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

    16 November 2018 518 KB PDF
    • Bunds were little changed as final euro area inflation in October aligned with the flash estimate.
    • Gilts partly reversed yesterday’s gains as there were no new significant developments with UK politics.
  • US Data Review

    US Data Review

    15 November 2018 131 KB PDF
    • Retail sales: sharp gain in October; detail less impressive
  • Euro Wrap-up

    Euro Wrap-up

    15 November 2018 433 KB PDF
    • Gilts made notable gains as UK-EU Brexit deal was met with condemnation from both sides of the Brexit argument and triggered the resignation of several ministers from the UK Cabinet. 
    • Bunds followed Gilts higher, while euro area trade figures implied that net trade was a drag on GDP growth in Q3.
  • US Data Review

    US Data Review

    14 November 2018 134 KB PDF
    • CPI: energy pressure in October; core inflation stable
  • Euro Wrap-up

    Euro Wrap-up

    14 November 2018 503 KB PDF
    • Bunds were little changed despite a weaker than expected German Q3 GDP release. BTPs continued to make losses as the Italian government defied the Commission’s request to revise its budgetary plan. 
    • Gilts made very modest gains as markets awaited the outcome of the UK Cabinet’s vote on the Withdrawal Agreement text.
  • Euro Wrap-up

    Euro Wrap-up

    13 November 2018 391 KB PDF
    • Bunds were little changed despite a disappointing German sentiment survey, while the Italian government was working to the wire to submit new fiscal plans to the European Commission. 
    • Gilts made notable losses as reports suggested that EU and UK negotiators had reportedly finalised the Withdrawal Agreement text.
  • European Banks - Credit Update

    European Banks - Credit Update

    13 November 2018 407 KB PDF
    • In line with the trend of recent quarters, the 3Q18 earnings season was relatively uneventful.
    • Expectations for a new round of TLTRO for euro area banks is growing. The ECB might provide some signals to the market in December, whilst the final details could be provided in March 2019.
  • Euro Wrap-up

    Euro Wrap-up

    9 November 2018 559 KB PDF
    • Bunds followed USTs higher, while BTP spreads widened slightly as concerns about the Italian budget remained to the fore. 
    • Gilts also followed the global trend, despite UK GDP growth accelerating to a seven-quarter high.