US EditionArgentine shares slide in New York as country risk climbs above 500 points
20 Articles
20 Articles
Argentine shares slide in New York as country risk climbs above 500 points
Argentine stocks and hard-currency bonds fell on Tuesday, hit by a risk-off turn in global markets and fresh domestic uncertainty tied to the stalled overhaul of inflation measurement following Marco Lavagna’s departure from INDEC.
El Merval dropped 0.8% to 2,017 points on Wednesday, February 4, measured in dollars. The index that groups Argentine shares accumulates a 5.8% red since this Monday, February 2. According to analysts, this responds more to the global financial climate than to a change of local foundations. This Wednesday the Argentine shares listed on Wall Street closed with losses of up to 5.86% in the case of BBVA. With just three in green: Vista Energy (1.58…
Argentina's shares fell more than 5% this Wednesday on Wall Street and around 4% on the Porteña Stock Exchange, while the Country Risk was consolidated over 500 points, in the midst of a bearish external context and local uncertainty about the inflation rate following Marco Lavagna's resignation from the National Institute of Statistics and Censuses (INDEC). Losses in New York were led by Telecom Argentina (-5.2% after playing -8.1%), behind whi…
Global nervousness continues around artificial intelligence, which negatively impacts the main stock indices; the official retail exchange rate is stable at $1465.
The decline was up to 8% on Wall Street. S&P Merval reversed the initial climbs and fell 2.2%, below 3,000,000 points.
The financial idilio of January seems to have found a wall of technical reality. The country risk climbed to 506 basic points this Tuesday, in a day where Argentine assets in New York suffered a severe punishment, led by the vertical collapse of Bioceres Crop that receded 32%. The distrust deepened after the Minister of Economy, Luis Caputo, confirmed that the country does not plan to return to the international debt markets in the short term. T…
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