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

    25 August 2022 635 KB PDF
    • Bunds made gains as the German ifo survey indicated a gloomy outlook with increasing likelihood of contraction in H222, while the ECB confirmed that some Governing Council members argued for a hike of just 25bps in July but that the hawks maintain a large majority.
    • Gilts also made big gains despite a more upbeat UK retail sales survey. 
  • US Data Review

    US Data Review

    24 August 2022 152 KB PDF
    • Durable goods orders: upward drift excluding transportation
    • Pickup in shipments suggests modest advance in equipment spending in Q3
  • Euro wrap-up

    Euro wrap-up

    23 August 2022 486 KB PDF
    • Bunds made gains at the shorter end of the curve as the euro area flash PMIs suggested that the euro area economy is contracting.
    • Gilts made further losses as the UK composite PMI fell to an 18-month low but remained above the key 50 mark.
  • State Development Bank of Poland (BGK) - Issuer Profile
  • Euro Wrap-up

    Euro Wrap-up

    19 August 2022 562 KB PDF
    • Bunds continued to sell off as German producer price data surprised significantly on the upside.
    • Despite a new series low in UK consumer confidence, Gilts also made big losses as UK retail sales slightly beat expectations.
  • US Economic Comment

    US Economic Comment

    19 August 2022 313 KB PDF
    • Inflation expectations: still well contained…
    • … but tighter policy needed to maintain the favorable views
  • US Data Review

    US Data Review

    18 August 2022 156 KB PDF
    • Existing home sales: plunging affordability cuts demand
  • Euro Wrap-up

    Euro Wrap-up

    18 August 2022 420 KB PDF
    • Bunds made further losses as ECB Board member Isabel Schnabel made the case for another big rate hike in September and acknowledged the possibility that QT might be discussed too.  
    • Gilts also made losses on a quiet day for economic news from the UK.