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

    23 December 2019 227 KB PDF
    • Durable goods orders: continued sluggish flow
    • New home sales: shy of expectations, but still firm by recent standards
  • Euro Wrap-up

    Euro Wrap-up

    20 December 2019 362 KB PDF
    • Bunds made modest gains as euro area consumer confidence unexpectedly deteriorated.   
    • Gilts also made gains while FCA CEO Andrew Bailey was nominated to succeed Mark Carney as BoE Governor.  
  • Yen 4Sight

    Yen 4Sight

    20 December 2019 537 KB PDF
    • The BoJ kept its main policy parameters unchanged, while inflation ticked slightly higher in November.
    • The decline in consumption in October was more modest than after the 2014 tax hike. But IP and exports remain weak.
  • US Economic Comment

    US Economic Comment

    20 December 2019 306 KB PDF
    • Consumer spending: slow retail activity belies continued support from households
    • Boeing: more meaning economic effects
  • Euro Wrap-up

    Euro Wrap-up

    19 December 2019 282 KB PDF
    • Bunds followed USTs lower as the Swedish Riksbank ended its negative rate policy and a French survey suggested that business conditions remained stable towards year-end.
    • Gilts also made losses as the BoE left monetary policy unchanged but UK retail sales data missed expectations. 


  • US Data Review

    US Data Review

    19 December 2019 156 KB PDF
    • Existing home sales: mixed geographically; soft in total
  • Euro Wrap-up

    Euro Wrap-up

    18 December 2019 303 KB PDF
    • Bunds followed the global trend lower as Germany’s ifo survey exceeded expectations. But Greek bonds rallied as reports suggested that the ECB will lift restrictions on Greek banks’ holdings of domestic government debt.
    • Gilts also made losses even as UK inflation figures suggested still subdued price pressures. 
  • Euro Wrap-up

    Euro Wrap-up

    17 December 2019 289 KB PDF
    • Bunds made modest gains even as the euro area’s latest trade report surprised on the upside.
    • Gilts made more sizeable gains, as PM Johnson sought to rule out an extension to the Brexit transition period beyond end-2020, UK wages slowed more than expected and a manufacturing survey implied a notable decline in output.