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

    17 April 2026 400 KB PDF
    • Euro govvies rallied, global oil prices fell and equities rose after an Iranian official announced that the Strait of Hormuz was ‘completely open’ during the ceasefire in Lebanon.
    • Gilts also followed the global trend higher on a quiet day for UK economic news.
  • US Data Review

    US Data Review

    16 April 2026 206 KB PDF
    • Industrial production: broad-based decline across major components
  • Euro wrap-up

    Euro wrap-up

    16 April 2026 354 KB PDF
    • While euro area headline inflation was revised higher in March on the strongest energy inflation for more than three years, Bunds made modest gains as core inflation edged lower.
    • Gilts made losses after UK GDP surprised significantly to the upside in February.
  • Euro wrap-up

    Euro wrap-up

    15 April 2026 286 KB PDF
    • Bunds were little changed, while euro area industrial production data confirmed that manufacturing was tracking well below its Q4 level even before the outbreak of war in the Middle East.  
    • Longer-dated Gilts followed USTs slightly lower on a quiet day for UK economic data.
  • Euro wrap-up

    Euro wrap-up

    14 April 2026 333 KB PDF
    • While Spanish inflation in March was revised higher as energy prices rose the most in four years, euro area govvies followed the global trend higher.
    • Gilts also made gains, while a UK retail survey suggested that sales in March were firm, albeit flattered by the timing of Easter.
  • 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 Data Review

    US Data Review

    13 April 2026 215 KB PDF
    • Existing home sales: activity slows to a nine-month low
  • 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