Cristina Varela is the Head Economist of the Financial Scenarios Unit at BBVA Research.Cristina Varela has been working since 1993 in different BBVA areas related to the analysis of economic and financial variables to prepare strategy reports and market indicators and to establish recommendations on financial assets. Before that she worked as an economist in a financial consultancy firm (EUROTANDEM) and on foreign trade (ACE). She has published a number of articles in newspapers and economic journals. Cristina Varela holds a degree in Economy from the Complutense University of Madrid and completed her postgraduate training for a Master’s Degree in Financial Markets at San Pablo C.E.U. Madrid University. She is also holds a doctorate in international economy from the Complutense University of Madrid. She is currently writing a doctoral thesis on the export sector and public banking. She is a recurring attendee of courses and seminars in international and Spanish universities.
Investors remained cautious on the back of renewed U.S.-China geopolitical tensions. The U.S. Senate unanimously passed a bill yesterday supporting Hong Kong protesters, which downplayed hopes of a trade deal.
Investors were cautious, awaiting further progress in U.S.-China trade negotiations. A weaker U.S. retail sales outlook spurred concerns about the resilience of U.S. consumption and its economic outlook.