CaixaBank Financial Markets Daily Report 02 October 2026 Thursday's session carried a sharply divergent tone between the two sides of the Atlantic. France's risk premium reached 140 bps as investors intensified their fiscal concerns and continued to lead a widening in sovereign spreads, with yields on German Bunds dropping amid safe-haven flows. European stocks fell markedly, with France leading losses. 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 Spain Spain’s Macroeconomic & Financial Outlook 10 September 2026 Portugal Portugal’s Macroeconomic & Financial Outlook 10 September 2026 Monthly Report July 2026 | No. 513 15 July 2026 Sectorial Report Sectoral Observatory S1 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 Sectorial Report Agrifood. The Spanish agrifood sector gains momentum 2025 Sectorial Report Manufacturing 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 2026 Most read Ireland, the country that skews Europe’s statistics How do we shop? Scroll down & click! The Spanish economy remains resilient, but it is ageing Spain’s external sector drives the post-pandemic expansion We need to talk about interest rates Newsletter Being informed now is more important than ever Get our latest updates Sign in Hot topics Macrofinance Digitalisation & Technology Podcasts Cuando suben los tipos: qué hay detrás de las últimas decisiones de los bancos centrales 28/09/2026 Forecasts Financial markets Update date 07-09-2026 2024 2025 2026 2027 Fed Funds 4.25 3.50 3.50 3.00 ECB Refi 3.24 2.15 2.40 2.15 Macroeconomic Update date 07-09-2026 2024 2025 2026 2027 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 Mireia Crusells Analyst Rita Sánchez Soliva Economist María Romero Meléndez Economista Imelda Esteban Senior economist Pedro Álvarez Ondina Economist Carolina Cruz Organization Maitane Lizarraga Analyst Meet us Jesús Viscarri Organization Aleix Cuevas Bullich Ariadna Vidal Martínez Lead economist Oriol Carreras Baquer Senior economist Roser Ferrer Senior economist Sandra Jódar Rosell Director of Strategic Planning Josep Mestres Domènech Lead economist Meet us Javier Ibáñez de Aldecoa Fuster Economist Enric Fernández Chief Economist Zoel Martín Vilató Economist Mar Bisquert Perles Data scientist Ana Rincón García Organization Léopold Jouven Economist Beatriz Villafranca Serrano Economist Meet us José Antonio Sánchez Palomino Data scientist Adrià Morron Salmeron Lead economist José Ramón Díez Head of International Economics & Markets Oriol Aspachs Head of Spanish Economics Judit Montoriol Garriga Lead economist Ana María Porras Organization Marina Tombas Suñé Data Scientist Meet us David Martínez Turégano Senior economist David del Val Senior economist Luís Pinheiro de Matos Economist Javier García Arenas Senior economist Eduard Alcobé Garcia Data scientist Isabela Lara White Economist Nuria Bustamante Lead economist Meet us Patricia Esteban Communication Sergio Díaz Economist Alberto Graziano Senior Data Scientist Meet us
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 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 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