US EditionFiesta in the Markets: Argentine Bonds Rise Strongly and Almost 8% the Country Risk Falls
13 Articles
13 Articles
The shares linked to oil, such as YPF and Vista, fell 9% but then cut the loss.On the contrary, up to 6% of the banks' papers jumped.
While the global markets are on a par with the meeting in Afghanistan n, the Argentine market is moving in another sinton a.
The financial markets lived a day of strong euphoria after the announcement of a two-week truce between the United States and Iran, a scenario that had a full impact on Argentine assets. In that context, stocks and bonds rose, while the country risk dropped almost 7% to 570 basic points. The movement took place this Wednesday in the middle of a positive global climate... Source
Argentine assets accompanied the improvement of the global climate following the announcement of a ceasefire between the US and Iran.
The prices of Argentine bonds and shares closed in increase, a day after the two-week truce agreed between the United States and Iran, which caused the price of oil to fall 18%, to US$ 90.90 in its Brent variety. In line with this climate change, the dollar bonds operated with up to 2.8% rises, as in the case of the Global 2041, followed by the Global 2047 (+2.7%) and the Global 2038 (+2.6%). Thus, the country risk rate went back 6.90% to be loc…
The risk Argentine country recorded a sharp drop of close to 10% in the last day and reached its lowest level in several months, in a movement that reflects an improvement in the perception of the markets on the local economy. The indicator, elaborated by JP Morgan, measures the difference between the rate paid by the Argentine debt and that of the United States. Its decrease is directly linked to greater confidence of the investors and to the r…
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