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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  • US Data Review

    US Data Review

    19 February 2021 155 KB PDF
    • Existing home sales: continued robust performance.
  • Euro Wrap-up

    Euro Wrap-up

    19 February 2021 537 KB PDF
    • With the exception of the BTPs, euro area government bonds made losses as the flash euro area PMIs highlighted ongoing growth in manufacturing but contraction in services.
    • Gilts made significant further losses despite a sharp drop in UK retail sales and subdued flash UK PMIs.
  • US FOMC Review

    US FOMC Review

    18 February 2021 111 KB PDF
    • FOMC Minutes: a few insights.
  • US Data Review

    US Data Review

    17 February 2021 235 KB PDF
    • Retail sales: remarkable.
    • Industrial production: on a solid recovery path.
  • US Economic Comment

    US Economic Comment

    15 February 2021 292 KB PDF
    • Fiscal and monetary support: excessive?
  • European Banks - Credit Update

    European Banks - Credit Update

    15 February 2021 774 KB PDF
    • Commerzbank 4Q20 loss due to deepest cost cutting measures in recent history – why its restructuring is different from domestic rival Deutsche.
    • European banks M&A expected to continue in Italy and France.
    • Benign funding conditions for SSA and FIG primaries and generally better than expected quarterly FIG results reflected in tightening secondary spreads.
  • Euro Wrap-up

    Euro Wrap-up

    15 February 2021 369 KB PDF
    • Bunds and other euro area govvies made further losses despite weaker-than-expected euro area industrial production data for December.
    • Gilts also made losses after the weekend saw the number of UK inhabitants vaccinated again coronavirus surpass 15mn.
  • Euro Wrap-up

    Euro Wrap-up

    12 February 2021 502 KB PDF
    • On a quiet end to the week for euro area economic news, Bunds made losses but BTPs outperformed as Mario Draghi finalised plans for the new Italian government.
    • Gilts made further significant losses at the longer end of the curve as the UK’s Q4 GDP data beat expectations.