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Maria Victoria Ramírez
Maria Victoria Ramírez is an Economist at the BBVA Research Global Financial Scenarios Unit. She has a Master’s Degree in Finance from the Carlos III University of Madrid. Previously she was an intern in the Mercantil Banco Universal Department of Market Risk in Venezuela, where she monitored the sovereign debt and credit risk of many countries daily, focusing particularly on emerging markets.
She received her Bachelor’s Degree in Economy from the Andrés Bello Catholic University in Caracas, Venezuela, where she graduated number two in her class. She also received two awards for outstanding academic results from the Faculty of Economics during her time at the university.
Global risk assets started on a buoyant note early today as most Asian equities advanced but the mood reversed in advanced markets with S&P 500 registering its steepest drop in two weeks, weighed by US tariff threats on the EU and a growth warning by the IMF, which cut its global growth outlook to lowest since the financial crisis.
Risk-on mood returned to the markets this week amid positive surprises in the US and China PMIs, rising hopes for a near term US-China trade deal and the declining probability for no-deal Brexit, which together offset a cautious view from the IMF on the growth outlook.
Financial markets were little changed awaiting further details on US-China trade talks, which are currently underway. The US is mulling over giving China until 2025 to fulfill its trade promise, which includes a commitment to purchase more US agricultural products, among others. Ongoing talks are expected to pave the way for Trump and Xi to seal a trade deal.