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

  • Euro wrap-up

    Euro wrap-up

    29 July 2024 252 KB PDF
    • Bunds followed the global trend higher, while Irish GDP accelerated in Q2 to make a non-negligible contribution to growth in the region but Belgian growth moderated to give a better guide to the euro area figure.
    • Gilts also made gains while a UK survey signalled that retail sales remained subdued at the start of Q3.
  • Euro wrap-up

    Euro wrap-up

    26 July 2024 363 KB PDF
    • While French and Italian consumer confidence pointed to firmer consumption growth, Bunds followed USTs higher as an Italian business survey signalled slowing economic growth.
    • Ahead of next week's BoE policy announcement, Gilts also made gains on a quiet day for UK economic data.
  • US Economic Comment

    US Economic Comment

    26 July 2024 572 KB PDF
    • Next week’s Fed meeting: no change in policy expected, but increasing likelihood of a cut in September
    • PCE inflation: ongoing progress; broadening disinflation
  • US Data Review

    US Data Review

    25 July 2024 317 KB PDF
    • GDP: growth tilting to the firm side in Q2
    • Inflation: moderate advance in GDP price index, with PCE indexes a bit faster
  • Euro wrap-up

    Euro wrap-up

    25 July 2024 276 KB PDF
    • Bunds made gains as the German ifo business survey implied a further loss of momentum, while the French INSEE survey signalled a marked deterioration in business conditions at the start of Q3.
    • While a UK survey signalled an improvement in expected manufacturing output ahead, Gilts followed the global trend higher as firms’ selling-price expectations fell back.
  • US Data Review

    US Data Review

    24 July 2024 358 KB PDF
    • New home sales: back-to-back declines leave a subdued pace of activity
    • Inventories: elevated amid sluggish sales
  • Euro wrap-up

    Euro wrap-up

    24 July 2024 302 KB PDF
    • Shorter-dated Bunds made gains as the flash euro area PMIs unexpectedly fell to suggest stagnation at the start of Q3.
    • While the flash UK activity PMIs surprised to the upside in July, Gilts also rose at the short end as the survey’s services selling-price index fell to a near 3½-year low.
  • US Data Review

    US Data Review

    23 July 2024 281 KB PDF
    • Existing home sales: low end of the long-term range
    • Inventories: still tight, but hints of improvement