News | 05 February 2026
Market Outlook 2026: BBVA Looks Ahead
Strategic Insights for 2026: BBVA CIB’s second Market Outlook in Milan
We recently hosted the second edition of the BBVA CIB Global Market Outlook. The event - held at our new Milan office - brought together key clients and partners from across the Italian financial community to discuss macro and market challenges (and opportunities) set to shape 2026.
This initiative underscores BBVA’s commitment to continue driving growth in Italy by building deep, long-term relationships with local institutions and investors. By pairing high-level thought leadership with seamless execution, BBVA CIB remains a key partner supporting clients through rapidly changing markets.
Global Macroeconomic and Market Outlook for 2026
Lorenzo Codogno (Chief Economist, LC Macro Advisors) inaugurated the forum by outlining the global economic landscape for 2026. His analysis zoomed in on growth projections, inflation trends, and the geopolitical shifts currently shaping the scene, with a specific focus on their implications across FX, equities, and sovereign debt.
In the next session, Filippo Mormando (European Macro & Sovereign Strategist, BBVA CIB) provided an overview on Rates and Sovereign Outlook, outlining strategy and top ideas for 2026 against an increasingly uncertain global environment.
Ana Greco (Head of European Credit Desk Strategy, BBVA CIB) then presented the EUR Credit 2026 Outlook, focusing on how to best translate our view on European Financials and Corporates into actionable trade ideas.
BBVA CIB’s Commitment to the Italian Market
The forum concluded by reaffirming BBVA's dedication to the Italian market. Powered by tailored solutions and expert guidance we strive to help our clients navigate the major trends and challenges set to mark the upcoming financial landscape.
This initiative underscores BBVA’s commitment to continue driving growth in Italy by building deep, long-term relationships with local institutions and investors. By pairing high-level thought leadership with seamless execution, BBVA CIB remains a key partner supporting clients through rapidly changing markets.
Global Macroeconomic and Market Outlook for 2026
Lorenzo Codogno (Chief Economist, LC Macro Advisors) inaugurated the forum by outlining the global economic landscape for 2026. His analysis zoomed in on growth projections, inflation trends, and the geopolitical shifts currently shaping the scene, with a specific focus on their implications across FX, equities, and sovereign debt.
In the next session, Filippo Mormando (European Macro & Sovereign Strategist, BBVA CIB) provided an overview on Rates and Sovereign Outlook, outlining strategy and top ideas for 2026 against an increasingly uncertain global environment.
Ana Greco (Head of European Credit Desk Strategy, BBVA CIB) then presented the EUR Credit 2026 Outlook, focusing on how to best translate our view on European Financials and Corporates into actionable trade ideas.
BBVA CIB’s Commitment to the Italian Market
The forum concluded by reaffirming BBVA's dedication to the Italian market. Powered by tailored solutions and expert guidance we strive to help our clients navigate the major trends and challenges set to mark the upcoming financial landscape.