Access policy
By accessing this page you are indicating that you have read, acknowledged and agree to be bound by the following terms and conditions, as issued by Daiwa Capital Markets Europe Limited (DCME). DCME is the wholly-owned investment banking subsidiary of Daiwa Securities Group Inc. DCME is registered in England (registered number 01487359). The registered office is based at 5 King William Street, London EC4N 7AX. The company is authorised and regulated by the Financial Conduct Authority. Daiwa Capital Markets Europe Limited is a member of the London Stock Exchange. Professional Investors only The materials on this website are intended only for professional, institutional or qualified investors. It may not be suitable for retail or individual investors. If you are a retail or individual investor and you proceed to access these materials, you understand that you are doing so at your own risk and that neither DCME nor any of its affiliated entities have solicited you or encouraged your access. Access Subject to Local Restrictions This website is not directed at any specific jurisdiction and you are entering a global website. Products or services mentioned on this site are subject to legal and regulatory requirements and may not be available in all jurisdictions. Accordingly you are required to inform yourself and observe any such restrictions. Products or services mentioned on this website are intended only for distribution in those jurisdictions where the offering of such products and services is permissible. Products and Services This website describes DCME’s capabilities and is for information purposes only. None of the material contained on this website is intended to constitute an offer to sell or an invitation or solicitation of an offer to buy any product or service provided by DCME and must not be relied upon in connection with any investment decision. This website does not provide any specific investment advice and does not take into consideration the investment needs of any particular investor or investors. Further, no part of this website contains an offer to provide finance or any underwriting commitment to any person. The provision of finance or underwriting to any person is discretionary and is dependent (amongst other things) on lending and security criteria. It does not constitute an offer or acceptance of contract, or indicate an intention to enter into legal relations in any form. Risk Warning There are significant risks associated with investment in the products and services that may be provided by DCME; these may include, but are not limited to, any one or combination of, market, liquidity, credit, operational, legal and regulatory risks. Changes to Content The information contained on this website is provided as-is, is subject to change without notice and no guarantee is made as to its accuracy, completeness or fitness for a particular purpose. DCME has expressed its own views and opinions on this website, and these may change without notice. DCME is under no obligation to update information and readers should not rely solely on the information contained on this website in making an investment decision. Liability Whilst DCME seeks to ensure that the information on this website is accurate and complete at the date of publication, DCME does not warrant the adequacy, accuracy or completeness of this information and does not accept any liability arising from reliance on any inaccuracy, omission in, or the use of or reliance on the information on this website. Data Protection and Privacy To the extent that you provide personal data or we obtain the same via your use of this website, we shall do so in accordance with our privacy notice, which can be found here. If you have any queries, please email DPO@uk.daiwacm.com. Governing Law The content of this website should be construed under and governed by the laws of England and Wales and the courts of this jurisdiction will have exclusive jurisdiction in respect of any dispute that may arise, except where such content is expressed to be governed by the laws of another jurisdiction. If for any reason a court of competent jurisdiction finds any provision of the Important Information section unenforceable, that provision shall be enforced to the maximum extent permissible, and the remainder of the Important Information shall continue in full force and effect. Copyright No part of this website may be reproduced in any manner without the prior written permission of DCME. Copyright 2018 ©
Tick here to confirm that you have read and understood the terms and conditions.
Accept
Home
Careers
Contact us
About Us
Overview
Company History
Corporate Governance & Regulatory
Corporate Principles
IBOR Transition
Board of directors
Modern Slavery Act 2015
Corporate Social Responsibility
Diversity & Equality
Products & Services
Equity
Investment Banking
Research
General Sales & Trading Disclosure/Disclaimer
Fixed Income
Convertible Bonds
Principal Investments
Global Network
FICC Research
London & NY Research
Tokyo Research
Recent Blogs
News & Media
News
Financial Reports
Awards & Recognition
Sponsorship
Email Alerts
About Us
Overview
Board of directors
Company History
Modern Slavery Act 2015
Corporate Governance & Regulatory
Corporate Social Responsibility
Corporate Principles
Diversity & Equality
IBOR Transition
Products & Services
Equity
Japanese Equity
Asian Equity
European Equity
Fixed Income
Fixed Income Trading
Fixed Income Sales
Business Management
MTNs & Structured Products
Investment Banking
Equity Capital Markets
Debt Capital Markets
Syndication
Convertible Bonds
Research
Principal Investments
General Sales & Trading Disclosure/Disclaimer
Global Network
FICC Research
London & NY Research
Recent Blogs
Tokyo Research
News & Media
News
Sponsorship
Financial Reports
Email Alerts
Awards & Recognition
Home
Careers
Contact us
Home
/
FICC Research
/
Recent Blogs
Recent Blogs
Subscribe to RSS feed
FILTER POSTS
Category
Europe
Japan
US
Global
Archive
2021
January (15)
Japan’s manufacturing PMI shows resilience, but service sector clearly weaker
BoJ retains key policy settings and lowers FY20 growth forecast
UK CPI surprises on the upside and set to move higher in 2021
China's Q4 GDP growth beats expectations
Biden announces coronavirus relief package; UK GDP contracts in November
Italian politics back in crisis after Renzi withdraws support for government
Japan’s machine tool orders firm at end-year
Japan’s Economy Watchers current conditions index declines sharply
China’s CPI and PPI inflation lifts in December
German IP up for seventh successive month, while French IP falls
US Democrats are confirmed to have gained control of the Senate
Japan’s services PMI revised up, but consumer confidence falls
German retail sales defy downbeat expectations
Worsening spread of Covid-19 in Europe to result in extension of restrictions
Post-Brexit deal reached but agreement imposes new barriers to trade
2020
December (14)
US Congress reaches deal on fiscal stimulus
BoJ to conduct assessment of 'further effective and sustainable monetary easing'
Fed makes minimal changes to QE message amidst broadly unchanged outlook
Japan's trade surplus widens in November; French retail sales fall
UK redundancies at record high
Hopes for US fiscal stimulus and a breaking of Brexit trade deal deadlock
UK GDP up in October despite the burgeoning 2nd wave of Covid
Japan’s core machine orders rebound, while China’s CPI falls
Japan’s Q3 GDP revised up, Reuters Tankan indices improve, but sentiment survey drops
Sterling slides and Gilts rally as tabloids suggest Johnson ready to quit Brexit talks
German factory orders surge in October back above pre-pandemic level
Japan’s services and composite PMIs revised higher
German retail sales rebound in October, beating expectations
China’s Caixin manufacturing PMI jumps to ten-year high
November (18)
Tokyo CPI inflation disappoints
German and French consumer confidence weakens
Japanese department store sales fall, while German Q3 GDP is revised up
Australia’s PMIs strengthen; Kiwi retail sales rebound in Q3
UK retail sales up as consumers start Christmas shopping
Australian employment surges as workers return to the labour force
UK inflation beats expectations, rising on higher clothes prices
Japan’s GDP rebounds in Q3; Brexit talks approach end game
EU-UK negotiations still making little progress
US Covid cases mount; UK recovery lags well behind its peers
RBNZ holds cash rate & QE steady
UK redundancies jump to record high ahead of Government wage subsidy U-turn
Biden declared US President-elect
US election result still uncalled but leaning further in Biden’s favour
BoE expands QE envelope and cuts growth forecasts
Huge electoral uncertainty in the US as Trump beats expectations
RBA cuts key cash and 3Y yield targets to 0.1%
Huge week looms in the US
October (22)
Kiwi consumer confidence rises as gathering restrictions lifted
BoJ leaves policy setting unchanged
Australian inflation remains low in Q3
Japan's underlying inflation remains near zero in September
Record levels of coronavirus cases; BoJ revises down forecasts and ECB set to be dovish
Flash euro area PMIs highlight hit to services
German consumers inevitably more downbeat
UK inflation temporarily ticks higher
Negative price pressures still in the pipeline in Germany
China's Q3 GDP positive but misses expectations
Euro car registrations rise for first time in 2020
RBA's Lowe hints at more easing as unemployment rises
Japan's IP nudged lower in August
China's trade surplus narrows as imports jump
Dovish ECB-speak continues
UK GDP falls short of expectations in August
BoJ Regional Economic Report reports improved conditions
BoJ consumption index rebounds, German IP disappoints
RBA leaves policy unchanged, while leaving door open to further easing
Japan and Australia see upward revisions to service sector PMIs
US fiscal doubts re-emerge as Trump tests positive for Covid-19
Key BoJ Tankan measures improve slightly in Q3
September (19)
Chinese PMIs exceed market expectations
Tokyo CPI points to small lift in core inflation
China's industrial profits continue post-pandemic recovery
UK consumer confidence edges up, government debt chalks up another record
Japanese department store sales weak; underlying inflation steady
German consumer confidence subdued; Australian retail sales decline sharply
RBA’s Debelle discusses policy easing options
Flash PMIs a key focus in the week ahead
Japan's core inflation at multi-year low
BoJ and BoE announcements in focus following the Fed
Japanese exports continue recovery, UK inflation fell sharply
Chinese recovery continues, UK labour market data mixed
Chinese inflation eases, Aussie confidence rebounds
Japanese GDP revised down, German exports slow
Japanese consumption falls back in July
Germany manufacturing orders slow
Services PMIs point to different states of recovery
Australia's first recession in 29 years
Suga in pole position to become Japan's new PM
August (11)
Abe set to resign
French survey contrasts with flash PMIs
Will German ifo point softer recovery momentum?
All eyes to be on Jackson Hole economic symposium
A big upside surprise to UK inflation
Japanese GDP drops to lowest level since 2011
UK worst hit economy in Q2
UK jobs fall sharply to 3-year low
Chinese inflation edges higher
Japanese spending, Chinese exports & German manufacturing in recovery mode
BoE in “steady-as-she-goes” mode
July (8)
Success at the EU Summit
Japanese exports remain extremely weak
China's GDP rebounds in Q2
Return to UK growth proves a damp squib
Japanese economic conditions improving as lending surges
Japanese and German data underwhelm
German factory orders still subdued
Japan’s business conditions tank
June (13)
Japanese data continue to disappoint
Japanese manufacturers more downbeat as exports tumble
BoJ sits tight
UK GDP plunges in April
Japanese firms inevitably downbeat
Japanese orders drop, but Aussies are happier
Japanese wages weaker again
Record drop in German IP
Japanese spending and German orders collapse
Germany ups its borrowing as ECB poised to up its bond purchases
Services PMIs provide mixed messages
No surprises from the RBA
ECB and US payrolls on the docket
May (13)
BoJ ups support for SMEs
PMIs point to modest improvement
Japan capex outlook unsurprisingly weak
UK jobless claims surge
A broad-based drop in Japanese GDP
China's demand shock persists
UK GDP drops most since the GFC
PBC, ECB & Eurogroup support risk appetite
More BoE QE on its way soon
ECB ignores German judges’ demands
All eyes on Karlsruhe
US-China tensions up again
Japan’s return to deflation
April (15)
Eyes on ECB as Q1 GDP contracts at record rate
French consumers decidedly downbeat about outlook
No limits at the BoJ
Record fall in sales in March
PMIs slump to extreme lows
UK inflation starting to slide
BoJ gives banks tentative thumbs-up
Japanese exports predictably weak
Unprecedented plunge in China’s Q1 GDP
Sentiment settles
Eurogroup flunks it
Over to Abe
Abe’s package firming up
Services PMI signal significant slump
Pain ahead
March (16)
Chinese PMIs beat expectations
Asia Pacific policy action as COVID-19 concerns continue
Euro area solidarity still missing
ECB boosts periphery bonds
Fed provides a fillip
Over to fiscal policy
Central banks in overdrive
Can the PEPP improve the euro area’s financial health?
Sabotage at the ECB
ECB to deploy all available tools?
BoE announces emergency easing package
Manic Monday
Financial markets in free-fall
Coronavirus concerns continue to weigh
RBA rate cut shows the way
Central banks attempt to calm concerns
February (17)
Market rout continues
Asian sentiment stabilises as Japan plays catch up
Risk evaporates on Italian virus spread
Dire Japanese PMIs depict downside risks
Aussie jobless rate rises
Japanese exports and orders disappoint (again)
Aussie sentiment survives bushfires
Japan’s GDP contracts sharply
German GDP flat, Japan’s services soft
Inflation in focus
UK GDP to have slowed in Q4
Chinese inflation surged in January
A weak end to 2019 for Japanese spending, German & French IP
German factory orders disappoint
RBA Governor signals reluctance to ease further
RBA appears in no hurry to ease
Chinese markets in catch up mode
January (17)
Japanese output making modest recovery
Bank Rate to be cut (sooner or later)
CPI suggests RBA will keep powder dry
Risk appetite continues to wane
Focus on flash PMIs
Japanese trade and Aussie employment improve
Confidence slipped back at the start of the year
No surprises from the BoJ
Post-tax hike pullback in Japan’s consumption smaller than in 2014
Massive upside surprise from Japanese machine orders
BoJ regional report more downbeat, but not a game-changer
UK GDP in the spotlight
Some stronger data ahead of payrolls
German production provides some positivity
Measured markets after missile strikes
No news is good news
Final PMIs in focus
2018
December (2)
May win fails to reduce Brexit uncertainty
May confidence vote: Update
July (2)
End of term report: Can Brexit make the grade?
Brexit: May takes a risky shot at goal
June (1)
Brexit watch: summer promises fireworks
May (1)
Brexit faces gridlock
April (1)
Brexit: how the drama might unfold
March (1)
Irish stew promises Brexit summit indigestion
February (1)
The “Road to Brexit” has yet to be paved
January (1)
Brexit: The UK government has plenty on its plate in 2018
2017
December (1)
Morning comment: No BoJ surprises
September (2)
Theresa May offers only a little new on Brexit
ECB: Not yet ready to set next steps
June (1)
Euro area shows the UK how it’s done
March (2)
The ECB: No need to rush
Japan: Everything under control in 2017?
February (1)
Euro area economic outlook: Someway short of scintillating
January (1)
Time for a change of heart at the ECB?
2016
December (2)
The euro area in 2017 - Business as usual?
Will Renzi's referendum complicate Draghi's decision?
November (3)
The euro area after Trump
OBR lays bare Brexit costs
Chancellor constrained by Brexit hit to public finances
October (4)
Easy does it for the MPC
Brexit: Wishful thinking
The ECB – Not the time for tapering
Sterling – far from flash
September (2)
Kuroda does what he can (but it won’t be enough)
BoJ: Scraping the barrel?
August (1)
Can the BoJ reduce collateral damage?
July (2)
Post-Brexit Blues
Political Anarchy, Economic Calamity
June (2)
Recession, secession and political uncertainty: The post-Brexit UK
It’s the stupid politics, stupid
March (1)
ECB Barrel Scraping Getting Louder?
February (2)
Euro banks' equity valuations - credit still to catch up?
Market-testing the euro area recovery
January (1)
The BoJ and its (sort of) negative interest rate
2015
August (1)
Japan: Recovery in recess
June (1)
Greece's threat of euro exit has cheated it of a recovery
April (3)
Grexit: Avoiding the slippery slope
BoJ: The end of the easy bit?
UK election: Political risks rising
March (1)
Pfandbriefbank – not another Heta?
January (2)
Will Syriza's bark be worse than its bite?
ECB QE: Bazooka or fudge?
2014
December (2)
Draghi's QE Compromise
Abe: Third time lucky?
November (1)
Jump-starting Germany: A menu for Merkel
October (3)
Kuroda waves his wand again
Rouble Trouble
The BoJ's Tankan Survey: Steady as she goes
September (2)
Draghi's ECB: Bottom of the table
ECB Preview: Will Draghi rise to the occasion?
August (3)
UK Bank Rate: Slackers hold the key
Japan's Q2 GDP: No show-stopper
TLTROs: Never Mind the Placebo
July (2)
Euro area outlook: Firmer growth, subdued inflation
The Tankan and QQE: Carry on Regardless
June (3)
Sizing up the ECB’s policy package
Abe’s 3rd Arrow: Flying or Dying?
Comfortable Easing Ahead for the ECB
May (2)
The ECB waiting game
The ECB’s waiting game
April (1)
UK property market: More still than sparkling
January (4)
UK rates: No change in 2014?
Abenomics: What follows the Money? A Response
Abenomics: What follows the Money?
Italian and Spanish spreads: Further to fall?
2013
December (1)
Japan: Q313 Flow of Funds
November (1)
Abe & the Consumption Tax: No Nineties Throwback
October (1)
A Tale of Two Cities
September (5)
QQE in action: The BoJ's flow of funds data
Did the Fed bottle it?
Abe & the Consumption Tax: No Nineties Throwback
Euro Banks: Time for another check-up
Abenomics - FAQs
August (1)
BoJ: Waiting for wage growth
June (5)
RBS - Is George's Heart Really In A Break-Up?
Euro area economic forecasts: A little light at the end of the tunnel
Achtung Abe!!
Floods in Germany: No impact on ECB policy
Is Abenomics failing?
May (8)
JGBs: Banking on the BoJ
Weakness in the euro area's core: Structural or cyclical?
JGBs: BoJ provides the ultimate backstop
Japan: Is the virtuous cycle within reach?
ECB policy: Looking at the negatives
ECB: Filling the BoJ's old boots?
ECB: Reloading the conventional measures
ECB: More than a rate cut?
April (5)
Germany’s new anti-euro party: The saviour of the single currency?
Corporate Japan: Far from a curse
Wow, Kuroda!
The BoJ: Over-inflated expectations?
Cyprus’ missed opportunity?
March (11)
Euro area post-Cyprus: Re-pricing of risks
UK banks – Safety first
Cyprus: A dark future within the euro area
It’s the euro that needs a solidarity fund
The madness of Chancellor George
Cyprus: A Haircut In All But Name
Banking union: Deflecting the euro area’s cosmic rock
UK inflation: Why wages matter
The Bank of Japan: Counting on Kuroda
BoE: Only a matter of time
ECB: Tailoring rates getting increasingly challenging
February (3)
France: How much should we worry?
The strong euro: Is it a game changer for the ECB?
Japan: Maintaining the momentum
January (4)
The Bank of Japan: Great Expectations?
New Year, New BoJ?
European banks – getting to the core of subdued debt issuance
Quarterly Global Economic Outlook (Q1 2013)
< Prev
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
Sign-up for Alerts
For up to date News, Research, documents and blog posts, sign up to our email alerts
sign up