CaixaBank Financial Markets Daily Report 29 May 2026 Financial markets posted a mixed performance on Thursday, with moves closely tied to shifting headlines on US‑Iran ceasefire talks. While European markets closed under a cautious tone, US assets benefited from late‑session reports pointing to a draft agreement between the US and Iran to extend the ceasefire. Currencies EUR/USD EUR/USD has traded largely sideways since mid‑2025, hovering around 1.17, after a year of elevated volatility. The currency pair appears to have stabilised between its long‑term historical averages, around 1.12 (10‑year average) and 1.22 dollars per euro (20‑year… CaixaBank Research 28 May 2026 Artificial intelligence (AI) AI adoption in Spanish firms is advancing rapidly but remains limited and uneven The adoption of artificial intelligence (AI) in Spanish firms has accelerated in recent years, but the process has been uneven and remains incomplete. This article analyses the extent of AI penetration considering four key dimensions: company size, sectoral differences,… Javier García Arenas Pedro Álvarez Ondina 18 May 2026 Tourism What do high-frequency data tell us about international tourism in Spain after the outbreak of the war in Iran? International tourism spending accelerated slightly in March 2026, driven by the redirection towards Spain of tourist flows from the main European source countries. This upturn offset the decline in tourism from East Asia, which, although intense, represents only a small… David Cesar Heymann 18 May 2026 Spain's outlook The Spanish economy remains resilient in an uncertain environment The latest indicators depict an economy that remains resilient amid the entrenchment of the conflict in the Persian Gulf. Among the various channels through which this conflict can affect the economy, the most visible impact so far is in inflation, through the rise in… CaixaBank Research 18 May 2026 European Union Shadows (and some light) in Europe’s industrial decline David Martínez Turégano 18 May 2026 Financial markets What markets tell us about macroeconomics Isabela Lara White Jesús Manuel Carrera Moreno 18 May 2026 Artificial intelligence (AI) The AI buzz in financial markets CaixaBank Research 14 May 2026 Artificial intelligence (AI) Productivity and employment in the face of generative AI: what do we know? Oriol Carreras Baquer 14 May 2026 Portugal outlook Portugal: the effects of the conflict begin to show through CaixaBank Research 14 May 2026 Financial markets outlook Financial markets: a disconnect between risk and energy? CaixaBank Research 14 May 2026 Publications Monthly Report No. 511| The present and futures of the new AIconomy May 2026 Spain Spain’s Macroeconomic & Financial Outlook 12 May 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 Sectoral Observatory S1 2025 Sectorial Report Manufacturing 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 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 Tourism What do high-frequency data tell us about international tourism in Spain after the outbreak of the war in Iran? David Cesar Heymann 18 May 2026 Spain's outlook The Spanish economy remains resilient in an uncertain environment CaixaBank Research 18 May 2026 European Union Shadows (and some light) in Europe’s industrial decline David Martínez Turégano 18 May 2026 Financial markets What markets tell us about macroeconomics Isabela Lara White Jesús Manuel Carrera Moreno 18 May 2026 Artificial intelligence (AI) The AI buzz in financial markets CaixaBank Research 14 May 2026 Artificial intelligence (AI) Productivity and employment in the face of generative AI: what do we know? Oriol Carreras Baquer 14 May 2026 Portugal outlook Portugal: the effects of the conflict begin to show through CaixaBank Research 14 May 2026 Financial markets outlook Financial markets: a disconnect between risk and energy? CaixaBank Research 14 May 2026 Most read Shadows (and some light) in Europe’s industrial decline ‘Quo vadis’ Europe? What do high-frequency data tell us about international tourism in Spain after the outbreak of the war in Iran? What markets tell us about macroeconomics Productivity and employment in the face of generative AI: what do we know? Newsletter Being informed now is more important than ever Get our latest updates Sign in Hot topics Real-Time Economics Fundamentals of growth in Spain Podcasts La economía de la IA: de la carrera global a la productividad 22/05/2026 Forecasts Financial markets Update date 11-05-2026 2024 2025 2026 2027 Fed Funds 4.25 3.50 3.00 3.00 ECB Refi 3.24 2.15 2.15 2.15 Macroeconomic Update date 11-05-2026 2024 2025 2026 2027 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 2.1 2.6 2.0 Team Marina Tombas Suñé Data Scientist Oriol Aspachs Head of Spanish Economics Luís Pinheiro de Matos Economist Catalina Becu Research assistant José Antonio Sánchez Palomino Data scientist Oriol Carreras Baquer Senior economist Judit Montoriol Garriga Lead economist Meet us Enric Fernández Chief Economist Sergio Díaz Economist Zoel Martín Vilató Economist José Ramón Díez Head of International Economics & Markets Ana María Porras Organization Javier Ibáñez de Aldecoa Fuster Economist Mireia Crusells Analyst Meet us María Romero Meléndez Economista Imelda Esteban Senior economist Isabela Lara White Economist Ariadna Vidal Martínez Lead economist Jesús Viscarri Organization Beatriz Villafranca Serrano Economist Nuria Bustamante Lead economist Meet us Rita Sánchez Soliva Economist Pedro Álvarez Ondina Economist Patricia Esteban Communication David Cesar Heymann Economist David del Val Senior economist Carolina Cruz Organization David Martínez Turégano Senior economist Meet us Ana Rincón García Organization Jesús Manuel Carrera Moreno Research assistant Alberto Graziano Senior Data Scientist Josep Mestres Domènech Lead economist Javier García Arenas Senior economist Mar Bisquert Perles Data scientist Sandra Jódar Rosell Director of Strategic Planning Meet us Eduard Alcobé Garcia Data scientist Maitane Lizarraga Analyst Roser Ferrer Senior economist Léopold Jouven Economist Adrià Morron Salmeron Lead economist Meet us
Currencies EUR/USD EUR/USD has traded largely sideways since mid‑2025, hovering around 1.17, after a year of elevated volatility. The currency pair appears to have stabilised between its long‑term historical averages, around 1.12 (10‑year average) and 1.22 dollars per euro (20‑year… CaixaBank Research 28 May 2026
Artificial intelligence (AI) AI adoption in Spanish firms is advancing rapidly but remains limited and uneven The adoption of artificial intelligence (AI) in Spanish firms has accelerated in recent years, but the process has been uneven and remains incomplete. This article analyses the extent of AI penetration considering four key dimensions: company size, sectoral differences,… Javier García Arenas Pedro Álvarez Ondina 18 May 2026
Tourism What do high-frequency data tell us about international tourism in Spain after the outbreak of the war in Iran? International tourism spending accelerated slightly in March 2026, driven by the redirection towards Spain of tourist flows from the main European source countries. This upturn offset the decline in tourism from East Asia, which, although intense, represents only a small… David Cesar Heymann 18 May 2026
Spain's outlook The Spanish economy remains resilient in an uncertain environment The latest indicators depict an economy that remains resilient amid the entrenchment of the conflict in the Persian Gulf. Among the various channels through which this conflict can affect the economy, the most visible impact so far is in inflation, through the rise in… CaixaBank Research 18 May 2026
European Union Shadows (and some light) in Europe’s industrial decline David Martínez Turégano 18 May 2026
Financial markets What markets tell us about macroeconomics Isabela Lara White Jesús Manuel Carrera Moreno 18 May 2026
Artificial intelligence (AI) Productivity and employment in the face of generative AI: what do we know? Oriol Carreras Baquer 14 May 2026
Portugal outlook Portugal: the effects of the conflict begin to show through CaixaBank Research 14 May 2026
Financial markets outlook Financial markets: a disconnect between risk and energy? CaixaBank Research 14 May 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
Economy and markets between two tides: geopolitics and artificial intelligence José Ramón Díez Head of International Economics & Markets
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
Tourism What do high-frequency data tell us about international tourism in Spain after the outbreak of the war in Iran? David Cesar Heymann 18 May 2026
Spain's outlook The Spanish economy remains resilient in an uncertain environment CaixaBank Research 18 May 2026
European Union Shadows (and some light) in Europe’s industrial decline David Martínez Turégano 18 May 2026
Financial markets What markets tell us about macroeconomics Isabela Lara White Jesús Manuel Carrera Moreno 18 May 2026
Artificial intelligence (AI) Productivity and employment in the face of generative AI: what do we know? Oriol Carreras Baquer 14 May 2026
Portugal outlook Portugal: the effects of the conflict begin to show through CaixaBank Research 14 May 2026
Financial markets outlook Financial markets: a disconnect between risk and energy? CaixaBank Research 14 May 2026