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

    26 April 2023 265 KB PDF
    • Bunds made significant gains at the short end of the curve despite a further pickup in German consumer confidence.
    • Gilts made losses as a survey pointed to a firm rebound in UK retail sales in April.
  • Euro Wrap-up

    Euro Wrap-up

    24 April 2023 415 KB PDF
    • Shorter-dated Bunds made losses as ECB hawk Schnabel reiterated that another 50bps hike was possible in May, while the Bundesbank revised up its assessment of Germany’s economic performance in Q1.
    • Gilts also made losses on a quiet day for UK economic data. 
  • Euro Wrap-up

    Euro Wrap-up

    21 April 2023 647 KB PDF
    • Bunds made losses as the flash euro area PMIs suggested strengthening economic growth momentum led by services.
    • Despite a drop in UK retail sales, Gilts made losses at the short end of the curve as the flash UK PMIs also beat expectations to point to strengthening demand, and as consumer confidence rose to a 14-month high.
  • Euro Wrap-up

    Euro Wrap-up

    20 April 2023 449 KB PDF
    • Despite a further improvement in consumer confidence to the best level since Russia’s invasion of Ukraine, and a sharp narrowing in the euro area’s goods trade deficit to a 16-month low, Bunds followed USTs higher.
    • On a quiet day for UK economic news, Gilts also made significant gains.
  • Euro Wrap-up

    Euro Wrap-up

    19 April 2023 519 KB PDF
    • Bunds made losses while the rise in euro area core inflation in March was confirmed and data also suggested that construction activity provided a boost to euro area GDP in Q1.
    • Gilts made much bigger losses as, contrary to expectations, UK CPI inflation remained in double-digits and core inflation failed to fall.
  • Euro Wrap-up

    Euro Wrap-up

    18 April 2023 265 KB PDF
    • Shorter-dated Bunds made modest gains even as the German ZEW survey suggested that investors were more downbeat regarding the outlook.
    • Despite a rise in the UK unemployment rate, and further declines in inactivity and vacancies, Gilts made losses as pay growth exceeded expectations.
  • US Data Review

    US Data Review

    18 April 2023 157 KB PDF
    • Housing starts: multi-family building eased but remained elevated; single-family activity rose modestly
  • US Economic Comment

    US Economic Comment

    14 April 2023 341 KB PDF
    • CPI: hints of moderation, but still insufficient to meet price stability mandate
    • Inflation data, and comments by Fed officials, suggest no near-term pivot
    • Friday data: retail sales & industrial production ease