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.
Global equity markets stabilized, and rebounded slightly after yesterday’s dramatic correction. The strong U.S. consumer confidence and regional manufacturing report boosted equity markets and sovereign yields today.
Increasing contagion fears boosted sovereign bond demand and significantly dragged commodities and equity markets, especially companies with exposure to China