Argentine Bonds Rising: the Country Risk Returns to the Area of the 500 Points
12 Articles
12 Articles
After a week of positive data, Argentine assets remain firm.In Wall Street, ADRs jump more than 6% and in the local square Merval earns almost 3% measured in dollars.
The good external climate and the fall of oil push local assets. ADRs climb up to almost 7% on Wall Street, the dollar bonds advance and the country's risk approaches 500 bp. Read more
The Buenos Aires Stock Exchange had an outstanding day on Wednesday: the S&P Merval rose 5.2% to 3,080,000 points, surpassing 3 million for the first time since April 8, while the country risk of JP Morgan drilled the 500 basic points by remaining in a moment in 498 (it closed the day finally in 501), a positive sign for the perception of the market on the Argentine debt. Among the papers that quoted in dollars in New York, the climbs were stron…
The risk country of Argentina continues in its positive streak and broke the barrier of the 500 points. Currently, the indicator produced by JP Morgan is at 498 points. During the day it lost 10 units, the equivalent of 2%. This did not happen since the beginning of the month, when it was placed in the 496 points after having received the credit improvement from the agency Fitch.. As it went from «CCC+» to «B-» with stable perspective, it positi…
On a green day for the financial markets, local assets advance up to 11% on Wall Street, at the same time as the rise of sovereign bonds that causes the fall of risk country below 500 points. The chief economist of SBS Group, Juan Manuel Franco, told Financiero that the market...
The S&P Merval earns 3.6% and again exceeds 3 million points. Banks’ ADRs lead the trend. Dollar bonds rise 0.3%, with a country risk at 498 points. While the main indicators of Wall Street negotiate disparate, the S&P Merval index of the Buenos Aires Stock Exchange rises 3.6%, at 3,020,000 points at 12:30 hours. The leading stock panel of the Buenos Aires Stock Exchange exceeds 3 million points again, for the first time since April 8. Between t…
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