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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  • Caisse des Dépôts et Consignations (CDC) - Issuer Profile
  • Euro Wrap-up

    Euro Wrap-up

    20 May 2022 549 KB PDF
    • While German producer price inflation again exceeded expectations, Bunds made gains at the shorter end of the curve, as euro area consumer confidence remained weak.
    • While UK consumer confidence hit a record low, Gilts made losses as retail sales surprisingly rose in April.
  • US Economic Comment

    US Economic Comment

    20 May 2022 297 KB PDF
    • Consumers: cutting back on food and gasoline; active elsewhere
    • Supply chains: new disruptions, but narrowly based
  • Euro Wrap-up

    Euro Wrap-up

    19 May 2022 416 KB PDF
    • As Governing Council members stated their preference for “gradual normalisation”, Bunds followed USTs higher even as the account of the ECB’s latest policy meeting underscored the likelihood of a first ECB rate hike in July and further hikes thereafter.
    • Gilts were little changed as a UK industrial survey was more upbeat than expected.
  • US Data Review

    US Data Review

    18 May 2022 154 KB PDF
    • Housing starts: single-family activity fell, but multi-family surged.
  • Euro Wrap-up

    Euro Wrap-up

    18 May 2022 495 KB PDF
    • Longer-dated Bunds made gains, as the final estimates of euro area inflation in April was revised down slightly but still confirmed a broadening of price pressures with headline and core measures at series highs.
    • Longer-dated Gilts also made modest gains as UK inflation avoided an upside surprise, albeit rising to a four-decade high amid increased prices of energy, food and core items.
  • Euro wrap-up

    Euro wrap-up

    17 May 2022 488 KB PDF
    • Bunds made sizeable losses as euro area GDP was revised higher in Q1, and was accompanied by solid employment growth.
    • Gilts also made large losses as the UK labour market tightened further and labour earnings accelerated despite weakening economic growth.
  • US Data Review

    US Data Review

    17 May 2022 232 KB PDF
    • Retail sales: vehicle sales jump; a solid performance excluding autos and gasoline
    • Industrial production: broad-based gains