El entorno macrofinanciero detrás del escenario económico Mercados financieros CaixaBank Research Mar, 10/03/2026 - 17:58
Qué esperar de la economía internacional en 2026 Economía internacional Rita Sánchez Soliva Mar, 10/03/2026 - 17:59
Financial Markets Daily Report 13 March 2026 Yesterday's session showed a risk-off tone amid escalating tensions in the Middle East. Brent crude prices hit $100/barrel after Mojtaba Khamenei, Iran's new supreme leader, vowed to keep the Strait of Ormuz and after Iran reportedly attacked oil tankers and other energy facilities. World outlook The international economy once again follows developments in the US Geopolitical events have once again taken centre stage, almost relegating to the background the assessment of the economic indicators published over the past month. The US attack on Iran has caused a spike in geopolitical instability and economic uncertainty, opening up a… CaixaBank Research 13 March 2026 Opinion Geopolitics and tariffs: a new twist for economic resilience After a January filled with a range of emotions (Venezuela, Greenland, etc.), the first quarter of the year will close with new changes in the tariff landscape, following the US Supreme Court’s decision to invalidate the legal path used by the Trump administration to… José Ramón Díez 12 March 2026 Foreign sector Spain’s foreign sector performed better than expected in 2025 Despite the challenging international context of 2025, which foreshadowed a significant deterioration in Spain’s current account balance after showing uninterrupted surpluses since 2012, the balance has ended up being better than expected, thanks to favourable factors… Sergio Díaz 12 March 2026 Recent developments 10 questions on the US Supreme Court’s tariff ruling David Martínez Turégano 12 March 2026 International China 12 March 2026 Spain's outlook The Spanish economy faces 2026 with optimism CaixaBank Research 13 February 2026 Opinion Dynamic, balanced and sustainable growth Oriol Aspachs 13 February 2026 World outlook Global stability: superficial mirage or structural strength? CaixaBank Research 13 February 2026 Opinion Reality or fiction? The answer lies in the data José Ramón Díez 12 February 2026 Stock markets Innovation, expectations and vertigo: is AI-driven concentration reshaping Wall Street? David del Val 12 February 2026 Publications Monthly ReportFebruary 2026 | No. 50810 February 2026 Sectorial ReportTourism. Spanish tourism sector: from post-pandemic rebound to sustainable growth S1 2026 SpainSpain’s Macroeconomic & Financial Outlook11 March 2026 PortugalPortugal’s Macroeconomic & Financial Outlook13 February 2026 Sectorial ReportAgrifood. The Spanish agrifood sector gains momentum 2025 Sectorial ReportReal Estate. The Spanish real estate sector is in full expansionary phase S2 2025 Sectorial ReportSectoral Observatory S1 2025 Sectorial ReportManufacturing Industry 2023 Opinion Editorial Geopolitics and tariffs: a new twist for economic resilience José Ramón Díez Head of International Economics & Markets Key points of the month Reality or fiction? The answer lies in the data José Ramón Díez Head of International Economics & Markets Recommended Foreign sector Spanish exports amid challenges to their competitiveness Catalina Becu 13 March 2026 World outlook The international economy once again follows developments in the US CaixaBank Research 13 March 2026 Financial markets outlook Financial markets, to the rhythm of geopolitics and AI CaixaBank Research 13 March 2026 Foreign sector Spain’s foreign sector performed better than expected in 2025 Sergio Díaz 12 March 2026 Recent developments 10 questions on the US Supreme Court’s tariff ruling David Martínez Turégano 12 March 2026 Opinion Geopolitics and tariffs: a new twist for economic resilience José Ramón Díez 12 March 2026 Spain's outlook The Spanish economy faces 2026 with optimism CaixaBank Research 13 February 2026 Opinion Dynamic, balanced and sustainable growth Oriol Aspachs 13 February 2026 World outlook Global stability: superficial mirage or structural strength? CaixaBank Research 13 February 2026Most read10 questions on the US Supreme Court’s tariff rulingGeopolitics and tariffs: a new twist for economic resilienceTreasury funding needs in 2026: high but manageable thanks to strong demandSpain’s Macroeconomic & Financial OutlookThere are reasons why housing has become the top concern among European citizens NewsletterBeing informed now ismore important than everGet our latest updates Sign in Hot topics Macrofinance Digitalisation & Technology Podcasts De la macro a la micro: los datos de alta frecuencia al servicio de la economía 24/02/2026 Forecasts Financial markets Interest rate (%)Update date 10-03-20262024202520262027 Fed Funds 4.25 3.50 3.00 3.00 ECB Refi 3.24 2.15 2.15 2.15 Macroeconomic GDP (%)Update date 10-03-20262024202520262027 Euro area GDP 0.8 1.5 1.3 1.5 Spain GDP 3.5 2.8 2.4 2.0 US GDP 2.8 2.2 2.6 2.0 Team David del ValSenior economist Judit Montoriol GarrigaLead economist Luís Pinheiro de MatosEconomist Pedro Álvarez OndinaEconomist Alberto GrazianoSenior Data Scientist Ana María PorrasOrganization Jesús Manuel Carrera MorenoResearch assistant Meet us Léopold JouvenEconomist Mireia CrusellsAnalyst Roser FerrerSenior economist Josep Mestres DomènechLead economist José Ramón DíezHead of International Economics & Markets Zoel Martín VilatóEconomist José Antonio Sánchez PalominoData scientist Meet us Isabela Lara WhiteEconomist Catalina BecuResearch assistant Javier Ibáñez de Aldecoa FusterEconomist Ana Rincón GarcíaOrganization Rita Sánchez SolivaEconomist Maitane LizarragaAnalyst Ariadna Vidal MartínezLead economist Meet us David Martínez TuréganoSenior economist Eduard Alcobé GarciaData scientist Enric FernándezChief Economist Adrià Morron SalmeronLead economist Sergio DíazEconomist María Romero MeléndezEconomista David Cesar HeymannEconomist Meet us Carolina CruzOrganization Marina Tombas SuñéData Scientist Sandra Jódar RosellDirector of Strategic Planning Imelda EstebanSenior economist Jesús ViscarriOrganization Beatriz Villafranca SerranoEconomist Patricia EstebanCommunication Meet us Mar Bisquert PerlesData scientist Nuria BustamanteLead economist Oriol AspachsHead of Spanish Economics Javier García ArenasSenior economist Oriol Carreras BaquerSenior economist Meet usPrint
World outlook The international economy once again follows developments in the US Geopolitical events have once again taken centre stage, almost relegating to the background the assessment of the economic indicators published over the past month. The US attack on Iran has caused a spike in geopolitical instability and economic uncertainty, opening up a… CaixaBank Research 13 March 2026
Opinion Geopolitics and tariffs: a new twist for economic resilience After a January filled with a range of emotions (Venezuela, Greenland, etc.), the first quarter of the year will close with new changes in the tariff landscape, following the US Supreme Court’s decision to invalidate the legal path used by the Trump administration to… José Ramón Díez 12 March 2026
Foreign sector Spain’s foreign sector performed better than expected in 2025 Despite the challenging international context of 2025, which foreshadowed a significant deterioration in Spain’s current account balance after showing uninterrupted surpluses since 2012, the balance has ended up being better than expected, thanks to favourable factors… Sergio Díaz 12 March 2026
Recent developments 10 questions on the US Supreme Court’s tariff ruling David Martínez Turégano 12 March 2026
World outlook Global stability: superficial mirage or structural strength? CaixaBank Research 13 February 2026
Stock markets Innovation, expectations and vertigo: is AI-driven concentration reshaping Wall Street? David del Val 12 February 2026
Sectorial ReportTourism. Spanish tourism sector: from post-pandemic rebound to sustainable growth S1 2026
Geopolitics and tariffs: a new twist for economic resilience José Ramón Díez Head of International Economics & Markets
Reality or fiction? The answer lies in the data José Ramón Díez Head of International Economics & Markets
World outlook The international economy once again follows developments in the US CaixaBank Research 13 March 2026
Financial markets outlook Financial markets, to the rhythm of geopolitics and AI CaixaBank Research 13 March 2026
Foreign sector Spain’s foreign sector performed better than expected in 2025 Sergio Díaz 12 March 2026
Recent developments 10 questions on the US Supreme Court’s tariff ruling David Martínez Turégano 12 March 2026
World outlook Global stability: superficial mirage or structural strength? CaixaBank Research 13 February 2026