Lo que los mercados nos dicen de la macroeconomía Mercados financieros Isabela Lara White Jesús Manuel Carrera Moreno Vie, 08/05/2026 - 11:30
¿Qué nos dicen los datos de alta frecuencia sobre el turismo internacional en España después del estallido de la guerra en Irán? Economía española David Cesar Heymann Lun, 27/04/2026 - 08:32
Sombras (y alguna luz) del declive industrial europeo Economía internacional David Martínez Turégano Vie, 08/05/2026 - 11:59
Financial Markets Daily Report 15 May 2026 Risk sentiment remained broadly positive for another session, as investor focus continued to shift away from Middle East tensions, with no major developments and stable energy prices (Brent crude around $105/barrel), toward macroeconomic data, corporate earnings and AI-related investment themes. Artificial intelligence (AI) The AI buzz in financial markets The rise of AI has led to hopes of a new industrial revolution and, at the same time, fears of another bubble. This ambivalence extends to stock market valuations: they rest on expectations of vast revenue growth, but at the same time, there are doubts about their… CaixaBank Research 14 May 2026 Artificial intelligence (AI) Productivity and employment in the face of generative AI: what do we know? Generative artificial intelligence (AI) has traits of a general-purpose technology: applications in many sectors, rapid improvement of the technology itself and a catalyst for complementary innovations. This has already happened with technologies such as electricity and… Oriol Carreras Baquer 14 May 2026 Portugal outlook Portugal: the effects of the conflict begin to show through The February storms and the initial impact of the conflict in the Middle East contributed to the stagnation of GDP in the first three months of the year. In the absence of the breakdown by component, the first GDP estimate indicates that consumption slowed, while… CaixaBank Research 14 May 2026 Financial markets outlook Financial markets: a disconnect between risk and energy? The conflict in the Middle East set the pace for financial markets in a month marked by very high uncertainty and as geopolitics continued to redefine the economic landscape. CaixaBank Research 14 May 2026 Opinion Economy and markets between two tides: geopolitics and artificial intelligence José Ramón Díez 14 May 2026 Opinion Hormuz: time is against us Oriol Aspachs 14 May 2026 World outlook Geopolitics prevails over international economic data CaixaBank Research 14 May 2026 Artificial intelligence (AI) Differentiated strategies for governing AI: towards cooperation or conflict? David Martínez Turégano 14 May 2026 Savings Household savings, income and finances in Spain: how did they fare in 2025 and what can we expect for 2026? Javier García Arenas Sergio Díaz 14 May 2026 Artificial intelligence (AI) Artificial intelligence: a supply-side perspective Isabela Lara White Luís Pinheiro de Matos 14 May 2026 Publications SpainSpain’s Macroeconomic & Financial Outlook12 May 2026 Monthly ReportApril 2026 | No. 51017 April 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 ReportSectoral Observatory S1 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 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 Opinion Hormuz: time is against us Oriol Aspachs 14 May 2026 Opinion Economy and markets between two tides: geopolitics and artificial intelligence José Ramón Díez 14 May 2026 Artificial intelligence (AI) Differentiated strategies for governing AI: towards cooperation or conflict? David Martínez Turégano 14 May 2026 World outlook Geopolitics prevails over international economic data CaixaBank Research 14 May 2026 Savings Household savings, income and finances in Spain: how did they fare in 2025 and what can we expect for 2026? Javier García Arenas Sergio Díaz 14 May 2026Most readThe Belt and Road Initiative: a double-edged sword? (part III)The evolution of Spanish households’ electricity bills in 2022Artificial intelligence: a supply-side perspectiveQuo vadis, globalisation? (part I): the long slowdownDifferentiated strategies for governing AI: towards cooperation or conflict? NewsletterBeing informed now ismore important than everGet our latest updates Sign in Hot topics Real-Time Economics Monetary and fiscal policy Podcasts De Ormuz a España: cómo la crisis en el Golfo puede acabar afectando a nuestra economía 23/04/2026 Forecasts Financial markets Interest rate (%)Update date 11-05-20262024202520262027 Fed Funds 4.25 3.50 3.00 3.00 ECB Refi 3.24 2.15 2.15 2.15 Macroeconomic GDP (%)Update date 11-05-20262024202520262027 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 Luís Pinheiro de MatosEconomist Isabela Lara WhiteEconomist Mireia CrusellsAnalyst José Ramón DíezHead of International Economics & Markets Maitane LizarragaAnalyst Jesús Manuel Carrera MorenoResearch assistant Josep Mestres DomènechLead economist Meet us Marina Tombas SuñéData Scientist Jesús ViscarriOrganization Javier García ArenasSenior economist Enric FernándezChief Economist Roser FerrerSenior economist Rita Sánchez SolivaEconomist Ana Rincón GarcíaOrganization Meet us Pedro Álvarez OndinaEconomist David Martínez TuréganoSenior economist Sandra Jódar RosellDirector of Strategic Planning Alberto GrazianoSenior Data Scientist Beatriz Villafranca SerranoEconomist Carolina CruzOrganization Catalina BecuResearch assistant Meet us David Cesar HeymannEconomist David del ValSenior economist María Romero MeléndezEconomista Léopold JouvenEconomist Sergio DíazEconomist José Antonio Sánchez PalominoData scientist Eduard Alcobé GarciaData scientist Meet us Ariadna Vidal MartínezLead economist Ana María PorrasOrganization Oriol AspachsHead of Spanish Economics Mar Bisquert PerlesData scientist Javier Ibáñez de Aldecoa FusterEconomist Nuria BustamanteLead economist Zoel Martín VilatóEconomist Meet us Adrià Morron SalmeronLead economist Oriol Carreras BaquerSenior economist Judit Montoriol GarrigaLead economist Imelda EstebanSenior economist Patricia EstebanCommunication Meet usPrint
Artificial intelligence (AI) The AI buzz in financial markets The rise of AI has led to hopes of a new industrial revolution and, at the same time, fears of another bubble. This ambivalence extends to stock market valuations: they rest on expectations of vast revenue growth, but at the same time, there are doubts about their… CaixaBank Research 14 May 2026
Artificial intelligence (AI) Productivity and employment in the face of generative AI: what do we know? Generative artificial intelligence (AI) has traits of a general-purpose technology: applications in many sectors, rapid improvement of the technology itself and a catalyst for complementary innovations. This has already happened with technologies such as electricity and… Oriol Carreras Baquer 14 May 2026
Portugal outlook Portugal: the effects of the conflict begin to show through The February storms and the initial impact of the conflict in the Middle East contributed to the stagnation of GDP in the first three months of the year. In the absence of the breakdown by component, the first GDP estimate indicates that consumption slowed, while… CaixaBank Research 14 May 2026
Financial markets outlook Financial markets: a disconnect between risk and energy? The conflict in the Middle East set the pace for financial markets in a month marked by very high uncertainty and as geopolitics continued to redefine the economic landscape. CaixaBank Research 14 May 2026
Opinion Economy and markets between two tides: geopolitics and artificial intelligence José Ramón Díez 14 May 2026
Artificial intelligence (AI) Differentiated strategies for governing AI: towards cooperation or conflict? David Martínez Turégano 14 May 2026
Savings Household savings, income and finances in Spain: how did they fare in 2025 and what can we expect for 2026? Javier García Arenas Sergio Díaz 14 May 2026
Artificial intelligence (AI) Artificial intelligence: a supply-side perspective Isabela Lara White Luís Pinheiro de Matos 14 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
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
Opinion Economy and markets between two tides: geopolitics and artificial intelligence José Ramón Díez 14 May 2026
Artificial intelligence (AI) Differentiated strategies for governing AI: towards cooperation or conflict? David Martínez Turégano 14 May 2026
Savings Household savings, income and finances in Spain: how did they fare in 2025 and what can we expect for 2026? Javier García Arenas Sergio Díaz 14 May 2026