CaixaBank Financial Markets Daily Report 11 May 2026 Risk sentiment was mixed on Friday's session, as counterparts in the Middle East conflict remained unable to reach a peace agreement, even though President Trump announced that the ceasefire continued to hold. Energy prices ticked up, with Brent settling above $101/barrel. Investment Investment growth, key to consolidating Spain’s economic expansion In this article, we analyse the factors behind the recent behaviour of investment in Spain, comparing the current investment cycle with the previous one (2014-2019) and contrasting the situation in Spain with that of its main euro area partners. Sergio Díaz 06 May 2026 Spain Balearic Islands The Balearic Islands is one of the most dynamic regions in the country. According to CaixaBank Research, the Balearic Islands’ GDP grew by 3.0% in 2025, above the Spanish average (2.8%). This was thanks to the upturn in tourism, which, in turn, boosted consumption and job… 30 April 2026 Spain Madrid AC The Madrid Autonomous Community’s economy is a key driver of the Spanish economy and has been highly buoyant in recent years, surpassed only by the island regions. At CaixaBank Research we estimate that Madrid’s GDP grew by 3.1% in 2025 (2.8% in Spain). This momentum is… 24 April 2026 Activity & growth The crisis in Iran: how much could it affect the Spanish economy? The war in the Middle East could generate a new shock to the global economy that would also affect the Spanish economy. In this article, we analyse the three main channels through which it could do so: the first is inflation, through the rising cost of energy, other… Several authors 17 April 2026 Financial markets outlook The Middle East leaves a «furious» mark on financial markets CaixaBank Research 17 April 2026 European Union How far has the EU progressed on the Competitiveness Compass? David Martínez Turégano 17 April 2026 Big data The transmission of the interest rate cycle to households in Spain: micro-level evidence of a moderate adjustment and gradual recovery Several authors 17 April 2026 World outlook An uncertain energy shock hangs over the global economy CaixaBank Research 17 April 2026 Spain's outlook The Spanish economy endures CaixaBank Research 17 April 2026 Energy Spain in the face of the new energy shock: a comparison with Europe Zoel Martín Vilató 16 April 2026 Publications Monthly Report April 2026 | No. 510 17 April 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 Spain Spain’s Macroeconomic & Financial Outlook 13 April 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 Globofriction (chap. 26) Oriol Aspachs Head of Spanish Economics Key points of the month World economy: between noise and fury José Ramón Díez Head of International Economics & Markets Recommended Investment Investment growth, key to consolidating Spain’s economic expansion Sergio Díaz 06 May 2026 Oil The oil market enters unknown territory Luís Pinheiro de Matos 17 April 2026 Activity & growth The crisis in Iran: how much could it affect the Spanish economy? Several authors 17 April 2026 Financial markets outlook The Middle East leaves a «furious» mark on financial markets CaixaBank Research 17 April 2026 European Union How far has the EU progressed on the Competitiveness Compass? David Martínez Turégano 17 April 2026 Big data The transmission of the interest rate cycle to households in Spain: micro-level evidence of a moderate adjustment and gradual recovery Several authors 17 April 2026 Spain's outlook The Spanish economy endures CaixaBank Research 17 April 2026 World outlook An uncertain energy shock hangs over the global economy CaixaBank Research 17 April 2026 Energy Spain in the face of the new energy shock: a comparison with Europe Zoel Martín Vilató 16 April 2026 Most read The Belt and Road Initiative: a double-edged sword? (part III) Investment growth, key to consolidating Spain’s economic expansion The transmission of the interest rate cycle to households in Spain: micro-level evidence of a moderate adjustment and gradual recovery The crisis in Iran: how much could it affect the Spanish economy? The impact of ageing on public finances: a major challenge for Spain and Europe Newsletter Being informed now is more important than ever Get our latest updates Sign in Hot topics Demographics Real-Time Economics Podcasts De Ormuz a España: cómo la crisis en el Golfo puede acabar afectando a nuestra economía 23/04/2026 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 Patricia Esteban Communication Ariadna Vidal Martínez Lead economist Léopold Jouven Economist Mireia Crusells Analyst Pedro Álvarez Ondina Economist Jesús Manuel Carrera Moreno Research assistant Luís Pinheiro de Matos Economist Meet us María Romero Meléndez Economista Nuria Bustamante Lead economist Marina Tombas Suñé Data Scientist Judit Montoriol Garriga Lead economist Beatriz Villafranca Serrano Economist Enric Fernández Chief Economist Zoel Martín Vilató Economist Meet us David Martínez Turégano Senior economist Mar Bisquert Perles Data scientist David del Val Senior economist Catalina Becu Research assistant Eduard Alcobé Garcia Data scientist Jesús Viscarri Organization Ana María Porras Organization Meet us Oriol Aspachs Head of Spanish Economics Sergio Díaz Economist José Ramón Díez Head of International Economics & Markets Rita Sánchez Soliva Economist Roser Ferrer Senior economist Carolina Cruz Organization Adrià Morron Salmeron Lead economist Meet us David Cesar Heymann Economist José Antonio Sánchez Palomino Data scientist Imelda Esteban Senior economist Javier García Arenas Senior economist Sandra Jódar Rosell Director of Strategic Planning Maitane Lizarraga Analyst Isabela Lara White Economist Meet us Alberto Graziano Senior Data Scientist Javier Ibáñez de Aldecoa Fuster Economist Ana Rincón García Organization Oriol Carreras Baquer Senior economist Josep Mestres Domènech Lead economist Meet us
Investment Investment growth, key to consolidating Spain’s economic expansion In this article, we analyse the factors behind the recent behaviour of investment in Spain, comparing the current investment cycle with the previous one (2014-2019) and contrasting the situation in Spain with that of its main euro area partners. Sergio Díaz 06 May 2026
Spain Balearic Islands The Balearic Islands is one of the most dynamic regions in the country. According to CaixaBank Research, the Balearic Islands’ GDP grew by 3.0% in 2025, above the Spanish average (2.8%). This was thanks to the upturn in tourism, which, in turn, boosted consumption and job… 30 April 2026
Spain Madrid AC The Madrid Autonomous Community’s economy is a key driver of the Spanish economy and has been highly buoyant in recent years, surpassed only by the island regions. At CaixaBank Research we estimate that Madrid’s GDP grew by 3.1% in 2025 (2.8% in Spain). This momentum is… 24 April 2026
Activity & growth The crisis in Iran: how much could it affect the Spanish economy? The war in the Middle East could generate a new shock to the global economy that would also affect the Spanish economy. In this article, we analyse the three main channels through which it could do so: the first is inflation, through the rising cost of energy, other… Several authors 17 April 2026
Financial markets outlook The Middle East leaves a «furious» mark on financial markets CaixaBank Research 17 April 2026
European Union How far has the EU progressed on the Competitiveness Compass? David Martínez Turégano 17 April 2026
Big data The transmission of the interest rate cycle to households in Spain: micro-level evidence of a moderate adjustment and gradual recovery Several authors 17 April 2026
World outlook An uncertain energy shock hangs over the global economy CaixaBank Research 17 April 2026
Energy Spain in the face of the new energy shock: a comparison with Europe Zoel Martín Vilató 16 April 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
Investment Investment growth, key to consolidating Spain’s economic expansion Sergio Díaz 06 May 2026
Activity & growth The crisis in Iran: how much could it affect the Spanish economy? Several authors 17 April 2026
Financial markets outlook The Middle East leaves a «furious» mark on financial markets CaixaBank Research 17 April 2026
European Union How far has the EU progressed on the Competitiveness Compass? David Martínez Turégano 17 April 2026
Big data The transmission of the interest rate cycle to households in Spain: micro-level evidence of a moderate adjustment and gradual recovery Several authors 17 April 2026
World outlook An uncertain energy shock hangs over the global economy CaixaBank Research 17 April 2026
Energy Spain in the face of the new energy shock: a comparison with Europe Zoel Martín Vilató 16 April 2026