While the Argentine market does not register operations due to the Memorial Day holiday, the Argentine stocks and bonds listed on Wall Street accumulate their third consecutive fall, while the country risk index exceeds 2,500 points.
In this sense, the ADRs operate once more with the majority of numbers in the red.
Tenaris papers lead the drop with -3%, followed by YPF (2.9%) and Globant (-2.3%). On the contrary, four companies manage to trade on the rise. These are: IRSA (0.8%), Telecom (0.7%), Loma Negra (0.3%) and Transportadora Gas del Sur (0.1%).
How the markets closed following the announcement of the bond swap
Once once more, a clear downward trend is observed in the bank stocks at the international level affecting national roles. While in Europe, two heavyweights like Deutsche Bank y UBS Group sank 8.70% and 3.74%, respectively, on the New York Stock Exchange, Argentine titles fell around 1%.
For their part, the Global bonds lost 1.6% on average.
Sovereign bonds plummet following Sergio Massa’s “poorly executed” measure
Country risk above 2,500 bp
country risk keep going up and come back overcome the barrier of 2,500 basis points. It should be remembered that the last time this had happened was in November of last year.
After noon, the index prepared by the consultancy JP Morgan climbed almost 3% and was located at 2,565 bp.
RM / MCP
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