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

    26 July 2023 277 KB PDF
    • New home sales: pause in recent recovery
  • US FOMC Review

    US FOMC Review

    26 July 2023 245 KB PDF
    • FOMC: no surprise with 25-basis-point hike; statement essentially unchanged from June
    • Powell: firm commitment to 2-percent inflation; upcoming meetings “live”
  • Euro Wrap-up

    Euro Wrap-up

    25 July 2023 265 KB PDF
    • Bunds made modest losses even as the ECB’s latest Bank Lending Survey reported a record decline in demand for business loans and Germany’s ifo business survey signalled a marked deterioration in current conditions.
    • Gilts also made losses as UK manufacturing survey signalled an improvement in business sentiment, output and orders. 
  • Euro Wrap-up

    Euro Wrap-up

    24 July 2023 297 KB PDF
    • Bunds made gains as the flash euro area PMIs surprised on the downside in July, signalling a steeper pace of contraction amid waning demand.
    • Gilts also made gains as the flash UK PMIs similarly pointed to a marked slowing in economic recovery as higher interest rates and weaker demand started to bite.
  • Euro Wrap-up

    Euro Wrap-up

    21 July 2023 307 KB PDF
    • Bunds made modest gains while today’s data showed that French retail sales declined in Q2 despite modest growth in June.
    • Despite an upside surprise to UK retail sales figures, Gilts ended the day higher as consumer confidence deteriorated at the start of Q3.
  • US Economic Comment

    US Economic Comment

    21 July 2023 535 KB PDF
    • FOMC: additional policy firming likely next week
    • GDP preview: U.S. economy on growth trajectory in Q2
  • Euro Wrap-up

    Euro Wrap-up

    20 July 2023 243 KB PDF
    • Despite a further easing in German producer price inflation, Bunds made losses as euro area consumer confidence beat expectations.
    • Gilts also followed the global trend lower on a quiet day for UK economic data.
  • US Data Review

    US Data Review

    19 July 2023 279 KB PDF
    • Housing starts: multi-family drops, but signs of revival in single-family activity