Argentina Stocks Fall 1.2% as Bonds Slip | Argentina Market Report, Oct 14
13 Articles
13 Articles
The high CPI raised the forecasts of an increase in the price of money in the US by the Fed. In Chile, Latam, SQM and Cencosud dragged 0.49% to the Santiago Stock Exchange and cancelled the good performance of the bank bonds.
The indicator developed by JP Morgan adds five units and is located at levels at the end of September; Argentine actions tend to fall both on Wall Street and the Porteña Stock Exchange.
Markets fall in New York and drag Argentine assets.The dollar remains at $1,535.
The Wall Street indexes lose as much as 1.5% after it is known that the US CPI rose to 3.7% per year. The S&P Merval drops 0.4%
The possibility of the Federal Reserve rising rates again in the US, and the poor prospects of the local economy, boosted five days followed by a drop in local debt securities prices.
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