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

    16 January 2026 325 KB PDF
    • Despite a broad-based softening in German inflation in December, Bunds followed the global trend slightly higher and OATs underperformed as French PM Lecornu was set to revise his budget plan in an attempt to gain parliamentary support.  
    • Gilts also made modest losses on a quiet day for UK economic news.
  • US Economic Comment

    US Economic Comment

    16 January 2026 341 KB PDF
    • Q4 update: GDP tracking at 2+ percent despite drag from the government shutdown
  • Euro wrap-up

    Euro wrap-up

    15 January 2026 320 KB PDF
    • Bunds followed the global trend lower as the first estimates of German GDP reported a return to growth in Q4 and a narrowing of the budget deficit in 2025.
    • Gilts also made losses as UK GDP beat expectations in November.
  • US Data Review

    US Data Review

    14 January 2026 253 KB PDF
    • Retail sales: better than consensus; indicative of solid activity in Q425
    • Existing home sales: activity firms up in the final month of 2025; inventories slide
  • Euro wrap-up

    Euro wrap-up

    13 January 2026 314 KB PDF
    • Bunds followed USTs higher after the release of US CPI data to close the day little changed on a relatively quiet day for euro area economic news.
    • Gilts made modest losses while a UK retail survey suggested that demand remained subdued in the run up to Christmas.
  • US Data Review

    US Data Review

    13 January 2026 233 KB PDF
    • CPI: moderate increases in headline and core in December; latest results unlikely to prompt easing in monetary policy at the late-January FOMC meeting
  • Euro wrap-up

    Euro wrap-up

    9 January 2026 384 KB PDF
    • Despite a significant upside surprise to German industrial production and modest growth in euro area retail sales, Bunds ended the day little changed.
    • Gilts made moderate gains on a quiet end to the week for UK economic news.
  • US Economic Comment

    US Economic Comment

    9 January 2026 419 KB PDF
    • December employment: unemployment dipped, although job growth remained tepid
    • FOMC: likely to view the results as sufficient to hold the fed funds rate steady in January