Q4.
    • OATs outperformed as the French government appeared to make concessions to the opposition parties in an attempt to pass its Budget.
  • Euro wrap-up

    Euro wrap-up

    27 November 2024 290 KB PDF
    • Despite a sharp deterioration in German and French consumer confidence, shorter-dated Bunds made losses as the hawkish Executive Board member Schnabel cautioned against cutting interest rates into accommodative territory.
    • Gilts followed USTs higher on a quiet day for UK economic news.
  • US Data Review

    US Data Review

    27 November 2024 265 KB PDF
    • PCE price indexes: in line with expectations; recent readings call for cautions approach by the FOMC
    • Revised Q3 GDP: headline in line with advance estimate; modest revisions to components
  • US Data Review

    US Data Review

    26 November 2024 265 KB PDF
    • FHFA house price index: firm increase in September
    • New home sales: sales drop in October, likely influenced by adverse weather; inventory of homes available for sale remains elevated
  • Euro wrap-up

    Euro wrap-up

    25 November 2024 252 KB PDF
    • Longer-dated Bunds made further gains as the German ifo business survey tallied with last week’s flash PMIs to suggest a deterioration in conditions in Q4.
    • Gilts followed USTs higher on a quiet day for UK economic news.