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

    17 June 2025 173 KB PDF
    • Retail sales: pulled lower in part by autos and gasoline
  • Euro wrap-up

    Euro wrap-up

    17 June 2025 288 KB PDF
    • Bunds made modest losses as the ZEW survey suggested that investor optimism with respect to the German economy is the best in almost two years.
    • Gilts also made small losses, while Trump signed an executive order to implement the US and UK trade agreement, including an exemption for the UK’s aerospace sector and lower tariffs on autos.
  • Euro wrap-up

    Euro wrap-up

    13 June 2025 476 KB PDF
    • While data confirmed that euro area factory output and exports fell back sharply in April having surged in Q1, euro area government bonds made losses as oil prices jumped in response to Israel’s air strikes on Iran.
    • Gilts also made losses on a quiet end to the week for UK economic news.
  • US Economic Comment

    US Economic Comment

    13 June 2025 397 KB PDF
    • FOMC preview: with rates likely on hold, the new SEP & Powell press conference take center stage
    • Middle East tensions: further contributing to global economic uncertainty
  • Euro wrap-up

    Euro wrap-up

    12 June 2025 347 KB PDF
    • Gilts made gains as UK GDP declined in April for the first month in five and by the most since October 2023, while exports to the US fell the most on record.
    • Bunds followed the global trend higher on a quiet day for euro area economic news.
  • US Data Review

    US Data Review

    11 June 2025 249 KB PDF
    • CPI: benign reading in May amid scant evidence of tariff-related pressure
  • Euro wrap-up

    Euro wrap-up

    10 June 2025 339 KB PDF
    • Bunds followed Gilts higher even as Italian industrial production data beat expectations.
    • Gilts made larger gains after the UK labour market reported a slowdown in pay growth and further declines in payrolls and job vacancies.
  • Euro wrap-up

    Euro wrap-up

    6 June 2025 426 KB PDF
    • Bunds ended the day little changed as euro area Q1 GDP growth was revised up and various retail sales, IP and trade data suggested resilience in April.
    • Gilts followed USTs lower on a quiet day for UK economic news.