The financial conditions behind the economic scenario in 2026 Financial markets CaixaBank Research Fri, 06/12/2026 - 12:19
Cross-section of business investment in Spain: more intangibles and an increasingly mixed pattern Sergio Díaz Fri, 06/12/2026 - 09:33
Financial Markets Daily Report 12 June 2026 Yesterday's session was marked by late optimism after President Trump called off the US-planned strikes on Iran, after reportedly having advanced negotiations with Tehran. Brent crude prices dropped nearly 3%, to settle just above $90/bbl, while gold rebounded more than 3%, being priced above $4200/ounce at session-ending. Financial markets The financial conditions behind the economic scenario in 2026 The conflict in the Middle East has caused the financial environment to take a step backwards. Although it has not experienced significant tightening overall, it is less favorable to the performance of economic activity in the coming quarters. The risks are high, and… CaixaBank Research 12 June 2026 Portugal outlook Investment and private consumption continue to support Portuguese activity GDP stagnated in Q1 2026 in quarter-on-quarter terms, while it recorded a 2.3% growth rate year-on-year. This performance is due to the improvement in the contribution from domestic demand and a more negative contribution from external demand. CaixaBank Research 12 June 2026 Spain Macroeconomic outlook for Spain in 2026: resilience in uncertain times The macroeconomic landscape is once again constrained by a geopolitical conflict. The crisis between the US and Iran, which began over three months ago, remains under a fragile truce. However, the Strait of Hormuz remains closed, which is currently the most damaging… Oriol Carreras Baquer 11 June 2026 Activity & growth Spain: key drivers of regional growth in 2026 The new GDP growth forecast by autonomous community for 2026 presents a mixed picture: the regions of the Mediterranean arc and the archipelagos will experience stronger growth, while the Cantabrian coast and much of the interior will record more modest rates. Nuria Bustamante 11 June 2026 Public accounts The public accounts under scrutiny: the deficit reduction this year will be limited and significant medium-term challenges emerge Javier García Arenas 11 June 2026 Activity & growth International economic outlook Rita Sánchez Soliva 11 June 2026 Spain Castile and León 10 June 2026 Spain Cantabria 10 June 2026 Currencies EUR/USD CaixaBank Research 28 May 2026 Artificial intelligence (AI) AI adoption in Spanish firms is advancing rapidly but remains limited and uneven Javier García Arenas Pedro Álvarez Ondina 18 May 2026 Publications Sectorial ReportSectoral Observatory S1 2026 Monthly ReportNo. 511| The present and futures of the new AIconomy May 2026 SpainSpain’s Macroeconomic & Financial Outlook11 June 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 PortugalPortugal’s Macroeconomic & Financial Outlook13 February 2026 Sectorial ReportAgrifood. The Spanish agrifood sector gains momentum 2025 Sectorial ReportManufacturing Industry 2023 Opinion Editorial Economy and markets between two tides: geopolitics and artificial intelligence José Ramón Díez Head of International Economics & Markets Key points of the month Hormuz: time is against us Oriol Aspachs Head of Spanish Economics Recommended Financial markets The financial conditions behind the economic scenario in 2026 CaixaBank Research 12 June 2026 Portugal outlook Investment and private consumption continue to support Portuguese activity CaixaBank Research 12 June 2026 Sectoral Observatory Cross-section of business investment in Spain: more intangibles and an increasingly mixed pattern Sergio Díaz 12 June 2026 Download File Sectoral Observatory Entrepreneurial drive in Spain: evolution, sectors and challenges Nuria Bustamante Pedro Álvarez Ondina 12 June 2026 Download File Sectoral Observatory Strategic dependencies and geopolitical exposure of Spain's foreign sector Catalina Becu 12 June 2026 Download File Sectoral Observatory The energy shock amplifies sectoral differences Pedro Álvarez Ondina 12 June 2026 Download File Sectoral Observatory Executive summary. Between domestic strength and the global energy shock Nuria Bustamante 11 June 2026 Download File Sectoral Observatory Infography. Outlook for 2026-2027 CaixaBank Research 11 June 2026 Download File Spain Macroeconomic outlook for Spain in 2026: resilience in uncertain times Oriol Carreras Baquer 11 June 2026Most readStock market fear gives way to market optimism fuelled by the FedMacroeconomic outlook for Spain in 2026: resilience in uncertain timesInternational economic outlookThe financial conditions behind the economic scenario in 2026Shadows (and some light) in Europe’s industrial decline NewsletterBeing informed now ismore important than everGet our latest updates Sign in Hot topics Reactivation or deceleration? Climate change & green transition Podcasts La economía de la IA: de la carrera global a la productividad 22/05/2026 Forecasts Financial markets Interest rate (%)Update date 09-06-20262024202520262027 Fed Funds 4.25 3.50 3.50 3.00 ECB Refi 3.24 2.15 2.65 2.15 Macroeconomic GDP (%)Update date 09-06-20262024202520262027 Euro area GDP 0.9 1.5 0.7 1.2 Spain GDP 3.5 2.8 2.1 1.8 US GDP 2.8 2.1 2.1 2.1 Team Sandra Jódar RosellDirector of Strategic Planning Alberto GrazianoSenior Data Scientist David del ValSenior economist Marina Tombas SuñéData Scientist Nuria BustamanteLead economist Jesús ViscarriOrganization Mar Bisquert PerlesData scientist Meet us Ana María PorrasOrganization Roser FerrerSenior economist Javier Ibáñez de Aldecoa FusterEconomist Catalina BecuResearch assistant Maitane LizarragaAnalyst David Martínez TuréganoSenior economist Judit Montoriol GarrigaLead economist Meet us Enric FernándezChief Economist Ariadna Vidal MartínezLead economist María Romero MeléndezEconomista Luís Pinheiro de MatosEconomist Jesús Manuel Carrera MorenoResearch assistant Mireia CrusellsAnalyst José Ramón DíezHead of International Economics & Markets Meet us José Antonio Sánchez PalominoData scientist Josep Mestres DomènechLead economist Zoel Martín VilatóEconomist David Cesar HeymannEconomist Rita Sánchez SolivaEconomist Sergio DíazEconomist Pedro Álvarez OndinaEconomist Meet us Javier García ArenasSenior economist Adrià Morron SalmeronLead economist Eduard Alcobé GarciaData scientist Patricia EstebanCommunication Beatriz Villafranca SerranoEconomist Léopold JouvenEconomist Ana Rincón GarcíaOrganization Meet us Isabela Lara WhiteEconomist Carolina CruzOrganization Oriol Carreras BaquerSenior economist Oriol AspachsHead of Spanish Economics Imelda EstebanSenior economist Meet usPrint
Financial markets The financial conditions behind the economic scenario in 2026 The conflict in the Middle East has caused the financial environment to take a step backwards. Although it has not experienced significant tightening overall, it is less favorable to the performance of economic activity in the coming quarters. The risks are high, and… CaixaBank Research 12 June 2026
Portugal outlook Investment and private consumption continue to support Portuguese activity GDP stagnated in Q1 2026 in quarter-on-quarter terms, while it recorded a 2.3% growth rate year-on-year. This performance is due to the improvement in the contribution from domestic demand and a more negative contribution from external demand. CaixaBank Research 12 June 2026
Spain Macroeconomic outlook for Spain in 2026: resilience in uncertain times The macroeconomic landscape is once again constrained by a geopolitical conflict. The crisis between the US and Iran, which began over three months ago, remains under a fragile truce. However, the Strait of Hormuz remains closed, which is currently the most damaging… Oriol Carreras Baquer 11 June 2026
Activity & growth Spain: key drivers of regional growth in 2026 The new GDP growth forecast by autonomous community for 2026 presents a mixed picture: the regions of the Mediterranean arc and the archipelagos will experience stronger growth, while the Cantabrian coast and much of the interior will record more modest rates. Nuria Bustamante 11 June 2026
Public accounts The public accounts under scrutiny: the deficit reduction this year will be limited and significant medium-term challenges emerge Javier García Arenas 11 June 2026
Artificial intelligence (AI) AI adoption in Spanish firms is advancing rapidly but remains limited and uneven Javier García Arenas Pedro Álvarez Ondina 18 May 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
Economy and markets between two tides: geopolitics and artificial intelligence José Ramón Díez Head of International Economics & Markets
Financial markets The financial conditions behind the economic scenario in 2026 CaixaBank Research 12 June 2026
Portugal outlook Investment and private consumption continue to support Portuguese activity CaixaBank Research 12 June 2026
Sectoral Observatory Cross-section of business investment in Spain: more intangibles and an increasingly mixed pattern Sergio Díaz 12 June 2026 Download File
Sectoral Observatory Entrepreneurial drive in Spain: evolution, sectors and challenges Nuria Bustamante Pedro Álvarez Ondina 12 June 2026 Download File
Sectoral Observatory Strategic dependencies and geopolitical exposure of Spain's foreign sector Catalina Becu 12 June 2026 Download File
Sectoral Observatory The energy shock amplifies sectoral differences Pedro Álvarez Ondina 12 June 2026 Download File
Sectoral Observatory Executive summary. Between domestic strength and the global energy shock Nuria Bustamante 11 June 2026 Download File
Spain Macroeconomic outlook for Spain in 2026: resilience in uncertain times Oriol Carreras Baquer 11 June 2026