US EditionArgentine shares slide in New York as country risk climbs above 500 points
24 Articles
24 Articles
Wall Street fell due to the liquidation of technological shares. Bitcoin sank 13% and Argentine ADRs yielded up to 8%. The S&P Merval lost 2.8% and the country risk rose to 516 points. The dollar dropped to $1,460 and reserves fell more than USD 600 million after a payment to the IMF
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.
The country risk again exceeded 500 points in the first week of February, due to a combo of internal and external factors that led to a fall in Argentine bonds that are listed abroad. After touching minimums of 484 points on January 28, the indicator produced by JP Morgan closed this Thursday to 516 units. Thus, it increased 6.6% from the most recent floor. For analysts consulted by TN, however, they did not show concern or notice a strong trend…
The Argentine assets lived a day for oblivion this Thursday, with widespread collapses in the shares listed in New York and a new rise in the country's risk, which moved away from its recent minima in the midst of an increasing aversion to risk and local political tensions. The roles of Argentine companies on Wall Street (ADRs) recorded falls of up to 8%, led by Bioceres, followed by the banks Grupo Supervielle (-7.4%) and BBVA (-7.1%). In the l…
The indicator produced by JP Morgan goes up 16 basis points. The dollar operates stable and Argentine papers score lows of up to 6%.
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…
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