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

FILTER DOCUMENTS

Category Clear
Archive Reset

2024

2023

Subscribe to RSS feed
  • Euro Wrap-up

    Euro Wrap-up

    12 October 2023 289 KB PDF
    • Bunds followed USTs lower even as the account of the Governing Council’s September policy meeting suggested that the ECB tightening cycle is now highly likely to be at an end.
    • While UK GDP data for August met expectations to be consistent with stagnation in Q3, and surveys reported a continued tightening of credit conditions and weakening in the housing market, Gilts also made losses.
  • Euro Wrap-up

    Euro Wrap-up

    11 October 2023 269 KB PDF
    • While an ECB survey reported a pickup in household inflation expectations, Bunds made gains at the longer end of the curve as the Middle East conflict intensified and final German inflation data for September confirmed a significant and broad-based easing of price pressures.
    • Gilts outperformed as a survey suggested that UK wage pressures are moderating.

  • US FOMC Review

    US FOMC Review

    11 October 2023 196 KB PDF
    • FOMC: September minutes indicated that restrictive policy will be required for some time
    • That said, comments by Fed officials this week suggest that recent developments could eliminate the need for additional rate hikes at upcoming meetings
  • Euro Wrap-up

    Euro Wrap-up

    9 October 2023 257 KB PDF
    • Bunds rallied as risk appetite fell following the attacks by Hamas on Israel, and German industrial production fell for a fourth successive month.
    • Gilts also made significant gains on a quiet day for UK economic news.
  • Euro Wrap-up

    Euro Wrap-up

    6 October 2023 303 KB PDF
    • Longer-dated Bunds followed USTs lower as German factory orders beat expectations.
    • Gilts also made losses on a quiet end to the week for UK economic news.
  • US Economic Comment

    US Economic Comment

    6 October 2023 513 KB PDF
    • Employment: strong payroll growth in September, albeit with caveats
    • Labor market data keep open the prospect of a hike at the Oct/Nov FOMC meeting
    • Wages: hints of moderation
  • Euro Wrap-up

    Euro Wrap-up

    5 October 2023 291 KB PDF
    • Bunds made gains as data for German goods trade, and French and Spanish IP, as well as a euro area construction sector survey, were all consistent with weak economic momentum.
    • Despite some hints of stickiness in business price and wage expectations, Gilts also made gains as the UK construction PMIs suggested a sudden significant deterioration in conditions in the sector.
  • Euro Wrap-up

    Euro Wrap-up

    4 October 2023 310 KB PDF
    • Bunds made gains as euro area retail sales volumes fell further than expected in August and the region’s final services PMIs for September remained consistent with contraction in Q3.
    • Gilts also largely made gains despite a sizeable upwards revision to the UK services PMI for September.