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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2020

2019

  • Euro Wrap-up

    Euro Wrap-up

    19 February 2020 387 KB PDF
    • With the exception of the short end of the curve, Bunds made modest gains as data confirmed a third successive quarterly decline in euro area construction output in Q4.  
    • Gilts made modest gains across the curve despite an upside surprise in the latest UK inflation data.
  • Euro Wrap-up

    Euro Wrap-up

    18 February 2020 306 KB PDF
    • Longer-dated Bunds made only modest gains even as a German sentiment survey signalled renewed pessimism in the economic outlook in February.
    • Gilts followed the global trend higher as UK employment rose to a record high, but wage growth slowed.
  • US Economic Comment

    US Economic Comment

    17 February 2020 294 KB PDF
    • Labour market: a hint of softening, but still firm
    • Manufacturing: slight improvement

     

  • Euro Wrap-up

    Euro Wrap-up

    14 February 2020 498 KB PDF
    • Bunds made gains as data confirmed that Germany’s economy failed to grow in Q4.
    • Gilts followed USTs higher on a quieter day for UK economic news.
  • US Data Review

    US Data Review

    13 February 2020 159 KB PDF
    • CPI: drop in energy prices: range-bound change in core component
  • Euro Wrap-up

    Euro Wrap-up

    12 February 2020 367 KB PDF
    • Bunds followed Treasuries lower even as euro area IP declined in Q4 at the steepest quarterly pace for seven years.
    • Gilts also made notable losses on a day bereft of UK economic data.
  • Euro Wrap-up

    Euro Wrap-up

    11 February 2020 285 KB PDF
    • Bunds followed the global trend lower as Lagarde stated that the side effects of the ECB’s current policies were likely to become greater over time.
    • Gilts also made losses as Q4 GDP figures showed that the UK economy stagnated in Q4 but growth was revised higher in the first three quarters of 2019.
  • US Economic Comment

    US Economic Comment

    10 February 2020 294 KB PDF
    • Employment: softer history, but a recent rally; still-favorable trend
    • Productivity: lagging the historical performance, but hints of improvement