Cristian Maggio - TD Securities

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Last quote by Cristian Maggio

The Fed outlook is at the margin putting slight pressure, but markets have taken the Fed reading in an extremely dovish way. The impact on emerging market yields should be negative, but it's hard to say how much because in most countries you have low inflation - so there are two opposite forces here.feedback
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Sep 22 2017
Cristian Maggio has been quoted 27 times. The one recent article where Cristian Maggio has been quoted is EMERGING MARKETS-Emerging stocks sail higher; Rouble at one-mth low. Most recently, Cristian Maggio was quoted as having said, “The Central Bank of Russia came across more hawkish than what the market had expected.”.
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Cristian Maggio quotes

Jan 18 2017

Where you have an economy that is struggling to gain traction, any additional rate hike will add to the negative developments. It may derail the recovery and it might compromise the government's attempts to achieve a certain level of budget deficit.feedback

Jan 12 2017

There is in general a more optimistic sentiment on emerging currencies today, which is because of the dollar weakening as a consequence of Trump's speech yesterday.feedback

Dec 16 2016

The final outcome was a done deal, but the message overall appeared more hawkish then we all expected ... and the reaction has been text-book with a sell-off in emerging markets, especially currencies. This is a very illiquid time, and it is a pity that these big events - this year like last year - are happening at this time of the year ... so the market moves are overextended.feedback

Dec 02 2016

The risk is that a strong print in the payrolls may firm the hand of the Fed. Pretty much everybody is expecting a hike of 25 bps in December, but it's about what comes next - the strength of the U.S. economy is one of those factors that will determine how aggressively the Fed tightens monetary policy next year.feedback

Dec 02 2016 - South Africa

The market has become overly optimistic on South Africa - it has priced in for too long without any solid reason that (President Jacob) Zuma may end his term prematurely.feedback

Nov 14 2016

China's economy is at risk with his election, in particular that (Trump) would want to label China a currency manipulator. This is going to add strains to trade and diplomatic relations.feedback

Nov 14 2016

No one has a clear answer to that question. We don't expect all his pledges to be implemented.feedback

Nov 02 2016 - Mexico

(Trump) is using very anti-Mexican rhetoric - from an immigration standpoint, and a (trade) standpoint, Mexico has a lot to lose if Trump goes ahead with those plans.feedback

Nov 02 2016

It's difficult to predict what Trump will do as president. In the absence of a clear view, the normal reaction is to hedge one's position by reducing risk exposure.feedback

Oct 19 2016

The fact that (the data) came in line with expectations is neutral, but it removes the risk of weaker growth. That gives the rest of emerging markets the liberty to focus on different aspects, and the move seems to be positive.feedback

Jul 22 2016

With the risk of further downgrades, this sector will be under pressure, which will likely trigger big outflows and put more pressure on the currency.feedback

Apr 06 2016

The market doesn't have many chances to be surprised on the positive side.feedback

Mar 14 2016 - Egypt

The odds that Rousseff will continue to the end of her mandate have fallen below 50 percent and the market is very happy about it.feedback

Mar 14 2016 - Egypt

The market is just extending the moves we saw prevailing last week which were in a positive direction.feedback

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