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

FILTER DOCUMENTS

Category Clear
Archive Reset

2026

Subscribe to RSS feed
  • Euro wrap-up

    Euro wrap-up

    28 October 2026 270 KB PDF
    • Bunds made losses despite a drop in German consumer confidence to a six-month low.
    • Gilts outperformed with gains at the long end as the Burnham government’s first budget avoided major surprises with a modest fiscal loosening that left intact a downwards trajectory for borrowing over coming years.
  • Euro wrap-up

    Euro wrap-up

    27 October 2026 293 KB PDF
    • Bunds made gains as French consumer confidence slumped to its lowest level since the euro crisis and the ECB Bank Lending Survey suggested tighter credit conditions will weigh more heavily on loan demand in Q4.
    • While a measure of UK shop price inflation jumped to its highest level since February 2024, Gilts were little changed.
  • US Data Review

    US Data Review

    27 October 2026 344 KB PDF
    • Durable goods: increase in aircraft orders boosts headline; bookings ex. transportation also solid; shipments data suggest a strong capex performance in Q3
    • Consumer confidence: increase in headline fueled by improvement in both present situation and expectations; year-ahead inflation views ease; assessments of the labor market tick up
  • Euro wrap-up

    Euro wrap-up

    26 October 2026 312 KB PDF
    • Bunds made gains as a German business survey pointed to firmer economic momentum, while OAT spreads narrowed after Friday evening’s decision by Moody’s not to downgrade France’s sovereign credit rating.
    • Gilts were mixed, while a UK retail survey signalled a questionable improvement in retail sales growth at the start of Q4.
  • Euro wrap-up

    Euro wrap-up

    23 October 2026 425 KB PDF
    • While the flash euro area PMIs signalled softer economic momentum at the start of Q4, Bunds followed the global trend lower as wholesale energy prices jumped.
    • Gilts also made losses as a surprisingly strong UK composite output PMI contrasted significantly with a slump in consumer confidence.  
  • US Economic Comment

    US Economic Comment

    23 October 2026 711 KB PDF
    • FOMC preview: policymakers appear poised to maintain the target range for the federal funds rate at 3-3/4 to 4 percent
    • Friday data: S&P composite PMIs signal solid economic output in October; gauge of selling prices rises to new multi-year high
  • Euro wrap-up

    Euro wrap-up

    22 October 2026 366 KB PDF
    • Bunds made gains and OAT spreads widened further on continued investor concerns, while euro area consumer confidence deteriorated but French business conditions remained surprising resilient.  
    • Gilts also followed USTs higher, while a UK manufacturing survey signalled ongoing stabilisation but challenges ahead.
  • Euro wrap-up

    Euro wrap-up

    21 October 2026 351 KB PDF
    • Bunds made losses, while French and Belgian spreads widened amid ongoing Budget concerns and a lack of progress in Middle East talks.
    • While UK inflation and public sector borrowing rose more than expected, Gilts made gains as central government cash borrowing undershot expectations.