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



  • US Data Review

    US Data Review

    30 October 2020 229 KB PDF
    • Income & consumption: shrinking income support; moderate spending led by services
    • ISM: off slightly; still firm
  • Euro wrap-up

    Euro wrap-up

    30 October 2020 399 KB PDF
    • Bunds and other euro area government bonds made losses as the euro area’s Q3 data significantly beat expectations.  
    • Gilts followed other major government bonds lower as a measure of UK house price growth rose to the highest since early 2015.
  • US Economic Comment

    US Economic Comment

    30 October 2020 305 KB PDF
    • U.S. economy: prospects for the fourth quarter
    • Continued support from consumers
    • An uneventful FOMC meeting
  • Euro wrap-up

    Euro wrap-up

    29 October 2020 384 KB PDF
    • Bunds made gains, BTPs rallied, and the euro exchange rate depreciated as the ECB sent a clear signal that further monetary easing is coming in December, with all policy tools being considered for recalibration.
    • Gilts were little changed as UK car production hit a 25-year low, consumer credit fell, but new mortgage approvals reached their highest since 2007.
  • Euro wrap-up

    Euro wrap-up

    27 October 2020 369 KB PDF
    • Bunds made gains as euro area bank lending to firms declined and banks reported a tightening of credit standards due to concerns about the economic impact of the pandemic.
    • Gilts also rallied as a survey suggested a weakening of UK retail sales.
  • Euro wrap-up

    Euro wrap-up

    26 October 2020 320 KB PDF
    • Bunds were little changed as the ifo survey suggested a deterioration in the German business outlook but BTPs made further gains following Friday evening’s favourable revision to Italy’s sovereign rating outlook by S&P.
    • Gilts were also little changed following weekend reports that the UK government will finalise its Brexit negotiation strategy only once the US election results are clear.
  • Euro wrap-up

    Euro wrap-up

    23 October 2020 537 KB PDF
    • Bunds were little changed but BTPs made gains as the euro area flash PMIs suggested that services activity in the region is contracting but German manufacturing output has strengthened.
    • Gilts also were also little changed even as the UK flash PMIs remained consistent with growth while retail sales rose further above the pre-pandemic level.
  • Euro wrap-up

    Euro wrap-up

    22 October 2020 356 KB PDF
    • Bunds made losses despite a weakening in euro area and German consumer confidence and a deterioration in French business sentiment.
    • As the EU-UK negotiations resumed, Gilts made significant losses for a second day while a survey illustrated ongoing struggles in consumer-facing services but the Chancellor announced more support for UK businesses.