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Financial Markets Daily Report 07 October 2026 Risk sentiment improved on Tuesday as Treasury yields retreated from multi-decade highs and energy-related inflation concerns continued to ease. Technology stocks led gains, with the S&P 500 hitting a fresh record while the Eurostoxx50 rose 0.5%. 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 SpainSpain’s Macroeconomic & Financial Outlook10 September 2026 PortugalPortugal’s Macroeconomic & Financial Outlook10 September 2026 Monthly ReportJuly 2026 | No. 51315 July 2026 Sectorial ReportSectoral Observatory S1 2026 Real Estate. Increasing supply, the great challenge of the Spanish real estate market S1 2026Content available in catalan spanish Tourism. Spanish tourism sector: from post-pandemic rebound to sustainable growth S1 2026Content available in catalan spanish Sectorial ReportAgrifood. The Spanish agrifood sector gains momentum 2025 Manufacturing Industry 2023Content available in catalan spanish 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 2026Most readHow do we shop? Scroll down & click!The Spanish economy remains resilient, but it is ageingWe need to talk about interest ratesSpain’s external sector drives the post-pandemic expansionIreland, the country that skews Europe’s statistics NewsletterBeing informed now ismore important than everGet our latest updates Sign in Hot topics Digitalisation & Technology Demographics Podcasts Cuando suben los tipos: qué hay detrás de las últimas decisiones de los bancos centrales 28/09/2026 Forecasts Financial markets Interest rate (%)Update date 07-09-20262024202520262027 Fed Funds 4.25 3.50 3.50 3.00 ECB Refi 3.24 2.15 2.40 2.15 Macroeconomic GDP (%)Update date 07-09-20262024202520262027 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 Aleix Cuevas Bullich Roser FerrerSenior economist Maitane LizarragaAnalyst Adrià Morron SalmeronLead economist Ariadna Vidal MartínezLead economist Isabela Lara WhiteEconomist Oriol Carreras BaquerSenior economist Meet us Ana María PorrasOrganization Pedro Álvarez OndinaEconomist Josep Mestres DomènechLead economist Mar Bisquert PerlesData scientist Oriol AspachsHead of Spanish Economics Ana Rincón GarcíaOrganization Mireia CrusellsAnalyst Meet us Jesús ViscarriOrganization Judit Montoriol GarrigaLead economist David Martínez TuréganoSenior economist Léopold JouvenEconomist Marina Tombas SuñéData Scientist Patricia EstebanCommunication María Romero MeléndezEconomista Meet us Carolina CruzOrganization David del ValSenior economist José Antonio Sánchez PalominoData scientist Luís Pinheiro de MatosEconomist Javier Ibáñez de Aldecoa FusterEconomist Javier García ArenasSenior economist Enric FernándezChief Economist Meet us José Ramón DíezHead of International Economics & Markets Nuria BustamanteLead economist Sandra Jódar RosellDirector of Strategic Planning Rita Sánchez SolivaEconomist Imelda EstebanSenior economist Alberto GrazianoSenior Data Scientist Sergio DíazEconomist Meet us Beatriz Villafranca SerranoEconomist Zoel Martín VilatóEconomist Eduard Alcobé GarciaData scientist Meet usPrint
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
Real Estate. Increasing supply, the great challenge of the Spanish real estate market S1 2026Content available in catalan spanish
Tourism. Spanish tourism sector: from post-pandemic rebound to sustainable growth S1 2026Content available in catalan spanish
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