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

    24 October 2024 325 KB PDF
    • Unemployment insurance: continuing claims rise on account of displaced workers from hurricanes
    • New home sales: pickup in September; inventories remain elevated
  • US Data Review

    US Data Review

    23 October 2024 176 KB PDF
    • Existing home sales: decline in activity to a new cycle low
    • Inventories: continued improvement but still tight from a long-term perspective
  • Euro wrap-up

    Euro wrap-up

    22 October 2024 336 KB PDF
    • Bunds followed USTs lower, while ECB President Lagarde reiterated that rate cut are not on a pre-determined path despite recent disinflation progress.
    • Gilts also followed USTs lower as UK public borrowing continued to overshoot the OBR previous projection.
  • CaixaBank SA - Issuer Profile

    CaixaBank SA - Issuer Profile

    18 October 2024 424 KB PDF
  • Euro wrap-up

    Euro wrap-up

    18 October 2024 379 KB PDF
    • Bunds followed USTs higher while euro area construction output remained lacklustre over the summer as demand remained restricted by monetary policy.
    • While UK retail sales surprised to the upside in September to signal a positive contribution to Q3 GDP growth, Gilts also made gains.
  • US Data Review

    US Data Review

    17 October 2024 285 KB PDF
    • Retail sales: firm activity in September
    • Unemployment insurance: hurricane-related disruptions contribute to some softening in continuing claims
  • Euro wrap-up

    Euro wrap-up

    17 October 2024 330 KB PDF
    • Shorter-dated Bunds made gains as the ECB cut rates for the third time this cycle, acknowledging that disinflation is now well on track and recent economic activity has been softer than expected, opening the door wider to further easing in December.
    • Gilts followed USTs lower on a quiet day for UK economic news
  • Euro wrap-up

    Euro wrap-up

    16 October 2024 294 KB PDF
    • Gilts rallied as UK inflation fell significantly below the BoE’s projection in September.
    • Euro area government bonds also made gains as Italian inflation data for September were revised down following the similar downwards revision to the equivalent French figures yesterday.