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Financial Markets Daily Report 06 October 2026 Financial markets started the week in a cautious tone. Tensions in euro area sovereign bond markets remained in focus, even though the French spread narrowed, as peripherals were flat. Sovereign curves steepened on both sides of the Atlantic as short-term references fell, while long-term ones rose. The euro weakened against its main peers. Currencies EUR/USD The dollar remained stable against the euro over the summer despite the conflict in Iran, higher oil prices and a more hawkish Fed, partly thanks to positive surprises on the other side of the Atlantic, including stronger-than-expected GDP growth despite the energy shock.… CaixaBank Research 29 September 2026 Consumption How do we shop? Scroll down & click! Consumption is one of the main drivers of the Spanish economy. In recent years, it has grown at a rate of around 3% in real terms. So far, few surprises. Where profound changes have occurred, however, is the way in which this consumption takes place, particularly for… Oriol Aspachs Eduard Alcobé Garcia 15 September 2026 Portugal outlook The Portuguese economy outperforms expectations in Q2 Portugal's GDP exceeds expectations in Q2, inflation accelerates in August, tourism grows moderately, and the external accounts record their worst result since 2022. CaixaBank Research 15 September 2026 United States of America The new US tariff landscape (2026 back-to-school edition) Few economic topics have experienced as many twists and turns in such a short time as the tariff saga of Trump 2.0. In just 18 months, analysts (not to mention firms involved in international trade) have experienced a true roller-coaster: the iconic Liberation Day; the… David Martínez Turégano 15 September 2026 World outlook The global economy holds firm, but challenges persist CaixaBank Research 15 September 2026 Financial markets outlook No summer lull for the markets CaixaBank Research 15 September 2026 Opinion The Spanish economy remains resilient, but it is ageing Oriol Aspachs 15 September 2026 Spain's outlook The Spanish economy holds firm amid the energy onslaught CaixaBank Research 14 September 2026 European Central Bank (ECB) The ECB’s path to a new normal CaixaBank Research 10 September 2026 Opinion We need to talk about interest rates José Ramón Díez 10 September 2026 Publications SpainSpain’s Macroeconomic & Financial Outlook10 September 2026 PortugalPortugal’s Macroeconomic & Financial Outlook10 September 2026 Monthly ReportJuly 2026 | No. 51315 July 2026 Sectorial ReportSectoral Observatory S1 2026 Sectorial ReportReal Estate. Increasing supply, the great challenge of the Spanish real estate market S1 2026 Sectorial ReportTourism. Spanish tourism sector: from post-pandemic rebound to sustainable growth S1 2026 Sectorial ReportAgrifood. The Spanish agrifood sector gains momentum 2025 Sectorial ReportManufacturing Industry 2023 Opinion Editorial The Spanish economy remains resilient, but it is ageing Oriol Aspachs Head of Spanish Economics Key points of the month We need to talk about interest rates José Ramón Díez Head of International Economics & Markets Recommended Portugal outlook The Portuguese economy outperforms expectations in Q2 CaixaBank Research 15 September 2026 Consumption How do we shop? Scroll down & click! Oriol Aspachs Eduard Alcobé Garcia 15 September 2026 United States of America The new US tariff landscape (2026 back-to-school edition) David Martínez Turégano 15 September 2026 World outlook The global economy holds firm, but challenges persist CaixaBank Research 15 September 2026 Financial markets outlook No summer lull for the markets CaixaBank Research 15 September 2026 Opinion The Spanish economy remains resilient, but it is ageing Oriol Aspachs 15 September 2026 Spain's outlook The Spanish economy holds firm amid the energy onslaught CaixaBank Research 14 September 2026 European Central Bank (ECB) The ECB’s path to a new normal CaixaBank Research 10 September 2026 Opinion We need to talk about interest rates José Ramón Díez 10 September 2026Most readHow do we shop? Scroll down & click!The Spanish economy remains resilient, but it is ageingWe need to talk about interest ratesSpain’s external sector drives the post-pandemic expansionThe ECB’s path to a new normal NewsletterBeing informed now ismore important than everGet our latest updates Sign in Hot topics Real-Time Economics Inflationary pressures Podcasts Cuando suben los tipos: qué hay detrás de las últimas decisiones de los bancos centrales 28/09/2026 Forecasts Financial markets Interest rate (%)Update date 07-09-20262024202520262027 Fed Funds 4.25 3.50 3.50 3.00 ECB Refi 3.24 2.15 2.40 2.15 Macroeconomic GDP (%)Update date 07-09-20262024202520262027 Euro area GDP 1.0 1.3 0.5 1.3 Spain GDP 3.5 2.8 2.4 2.0 US GDP 2.8 2.1 2.3 2.0 Team Isabela Lara WhiteEconomist Enric FernándezChief Economist José Ramón DíezHead of International Economics & Markets Roser FerrerSenior economist Ana Rincón GarcíaOrganization Pedro Álvarez OndinaEconomist Josep Mestres DomènechLead economist Meet us Beatriz Villafranca SerranoEconomist Mar Bisquert PerlesData scientist Oriol AspachsHead of Spanish Economics Judit Montoriol GarrigaLead economist Maitane LizarragaAnalyst Javier García ArenasSenior economist Imelda EstebanSenior economist Meet us Sandra Jódar RosellDirector of Strategic Planning María Romero MeléndezEconomista Ariadna Vidal MartínezLead economist José Antonio Sánchez PalominoData scientist Léopold JouvenEconomist Luís Pinheiro de MatosEconomist Patricia EstebanCommunication Meet us Marina Tombas SuñéData Scientist David Martínez TuréganoSenior economist Ana María PorrasOrganization David del ValSenior economist Sergio DíazEconomist Nuria BustamanteLead economist Carolina CruzOrganization Meet us Jesús ViscarriOrganization Alberto GrazianoSenior Data Scientist Javier Ibáñez de Aldecoa FusterEconomist Adrià Morron SalmeronLead economist Rita Sánchez SolivaEconomist Mireia CrusellsAnalyst Oriol Carreras BaquerSenior economist Meet us Aleix Cuevas Bullich Eduard Alcobé GarciaData scientist Zoel Martín VilatóEconomist Meet usPrint
Currencies EUR/USD The dollar remained stable against the euro over the summer despite the conflict in Iran, higher oil prices and a more hawkish Fed, partly thanks to positive surprises on the other side of the Atlantic, including stronger-than-expected GDP growth despite the energy shock.… CaixaBank Research 29 September 2026
Consumption How do we shop? Scroll down & click! Consumption is one of the main drivers of the Spanish economy. In recent years, it has grown at a rate of around 3% in real terms. So far, few surprises. Where profound changes have occurred, however, is the way in which this consumption takes place, particularly for… Oriol Aspachs Eduard Alcobé Garcia 15 September 2026
Portugal outlook The Portuguese economy outperforms expectations in Q2 Portugal's GDP exceeds expectations in Q2, inflation accelerates in August, tourism grows moderately, and the external accounts record their worst result since 2022. CaixaBank Research 15 September 2026
United States of America The new US tariff landscape (2026 back-to-school edition) Few economic topics have experienced as many twists and turns in such a short time as the tariff saga of Trump 2.0. In just 18 months, analysts (not to mention firms involved in international trade) have experienced a true roller-coaster: the iconic Liberation Day; the… David Martínez Turégano 15 September 2026
World outlook The global economy holds firm, but challenges persist CaixaBank Research 15 September 2026
Spain's outlook The Spanish economy holds firm amid the energy onslaught CaixaBank Research 14 September 2026
Sectorial ReportReal Estate. Increasing supply, the great challenge of the Spanish real estate market S1 2026
Sectorial ReportTourism. Spanish tourism sector: from post-pandemic rebound to sustainable growth S1 2026
Portugal outlook The Portuguese economy outperforms expectations in Q2 CaixaBank Research 15 September 2026
Consumption How do we shop? Scroll down & click! Oriol Aspachs Eduard Alcobé Garcia 15 September 2026
United States of America The new US tariff landscape (2026 back-to-school edition) David Martínez Turégano 15 September 2026
World outlook The global economy holds firm, but challenges persist CaixaBank Research 15 September 2026
Spain's outlook The Spanish economy holds firm amid the energy onslaught CaixaBank Research 14 September 2026