Argentina's Shares Rose to 7% on Wall Street and the Country Risk Was Close to Breaking the 500-Point Floor
6 Articles
6 Articles
The S&P Merval rose 0.5% and dodged the downward trend of Wall Street, where it impacted the jump of more than 5% in the price of oil. The dollar rose to $1,535 in the National Bank and reserves again exceeded the USD 50 billion
The US dollar titles advanced to 0.7% and the S&P Merval also closed upwards, while the ADRs operated with a majority of uploads. Read more
The first financial day of the month closed with increases in national assets and foreign exchange purchases by the monetary authority.
Buenos Aires, 1 September (NA) -- The country risk was a step away from perforating the 500 points after the Argentine bonds in dollars scored general ups. ADRs, meanwhile, closed with most advances, as opposed to the main indexes of Wall Street. The improvement of the bonds occurred despite the fact that the yields of the sovereign bonds to 5 and 10 years rose. In this context, the titles in dollars advanced up to 0.7% headed by the Global 2029…
The Argentine stock market began September on positive ground and managed to decouple the bias of the international squares. The S&P Merval index of the Buenos Aires Stock Exchange rose by 0.8% to 3,060.000 points, on a day where sovereign bonds in dollars (Bonares and Globals) advanced 0.5% on average,...
The financial front showed a day of relief for Argentine assets, with dollar bonds and ADRs on positive ground, despite the adverse international context. However, the country risk still remains above 500 basis points and exposes the difficulties faced by the Government in recovering full access to external credit.
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