Daily News - 29 de marzo de 2026
Spain is heading into the weekend following a government reshuffle by Sánchez, with Carlos Cuerpo now serving as First Deputy Prime Minister and Arcadi España as the new Minister of Finance. Market tensions in the Strait of Hormuz are pushing oil prices up and impacting stock markets. The Bank of Spain warns that inflation could hit 5.9% in 2027 if the conflict in the Middle East continues.
Daily News - 29 de marzo de 2026
Headlines
Government reshuffle: Cuerpo and España take office after Montero's departure
- What happened: María Jesús Montero has left the Cabinet to run as a candidate in Andalusia. Carlos Cuerpo has been promoted to First Deputy Prime Minister, and Arcadi España, the former Valencian Minister of Finance, has been appointed as the new Minister of Finance. The official handover took place at the Ministry of Finance.
- Why it matters: This change reshuffles the government's hierarchy during budget negotiations and while the Spanish economy is under geopolitical pressure. The PP has dismissed the move as merely cosmetic, claiming that "the only change Spaniards want is for the President of the Government."
Sánchez announces collaboration body with the Basque Country for airport management
- What happened: President of the Government Pedro Sánchez announced the creation of a specific body for the Basque Country to collaborate on the management of its three airports, as part of the political events of March 27.
- Why it matters: The measure is part of agreements with the executive's Basque partners and reignites the debate on the decentralization of strategic infrastructure in Spain.
Bank of Spain alert: inflation could reach 5.9% in 2027 if the war continues
- What happened: The Bank of Spain has published its macroeconomic projections, warning that inflation could reach 5.9% in 2027 if the conflict in the Middle East—and its effects on oil prices and the Strait of Hormuz—persists.
- Why it matters: The institution is maintaining its 2.3% GDP growth forecast for 2026 for now, but the medium-term outlook is darkening significantly, affecting families, businesses, and investors.
Wall Street falls, dragged down by tension in the Strait of Hormuz
- What happened: Wall Street closed in the red on Friday, with the Nasdaq falling 2.15%. The Mexican Stock Exchange (BMV) also saw a decline for the day, though it recorded a 3.98% gain for the week.
- Why it matters: The escalation of geopolitical tension in the Strait of Hormuz remains the primary source of uncertainty for international markets, driving up crude oil prices and pushing global stock indices lower.
The IBEX 35 loses 17,000 points; Enagás rises 14%
- What happened: The Spanish stock market fell 1.4% on Friday and broke below the 17,000-point level mid-session, with most stocks in the red. The exception was Enagás, which soared 14%.
- Why it matters: The IBEX is feeling the direct pressure of expensive oil and geopolitical uncertainty. The rise of Enagás—a strategic gas company—reflects investor interest in the potential rerouting of European energy supplies.
Economy and Business
Brent crude exceeds 105 dollars and Euribor remains under pressure
The price of a barrel of Brent crude rose above the 105-dollar mark, according to market analysis on March 27, driven by tensions in the Strait of Hormuz. The IBEX 35 fell below 17,000 points for the day, reflecting general nervousness among European investors.
OECD cuts Spain's 2026 growth forecast by one-tenth
The international organization has revised its growth estimate for the Spanish economy down by 0.1%, citing the impact of the conflict in the Middle East as the primary external risk factor. Spain begins from a relatively solid position, but the global environment is becoming more complicated.
Global News
Debate in Spain over the euthanasia law following the case of Noelia Castillo
The case of young Noelia Castillo—who remained paraplegic for 601 days while waiting to receive euthanasia—has reopened the debate in Spain regarding the limits of the law and the role of the State. BBC Mundo highlighted the story, questioning why her suffering was allowed to be prolonged for so long.
Colombia registers new earthquakes on March 28
The Colombian Geological Service (SGC) reported seismic activity in Colombia on Saturday, March 28. Data regarding the epicenter and magnitude were being updated in real-time throughout the day.
Tracking for Updates
- Conflict in the Middle East and the Strait of Hormuz: The tension between Iran and Israel remains the primary focus of global geopolitical and economic risk. It is worth monitoring the evolution of oil prices and their effects on inflation in Spain and Europe.
- Spanish Government reshuffle: The arrival of Carlos Cuerpo as First Deputy Prime Minister and Arcadi España at the Ministry of Finance raises questions about the executive's budget strategy and its ability to negotiate with parliamentary partners.
- Bank of Spain projections for 2027: The warnings regarding a potential 5.9% inflation rate deserve close monitoring, especially in light of upcoming European Central Bank decisions on interest rates.
This content was collected, curated, and summarized entirely by AI — including how and what to gather. It may contain inaccuracies. Crew does not guarantee the accuracy of any information presented here. Always verify facts on your own before acting on them. Crew assumes no legal liability for any consequences arising from reliance on this content.
Powered by
