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

    18 January 2019 557 KB PDF
    • Bunds made modest losses, while data showed a further narrowing of the euro area’s current account surplus. 
    • Gilts also made modest losses despite a disappointing UK retail sales release.
  • Yen 4Sight

    Yen 4Sight

    18 January 2019 438 KB PDF
    • Total machinery orders rose solidly in November, but the closely-watched series of core private orders was flat.
    • Service sector activity appears to be tracking positively in Q4.
  • US Economic Comment

    US Economic Comment

    18 January 2019 313 KB PDF
    • U.S. manufacturing: a cyclically sensitive sector remains firm
    •  The government shutdown: getting more serious, but still not a recession trigger
  • Euro Wrap-Up

    Euro Wrap-Up

    17 January 2019 392 KB PDF
    • Bunds made losses as the drop in euro area inflation in December was confirmed but German manufacturing orders data gave some comfort.
    • Gilts also largely made losses as Theresa May consulted selected politicians from outside Government to try to find a new way forward on Brexit.
  • Euro Wrap-Up

    Euro Wrap-Up

    16 January 2019 451 KB PDF
    • Bunds made losses while new car registrations data confirmed a weak fourth quarter for sales.
    • Ahead of this evening’s vote of confidence in Theresa May’s Government, Gilts also made losses as UK core inflation data surprised slightly on the upside.
  • Euro Wrap-Up

    Euro Wrap-Up

    15 January 2019 368 KB PDF
    • Bunds made gains as Draghi acknowledged recent weak economic data, illustrated by today’s German GDP and euro area trade reports. 
    • Gilts also made gains ahead of this evening’s key UK Parliament vote on Brexit.
  • Euro Wrap-up

    Euro Wrap-up

    14 January 2019 369 KB PDF
    • Bunds made minimal gains as data confirmed a plunge in euro area industrial production in November.
    • Gilts made modest losses as a letter of new reassurances from the EU to the UK on Brexit appeared unlikely to change materially the outcome of Tuesday’s Parliamentary meaningful vote.
  • Euro Wrap-up

    Euro Wrap-up

    11 January 2019 557 KB PDF
    • Bunds made modest gains at the longer end of the curve as Italian and Spanish IP data were significantly weaker than expected.
    • Gilts made losses and sterling rose on reports that Brexit will likely be postponed beyond end-March and UK GDP data beat expectations.