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

2025

  • Euro wrap-up

    Euro wrap-up

    22 April 2026 279 KB PDF
    • Bunds made modest losses at the short end of the curve even as the Commission’s flash euro area consumer confidence indicator flagged another sizable deterioration in sentiment.
    • Gilts made losses while UK inflation picked up on higher fuel prices but the core rate undershot expectations.
  • US Data Review

    US Data Review

    21 April 2026 238 KB PDF
    • Retail sales: rebound after weather-related lull; higher prices drive jump in gasoline sales
  • Euro wrap-up

    Euro wrap-up

    21 April 2026 315 KB PDF
    • While an investor survey signalled increased investor pessimism in Germany’s economic outlook, Bunds followed USTs lower.
    • Gilts also made losses, even as UK pay growth slowed the most in more than five years, job vacancies declined and redundancy notifications jumped.
  • Euro wrap-up

    Euro wrap-up

    17 April 2026 400 KB PDF
    • Euro govvies rallied, global oil prices fell and equities rose after an Iranian official announced that the Strait of Hormuz was ‘completely open’ during the ceasefire in Lebanon.
    • Gilts also followed the global trend higher on a quiet day for UK economic news.
  • US Economic Comment

    US Economic Comment

    17 April 2026 357 KB PDF
    • Recent inflation developments: PCE price index for March on track for a brisk advance, but oil prices fell in mid-April and longer-term inflation expectations remain contained
  • US Data Review

    US Data Review

    16 April 2026 206 KB PDF
    • Industrial production: broad-based decline across major components
  • Euro wrap-up

    Euro wrap-up

    16 April 2026 354 KB PDF
    • While euro area headline inflation was revised higher in March on the strongest energy inflation for more than three years, Bunds made modest gains as core inflation edged lower.
    • Gilts made losses after UK GDP surprised significantly to the upside in February.
  • Euro wrap-up

    Euro wrap-up

    15 April 2026 286 KB PDF
    • Bunds were little changed, while euro area industrial production data confirmed that manufacturing was tracking well below its Q4 level even before the outbreak of war in the Middle East.  
    • Longer-dated Gilts followed USTs slightly lower on a quiet day for UK economic data.