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    Daiwa Europe’s market-leading research on the Japanese economy.

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    Daiwa’s research coverage of the euro area and UK economies.

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    Daiwa’s coverage of the US economy from our colleagues in New York

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2026

2025

  • Finnvera - Issuer Profile

    Finnvera - Issuer Profile

    13 April 2026 414 KB PDF
    • Finnvera is Finland’s national promotional bank and its Export Credit Agency. Established in 1999, it is wholly owned by the Finnish government.
    • Its mandate is to support export-oriented economic activities and to promote the internationalisation of Finnish companies, notably in the SME sector.
    • Finnvera's liabilities are supported by an explicit state guarantee.
  • US Economic Comment

    US Economic Comment

    10 April 2026 375 KB PDF
    • March CPI: Energy-related surge in headline; report leaves Fed calculus little changed
    • Consumer sentiment: record low prompted by jump in near-term inflation expectations
  • Euro wrap-up

    Euro wrap-up

    2 April 2026 414 KB PDF
    • Bunds made losses as global wholesale energy prices jumped in response President Trump’s threats of further escalation in the Middle East conflict.
    • While the BoE DMP survey suggested that UK firms’ wage and price expectations remained well contained in March, Gilts underperformed.
  • US Data Review

    US Data Review

    1 April 2026 267 KB PDF
    • Retail sales: solid rebound after weather-related disruption in January
    • ISM manufacturing: indicating expansion for the third straight month; prices jump to a four-year high
  • US Data Review

    US Data Review

    31 March 2026 233 KB PDF
    • Consumer confidence: slight uptick influenced by improvement in views on current conditions; inflation expectations jump
  • Euro wrap-up

    Euro wrap-up

    31 March 2026 371 KB PDF
    • While euro area inflation jumped to a 14-month high in March and energy prices rose the most in four years, euro area govvies followed the global trend higher.
    • Gilts also made modest gains, while a survey suggested that UK shop prices were little changed in March.
  • Euro wrap-up

    Euro wrap-up

    30 March 2026 346 KB PDF
    • While German HICP inflation jumped to a 14-month high on fuel price pressures, Bunds made gains in line with the global trend.  
    • Gilts also made gains but underperformed as UK bank lending data firmed.
  • Euro wrap-up

    Euro wrap-up

    27 March 2026 360 KB PDF
    • Bunds made gains at the short end but losses at the long end of the curve, while the impact of the spike in wholesale energy prices was evident in Spanish inflation, which jumped to the highest since mid-2024.
    • Gilts were also mixed today as UK consumer confidence deteriorated in March, but retail sales were on track for solid growth in Q1 ahead of the war.