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

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2026

2025

  • Euro wrap-up

    Euro wrap-up

    16 February 2026 267 KB PDF
    • Bunds were little changed as data confirmed that euro area industrial production fell sharply in December but still rose for a second successive quarter in Q4.
    • Gilts made gains on a quiet day for UK economic news.
  • Euro wrap-up

    Euro wrap-up

    13 February 2026 395 KB PDF
    • Bunds followed USTs higher while euro area Q4 GDP growth was unrevised at 0.3%Q/Q, and employment growth matched that in Q3.
    • Gilts also made modest gains on a quiet day for UK economic news.
  • US Economic Comment

    US Economic Comment

    13 February 2026 429 KB PDF
    • January CPI: pressure in core services ex. housing but otherwise favorable
    • Updated Fed call: FOMC on track for cuts in 2026, which could begin in the summer
  • Euro wrap-up

    Euro wrap-up

    12 February 2026 295 KB PDF
    • Bunds were little changed on a quiet day for economic news from the euro area.
    • Gilts made gains as UK GDP growth remained sluggish in Q4, slightly undershooting the BoE’s projection.
  • US Data Review

    US Data Review

    12 February 2026 212 KB PDF
    • Unemployment claims: above-consensus reads for both initial and continuing claims
    • Existing home sales: activity drops in the first month of 2026
  • US Data Review

    US Data Review

    11 February 2026 234 KB PDF
    • Payrolls: solid (albeit highly concentrated) growth of 130,000 in January after tepid hiring in 2025
    • Benchmark revisions: decidedly soft
  • Euro wrap-up

    Euro wrap-up

    10 February 2026 305 KB PDF
    • While the unemployment rate in France rose by more than expected, euro area sovereign bonds followed USTs higher on an otherwise quiet day for economic data.
    • Despite a slightly stronger UK retail sector survey, longer-dated Gilts also made gains.
  • US Data Review

    US Data Review

    10 February 2026 255 KB PDF
    • Retail sales: soft performance in December following downward-revised results
    • Employment cost index: ongoing deceleration in compensation growth