London & NY Research


    Daiwa Europe’s market-leading research on the Japanese economy.


    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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  • Euro Wrap-up

    Euro Wrap-up

    8 October 2020 348 KB PDF
    • Bunds followed Treasuries higher as the ECB account flagged concerns about the downside risks to the inflation outlook.  
    • Gilts also made more modest gains, as a UK housing survey showed its headline price balance rising to the strongest since mid-2002.
  • Euro Wrap-up

    Euro Wrap-up

    7 October 2020 338 KB PDF
    • Bunds followed Treasuries lower, even though German IP data fell short of expectations.
    • Gilts also made losses, although reports of repeated threats from the UK Government to walk away from talks with the EU on a new FTA if the “outlines of a deal” don’t materialise next week.  
  • Euro wrap-up

    Euro wrap-up

    6 October 2020 332 KB PDF
    • Bunds ended the day little changed as German factory orders data exceeded expectations, but September euro area construction PMIs pointed to ongoing weakness.
    • Gilts were also little changed, despite a strong UK construction PMI survey. 
  • US Data Review

    US Data Review

    6 October 2020 161 KB PDF
    • International trade: Advance in imports exceeds the gain in exports
  • US Economic Comment

    US Economic Comment

    5 October 2020 277 KB PDF
    • The U.S. economy: insights from employment and personal income
  • US Data Review

    US Data Review

    5 October 2020 158 KB PDF
    • ISM Nonmanufacturing: above pre-virus level
  • Euro Wrap-up

    Euro Wrap-up

    5 October 2020 360 KB PDF
    • Bunds followed USTs lower even as the euro area services PMIs pointed to weakening activity in September, with France and Spain particularly suffering from the accelerated spread of Covid-19.
    • While BoE external MPC member Haskel stated that he stands ready to vote for more stimulus and UK new car registration data were weak, Gilts also made losses as the UK services PMIs were revised up.
  • Euro Wrap-up

    Euro Wrap-up

    2 October 2020 457 KB PDF
    • Bunds made modest gains as the euro area’s flash CPI estimate saw headline inflation fall further into negative territory and core inflation drop to a record low.
    • Gilts made very modest losses as PM Johnson and European Commission President von der Leyen confirmed that they would hold talks over the weekend to try to unlock a potential trade deal.