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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2024

2023

  • US Data Review

    US Data Review

    2 October 2023 279 KB PDF
    • ISM manufacturing: below 50, but improving; prices contained
  • Euro Wrap-up

    Euro Wrap-up

    2 October 2023 281 KB PDF
    • Bunds followed USTs lower as euro area unemployment fell to a series low in August.
    • Gilts also made significant losses as the Nationwide’s UK house price index stopped falling in September.
  • Euro Wrap-up

    Euro Wrap-up

    29 September 2023 398 KB PDF
    • Bunds rallied as the flash estimates of euro area inflation in September surprised on the downside while the latest German retail sales and French consumer spending data were also soft.
    • Gilts made somewhat smaller gains as the level of UK GDP was revised up again and UK mortgage approvals fell to a six-month low.
  • Euro Wrap-up

    Euro Wrap-up

    28 September 2023 306 KB PDF
    • Bunds made massive losses even as German inflation fell sharply to a two-year low and the Commission’s sentiment indicator slipped further to suggest contraction in euro area GDP in Q3.
    • Gilts made even larger losses despite a quiet day for UK economic news.
  • US Data Review

    US Data Review

    28 September 2023 297 KB PDF
    • Revised Q2 GDP: consumer spending revised lower, business investment adjusted upward
    • Benchmark revisions: modest adjustments to growth
  • US Data Review

    US Data Review

    27 September 2023 280 KB PDF
    • Durable goods orders: headline returns to (flat) trend after aircraft-related volatility; upward drift in bookings ex. transportation
    • Capital spending: likely soft in Q3
  • Euro Wrap-up

    Euro Wrap-up

    27 September 2023 306 KB PDF
    • Bunds ended the day lower despite a weakening in lending to euro area businesses and a deterioration in German and French consumer confidence.
    • On a quiet day for UK economic releases, Gilts made losses in line with the global trend.
  • Euro Wrap-up

    Euro Wrap-up

    25 September 2023 259 KB PDF
    • Bunds had a mixed performance, as Lagarde reiterated that the ECB’s policy stance will stay restrictive for as long as necessary, but a German business survey continued to offer a relatively bleak assessment.  
    • Gilts followed the global trend lower, while a UK retail survey beat expectations, reporting a notably softer pace of decline.