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

    13 August 2019 135 KB PDF
    • CPI: volatile items fuel high-side reading
  • Euro Wrap-up

    Euro Wrap-up

    9 August 2019 491 KB PDF
    • Bunds made further gains today as German exports disappointed in Q2. But the sell-off in BTPs accelerated as Italy’s coalition government appeared to be falling apart.
    • Gilts made notable gains today as UK GDP contracted in Q2 for the first time in six years.
  • Yen 4Sight

    Yen 4Sight

    9 August 2019 659 KB PDF
    • As the BoJ maintained a broadly upbeat economic assessment, Q2 GDP surprised on the upside, boosted by consumption.
    • But IP contracted sharply in June. And surveys suggest a further deterioration in economic conditions at the start of Q3.  
  • US Economic Comment

    US Economic Comment

    9 August 2019 285 KB PDF
    • Financial markets: bracing for (but not quite expecting) recession
  • Euro Wrap-up

    Euro Wrap-up

    8 August 2019 604 KB PDF
    • Bunds made losses as the latest euro area economic data were consistent with positive growth, and BTPs underperformed as Deputy Prime Minister Salvini maintained threats to collapse the Italian government.
    • Gilts also made losses despite some soft UK economic surveys and more reports of the Government’s determination to avoid a further Brexit delay.


  • Euro Wrap-up

    Euro Wrap-up

    7 August 2019 379 KB PDF
    • Bunds followed the global trend higher, as the dire run for German industrial production continued.
    • Longer-dated Gilts also made notable gains on a quiet day for UK economic news.
  • Euro Wrap-up

    Euro Wrap-up

    6 August 2019 429 KB PDF
    • Bunds made further gains with 10Y yields touching new record lows, despite an upside surprise to today’s German factory orders data.
    • Gilts ended the day little changed despite a downbeat UK retail sector survey.
  • Euro Wrap-up

    Euro Wrap-up

    5 August 2019 443 KB PDF
    • Bunds followed USTs higher as Germany’s services PMIs for July were revised lower.
    • Gilts also made gains, pushing 10Y yields to record lows, despite a slightly improved UK services PMI survey.