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

    30 September 2026 300 KB PDF
    • While OATs continued to sell off and flash German, French and Italian inflation surprised to the upside, Bunds made sizeable gains.
    • Shorter-dated Gilts made modest gains despite an upwards revision to UK GDP in Q2 to confirm the strongest growth of the G7 in H126.
  • Euro wrap-up

    Euro wrap-up

    29 September 2026 355 KB PDF
    • While flash estimates of Spanish and Belgian inflation surprised to the upside, Bunds made modest gains while the Commission’s economic sentiment indicator fell slightly as consumer expectations deteriorated.
    • Gilts also made modest gains as the BRC’s measure of shop price inflation moderated and mortgage approvals slowed, but business lending and household credit flows remained robust.
  • Euro wrap-up

    Euro wrap-up

    25 September 2026 378 KB PDF
    • Bunds made gains at the shorter end of the curve as German consumer confidence fell to a four-month low while euro area bank lending growth was broadly steady.
    • Despite some more hawkish commentary from BoE Governor Bailey and a further improvement in UK consumer confidence, Gilts made gains across the curve as wholesale natural gas prices fell.
  • US Economic Comment

    US Economic Comment

    25 September 2026 425 KB PDF
    • Treasury yields: surge fueled by hawkish comments of various Fed officials and a reassessment of near and longer-term risks by market participants
  • Euro wrap-up

    Euro wrap-up

    24 September 2026 280 KB PDF
    • While the ifo survey echoed the flash PMIs in signalling a further strengthening in German economic growth momentum, longer-dated Bunds made losses.
    • Gilts also made losses as certain BoE MPC members flagged that a longer-lasting energy price shock would likely strengthen the case for monetary tightening.  
  • Euro wrap-up

    Euro wrap-up

    23 September 2026 286 KB PDF
    • Bunds made losses as the flash euro area PMIs pointed to the firmest economic growth momentum in more than four-years.
    • While the flash UK PMIs were consistent with softer growth, Gilts also followed the global trend lower as price pressures in the services sector intensified.
  • Euro wrap-up

    Euro wrap-up

    22 September 2026 274 KB PDF
    • Bunds made modest losses even as euro area consumer confidence weakened to its lowest level in three months.
    • Gilts made larger losses as UK public borrowing again exceeded expectations in August to run well above OBR forecast.
  • Euro wrap-up

    Euro wrap-up

    18 September 2026 387 KB PDF
    • Bunds followed the global trend lower as German PPI inflation jumped to the highest level in more than three years and household inflation expectations ticked higher.
    • Gilts underperformed as UK retail sales beat expectations to maintain this year’s steady uptrend.