London & NY Research

  • JAPAN

    Daiwa Europe’s market-leading research on the Japanese economy.

  • EUROPE

    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

FILTER DOCUMENTS

Category Clear
Archive Reset

2026

Subscribe to RSS feed
  • European Banks - Quarterly ESG Update (3Q26)

    European Banks - Quarterly ESG Update (3Q26)

    12 October 2026 451 KB PDF
    • Sustainable debt volumes are on course for a record year following strong summer issuance. European activity has been led by FIGs and SSAs, but corporate supply has lagged amid weaker incentives.
    • Adaptation and resilience financing has gained momentum as climate risks increase, supported by improving frameworks and a growing project pipeline supporting climate-resilient infrastructure.
    • The strong primary conditions of the summer have since given way to more volatility and investor caution, with recent credit spread widening putting pressure on greeniums.

     

  • US Economic Comment

    US Economic Comment

    9 October 2026 555 KB PDF
    • FOMC minutes & Waller comments: insights on the September policy meeting and the “signaling option” for forward guidance
    • Inflation expectations: the latest survey data suggest that consumers’ longer-term views remain anchored, although gasoline prices contributed to the erosion of near term assessments
  • Euro wrap-up

    Euro wrap-up

    8 October 2026 498 KB PDF
    • Bund yields followed Brent crude prices higher, while the German economy ministry upwardly revised its growth forecast in 2026 despite another record goods trade deficit with China.
    • While BoE Governor Bailey noted that second-round inflation effects are currently subdued and surveys suggested weakening house price expectations amid tighter credit conditions, Gilts also made losses.
  • Euro wrap-up

    Euro wrap-up

    7 October 2026 340 KB PDF
    • While German industrial production data surprised to the upside on a surge in construction activity, shorter-dated Bunds made gains as investor concerns about France returned to the fore.
    • Gilts made sizeable losses on a quiet day for UK economic news.
  • Euro wrap-up

    Euro wrap-up

    6 October 2026 358 KB PDF
    • Longer-dated Bunds made gains as German factory orders fell back while OATs rallied as the French far-right RN party pledged to cut the government deficit if it came to office next year.
    • While hawkish BoE policymaker Catherine Mann reiterated her view that the UK labour market is not weak enough to tame inflation, Gilts also closed the day higher.
  • Euro wrap-up

    Euro wrap-up

    5 October 2026 311 KB PDF
    • While French spreads narrowed and Bunds made losses except at the short end as euro area producer price inflation rose to the highest rate since early 2023.
    • Gilts also made losses, while the final UK services activity PMI suggested a loss of momentum despite an upwards revision from the flash estimate.
  • Euro wrap-up

    Euro wrap-up

    2 October 2026 443 KB PDF
    • While euro area inflation rose above expectations to a three-year high and French and Italian bonds initially extended their sell-off, all euro area govvies ended the day higher on news of a release of strategic European diesel reserves.
    • Gilts also made gains as a BoE survey reported that business inflation and wage expectations remain relatively well anchored.
  • Euro wrap-up

    Euro wrap-up

    1 October 2026 313 KB PDF
    • While the French government presented its draft budget for 2027 with its plan to reduce its budget deficit to 5% of GDP, OATs and BTPs continued to sell off while Bunds rallied hard on a flight to quality.  
    • Gilts rallied while the UK manufacturing PMIs suggested a softening of momentum at the end of Q3.