CaixaBank Financial Markets Daily Report 04 September 2026 Thursday's session shifted toward a risk-on tone, supported by dovish remarks from Fed Governor Christopher Waller, who signaled openness to holding rates steady. Markets pared bets on a September Fed rate hike (to 50%), lifting equities and bonds on both sides of the Atlantic while weighing on the dollar. International Republic of South Africa Economic growth picked up moderately in 2025, to 1.1%, favoured by improved electricity supplies, the recovery of private consumption and increased confidence following the formation of the National Unity Government in 2024. 02 September 2026 International Arab Republic of Egypt The policies implemented since 2024 within the framework of the IMF’s Extended Fund Facility (EFF) have contributed to macroeconomic stabilisation, thanks to greater exchange rate flexibility, monetary and fiscal tightening, and the recovery of foreign currency inflows. … 02 September 2026 Climate change Climate change and international tourist loyalty: new evidence for Spain We analyse how tourists react to episodes of extreme heat in order to anticipate risks and opportunities for the tourism sector in the face of climate change, using anonymised internal data from foreign card payments on CaixaBank POS terminals. David Cesar Heymann Eduard Alcobé Garcia 15 July 2026 Financial markets outlook The reopening of Hormuz supports markets despite monetary tightening The provisional agreement between the US and Iran reached mid-month, which extended the military truce and allowed the gradual reopening of the Strait of Hormuz, triggered one of the sharpest drops in oil prices in recent years. This led to a significant decline in… CaixaBank Research 15 July 2026 Opinion The Spanish economy after Hormuz Oriol Aspachs 15 July 2026 World outlook The US-Iran agreement alleviates adverse scenarios for the international economy CaixaBank Research 14 July 2026 Tourism From the weekday set menu to Saturday night: weekly consumption patterns in Spanish restaurants Pedro Álvarez Ondina Eduard Alcobé Garcia 14 July 2026 Investment Europe needs to channel its high savings into productive investments Rita Sánchez Soliva 14 July 2026 Inflation European inflation: taking stock of the Middle East shock CaixaBank Research 14 July 2026 Employment The trajectory of employment growth in Spain Zoel Martín Vilató 14 July 2026 Publications Monthly Report July 2026 | No. 513 15 July 2026 Sectorial Report Sectoral Observatory S1 2026 Spain Spain’s Macroeconomic & Financial Outlook 10 July 2026 Sectorial Report Real Estate. Increasing supply, the great challenge of the Spanish real estate market S1 2026 Sectorial Report Tourism. Spanish tourism sector: from post-pandemic rebound to sustainable growth S1 2026 Portugal Portugal’s Macroeconomic & Financial Outlook 13 February 2026 Sectorial Report Agrifood. The Spanish agrifood sector gains momentum 2025 Sectorial Report Manufacturing Industry 2023 Opinion Editorial The global economy in search of a new balance José Ramón Díez Head of International Economics & Markets Key points of the month The Spanish economy after Hormuz Oriol Aspachs Head of Spanish Economics Recommended Climate change Climate change and international tourist loyalty: new evidence for Spain David Cesar Heymann Eduard Alcobé Garcia 15 July 2026 Financial markets outlook The reopening of Hormuz supports markets despite monetary tightening CaixaBank Research 15 July 2026 Opinion The Spanish economy after Hormuz Oriol Aspachs 15 July 2026 Spain's outlook The Spanish economy at a crossroads: slowdown or recovery? CaixaBank Research 14 July 2026 World outlook The US-Iran agreement alleviates adverse scenarios for the international economy CaixaBank Research 14 July 2026 Tourism From the weekday set menu to Saturday night: weekly consumption patterns in Spanish restaurants Pedro Álvarez Ondina Eduard Alcobé Garcia 14 July 2026 Investment Europe needs to channel its high savings into productive investments Rita Sánchez Soliva 14 July 2026 Inflation European inflation: taking stock of the Middle East shock CaixaBank Research 14 July 2026 Employment The trajectory of employment growth in Spain Zoel Martín Vilató 14 July 2026 Most read Climate change and international tourist loyalty: new evidence for Spain The Spanish economy after Hormuz The global economy in search of a new balance 2024 Treasury: the increased participation of domestic and non-resident investors will absorb the greater funding needs International economy: on the rise Newsletter Being informed now is more important than ever Get our latest updates Sign in Hot topics Macrofinance Fundamentals of growth in Spain Podcasts Despacito y buena letra: los grandes temas del curso económico 23/07/2026 Forecasts Financial markets Update date 08-07-2026 2024 2025 2026 2027 Fed Funds 4.25 3.50 3.50 3.00 ECB Refi 3.24 2.15 2.65 2.15 Macroeconomic Update date 08-07-2026 2024 2025 2026 2027 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 Mar Bisquert Perles Data scientist Patricia Esteban Communication Carolina Cruz Organization Ariadna Vidal Martínez Lead economist José Antonio Sánchez Palomino Data scientist Jesús Viscarri Organization Sandra Jódar Rosell Director of Strategic Planning Meet us Pedro Álvarez Ondina Economist Oriol Carreras Baquer Senior economist Alberto Graziano Senior Data Scientist Nuria Bustamante Lead economist Javier Ibáñez de Aldecoa Fuster Economist Marina Tombas Suñé Data Scientist Ana Rincón García Organization Meet us David Martínez Turégano Senior economist Adrià Morron Salmeron Lead economist Eduard Alcobé Garcia Data scientist Maitane Lizarraga Analyst Ana María Porras Organization Imelda Esteban Senior economist Rita Sánchez Soliva Economist Meet us Judit Montoriol Garriga Lead economist Mireia Crusells Analyst Isabela Lara White Economist Enric Fernández Chief Economist David Cesar Heymann Economist Sergio Díaz Economist Josep Mestres Domènech Lead economist Meet us Zoel Martín Vilató Economist Beatriz Villafranca Serrano Economist Léopold Jouven Economist José Ramón Díez Head of International Economics & Markets David del Val Senior economist María Romero Meléndez Economista Roser Ferrer Senior economist Meet us Oriol Aspachs Head of Spanish Economics Luís Pinheiro de Matos Economist Javier García Arenas Senior economist Meet us
International Republic of South Africa Economic growth picked up moderately in 2025, to 1.1%, favoured by improved electricity supplies, the recovery of private consumption and increased confidence following the formation of the National Unity Government in 2024. 02 September 2026
International Arab Republic of Egypt The policies implemented since 2024 within the framework of the IMF’s Extended Fund Facility (EFF) have contributed to macroeconomic stabilisation, thanks to greater exchange rate flexibility, monetary and fiscal tightening, and the recovery of foreign currency inflows. … 02 September 2026
Climate change Climate change and international tourist loyalty: new evidence for Spain We analyse how tourists react to episodes of extreme heat in order to anticipate risks and opportunities for the tourism sector in the face of climate change, using anonymised internal data from foreign card payments on CaixaBank POS terminals. David Cesar Heymann Eduard Alcobé Garcia 15 July 2026
Financial markets outlook The reopening of Hormuz supports markets despite monetary tightening The provisional agreement between the US and Iran reached mid-month, which extended the military truce and allowed the gradual reopening of the Strait of Hormuz, triggered one of the sharpest drops in oil prices in recent years. This led to a significant decline in… CaixaBank Research 15 July 2026
World outlook The US-Iran agreement alleviates adverse scenarios for the international economy CaixaBank Research 14 July 2026
Tourism From the weekday set menu to Saturday night: weekly consumption patterns in Spanish restaurants Pedro Álvarez Ondina Eduard Alcobé Garcia 14 July 2026
Investment Europe needs to channel its high savings into productive investments Rita Sánchez Soliva 14 July 2026
Sectorial Report Real Estate. Increasing supply, the great challenge of the Spanish real estate market S1 2026
Sectorial Report Tourism. Spanish tourism sector: from post-pandemic rebound to sustainable growth S1 2026
The global economy in search of a new balance José Ramón Díez Head of International Economics & Markets
Climate change Climate change and international tourist loyalty: new evidence for Spain David Cesar Heymann Eduard Alcobé Garcia 15 July 2026
Financial markets outlook The reopening of Hormuz supports markets despite monetary tightening CaixaBank Research 15 July 2026
Spain's outlook The Spanish economy at a crossroads: slowdown or recovery? CaixaBank Research 14 July 2026
World outlook The US-Iran agreement alleviates adverse scenarios for the international economy CaixaBank Research 14 July 2026
Tourism From the weekday set menu to Saturday night: weekly consumption patterns in Spanish restaurants Pedro Álvarez Ondina Eduard Alcobé Garcia 14 July 2026
Investment Europe needs to channel its high savings into productive investments Rita Sánchez Soliva 14 July 2026