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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2026

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  • Euro wrap-up

    Euro wrap-up

    21 August 2026 431 KB PDF
    • Bunds were little changed as the flash euro area PMIs signalled steady economic growth and a slight easing of cost pressures, while consumer confidence edged higher and wage settlement growth and household inflation expectations moderated.
    • While UK consumer confidence rose to a 2-year high and public borrowing exceeded expectations, Gilts made modest gains as the flash PMIs suggested moderate growth in Q3.
  • Euro wrap-up

    Euro wrap-up

    20 August 2026 294 KB PDF
    • Bunds were little changed on the day despite a bigger than expected increase in German producer prices while euro area construction output data disappointed.
    • Gilts followed USTs lower as a survey suggested a slight improvement in mood in the UK industrial sector.
  • Euro wrap-up

    Euro wrap-up

    19 August 2026 312 KB PDF
    • Bunds made losses as final euro area inflation data confirmed a modest pickup in headline and core rates in July.
    • While UK inflation predictably jumped on higher household energy bills, Gilts made gains as a stable core print and easing input costs reinforced expectations that the BoE will leave rates unchanged for some time.
  • Euro wrap-up

    Euro wrap-up

    18 August 2026 341 KB PDF
    • With wholesale energy prices higher, Bunds made losses while the ZEW survey suggested that investor optimism with respect to the German economic outlook has risen again.   
    • Gilts made slightly smaller losses as the latest UK labour market data reported further moderation in private sector pay growth and declining payrolls.
  • US Economic Comment

    US Economic Comment

    14 August 2026 379 KB PDF
    • August price data: inflation reports for July suggest a tame increase in the PCE price index, which could allow the FOMC to leave interest rates unchanged in September amid possible softening in other data
    • Retail sales and consumer sentiment: disappointing
  • US Data Review

    US Data Review

    12 August 2026 204 KB PDF
    • CPI: war-driven pressure in energy prices abated in July, contributing to a restrained headline reading; core rose moderately after rounding to no change in the previous month
  • Euro wrap-up

    Euro wrap-up

    7 August 2026 343 KB PDF
    • Bunds made modest gains while the German dataflow confirmed a rebound in industrial output and firm goods export growth in Q2.
    • Gilts also followed the global trend higher on a quiet day for UK economic news.
  • Euro wrap-up

    Euro wrap-up

    6 August 2026 334 KB PDF
    • Bunds made modest losses as German factory orders beat expectations and euro area retail sales displayed continued resilience.
    • Gilts followed the global trend lower while the UK construction PMIs showed signs of recovery at the start of Q3.