Brazil Effect: Argentine Actions Plummet up to 11% on Wall Street and Raise the Dollar and Risk Country
13 Articles
13 Articles
The Argentine financial market recorded a fall on Monday, following the retreat in the markets of its main economic partner, Brazil, after the confirmation of the victory of President Luiz Inácio Lula da Silva (PT) over Senator Flávio Bolsonaro (PL) in the second round of the presidential election on Sunday. The Argentine stock index, MSCI Merval, recorded a strong fall of 4.23% at 11h50 (Brazilian time), while the stock negotiations in its Braz…
The MSCI Merval index drops by 5.2%, while the Free Market and the banks lead the wide losses abroad. The country risk advances to 745 points, maximum in one year. The dollar goes up ten pesos, to $1,560, in the National Bank
In the first financial round of the week, the Argentine shares and bonds listed on Wall Street, as a result of the fall in the Brazilian Stock Exchange, after Lula da Silva's triumph in the ballotage against Flavio Bolsonaro. The national assets listed on the Nuev York Stock Exchange, lose their... Read more
After Lula's triumph in Brazil, Argentine assets collapse and the JP Morgan indicator reaches a new peak in the year.
The Merval loses more than 5%, the Argentine shares fall back to 11% on Wall Street and the risk country climbs to 745 points.
The JP Morgan indicator rises 38 points in the middle of a strong sale of Argentine bonds, in a day marked by the financial impact of Lula da Silva’s triumph in Brazil. Local shares also plummet on Wall Street and the Porteña Stock Exchange. Read more
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