London & NY Research


    Daiwa Europe’s market-leading research on the Japanese economy.


    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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  • US Data Review

    US Data Review

    15 August 2019 210 KB PDF
    • Retail sales: strong support from consumers
    • Productivity: surprising increase in Q2, but downward revisions in 2018
    • Industrial production: softness in manufacturing and mining
  • Euro Wrap-up

    Euro Wrap-up

    14 August 2019 386 KB PDF
    • Bunds made further notable gains at the longer end of the curve today in line with the global trend, as GDP data confirmed that the German economy went into reverse in Q2.
    • Gilts also made gains, with 10Y yields falling below 2Y yields for the first time since 2008 despite an upside surprise to UK inflation in July.
  • Euro Wrap-up

    Euro Wrap-up

    13 August 2019 295 KB PDF
    • Bunds made further gains at the longer end of the curve as a German sentiment survey suggested a collapse in confidence in August.
    • Shorter-dated Gilts made modest losses as UK wage growth accelerated to the highest in eleven years.
  • US Data Review

    US Data Review

    13 August 2019 135 KB PDF
    • CPI: volatile items fuel high-side reading
  • Euro Wrap-up

    Euro Wrap-up

    9 August 2019 491 KB PDF
    • Bunds made further gains today as German exports disappointed in Q2. But the sell-off in BTPs accelerated as Italy’s coalition government appeared to be falling apart.
    • Gilts made notable gains today as UK GDP contracted in Q2 for the first time in six years.
  • Yen 4Sight

    Yen 4Sight

    9 August 2019 659 KB PDF
    • As the BoJ maintained a broadly upbeat economic assessment, Q2 GDP surprised on the upside, boosted by consumption.
    • But IP contracted sharply in June. And surveys suggest a further deterioration in economic conditions at the start of Q3.  
  • US Economic Comment

    US Economic Comment

    9 August 2019 285 KB PDF
    • Financial markets: bracing for (but not quite expecting) recession
  • Euro Wrap-up

    Euro Wrap-up

    8 August 2019 604 KB PDF
    • Bunds made losses as the latest euro area economic data were consistent with positive growth, and BTPs underperformed as Deputy Prime Minister Salvini maintained threats to collapse the Italian government.
    • Gilts also made losses despite some soft UK economic surveys and more reports of the Government’s determination to avoid a further Brexit delay.