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


Category Clear
Archive Reset


  • Euro wrap-up

    Euro wrap-up

    29 November 2023 317 KB PDF
    • Bunds made sizeable gains as German inflation fell further than expected, dropping to its lowest level since June 2021, even as the Commission survey suggested that services price expectations remain sticky.
    • While UK mortgage approvals ticked higher, Gilts also made gains as households made a net repayment of their mortgage debt for a second successive month.
  • Euro wrap-up

    Euro wrap-up

    28 November 2023 312 KB PDF
    • Bunds made gains as the latest euro area data suggested that bank lending remained sluggish, while there was only a modest improvement in German and French consumer sentiment.
    • Despite hawkish comments from a BoE Deputy Governor, Gilts also made gains as a UK survey suggested a further easing in shop price inflation.
  • Euro Wrap-up

    Euro Wrap-up

    24 November 2023 335 KB PDF
    • Bunds made losses as a German survey raised hopes of some stabilisation in the business climate in the New Year.  
    • Longer-dated Gilts also made losses as UK consumer confidence bounced back, while BoE Chief Economist Pill stated that price pressures remained stubbornly high.
  • Euro Wrap-up

    Euro Wrap-up

    23 November 2023 296 KB PDF
    • Bunds made losses as the flash euro area PMIs for November reported a modest improvement while the account of the ECB’s October policy meeting underscored its intention to maintain a “higher for longer” stance.
    • Gilts made bigger losses as the flash UK PMIs significantly beat expectations.
  • Euro Wrap-up

    Euro Wrap-up

    22 November 2023 273 KB PDF
    • Bunds made losses as euro area consumer confidence beat expectations rising to the highest since February 2022.
    • Gilts made losses as the UK Chancellor announced a modest easing of fiscal policy while the DMO revised down only very slightly its Gilt issuance plan for the current fiscal year.
  • Euro Wrap-up

    Euro Wrap-up

    20 November 2023 270 KB PDF
    • Bunds made losses as the pace of decline in German producer prices eased, while euro area construction activity contracted in Q3.
    • Gilts also made modest losses on reports that the UK government is likely to announce tax cuts later in the week.
  • Euro Wrap-up

    Euro Wrap-up

    17 November 2023 379 KB PDF
    • While the broad-based decline in euro area inflation in October was confirmed, shorter-dated Bunds followed UST slightly lower.
    • Gilts made gains as UK retail sales fell well short of expectations and started Q4 on the backfoot.
  • US Economic Comment

    US Economic Comment

    17 November 2023 504 KB PDF
    • Updated Fed call: FOMC likely done hiking rates; no pivot expected until mid-2024
    • Key economic data: slowing in inflation and some softening in labor market