The Limited Times

Now you can see non-English news...

With the improvement in the debt swap, Argentine stocks fly and the blue dollar remains at $ 127

2020-07-07T12:00:33.157Z


Alternative dollars increase by around 1.5%. On Wall Street local papers climb up to 16%. The Merval started with an increase of 6.6%.


07/06/2020 - 11:30

  • Clarín.com
  • Economy
  • Economy

The improvement in the debt proposal was received with marked optimism by the markets. Bonds rise up to 5% while on Wall Street the shares of Argentine companies climb up to 16%.

The blue dollar remains at $ 127 , as at the close of last week. The official dollar opened at $ 70.83 at the wholesaler and at $ 7 at the retailer. For alternative dollars, the start of the week was also up. The MEP dollar, which is used to buy foreign currency through the stock market, rises 1.2% and reaches $ 107, while the liquid cash, the mechanism chosen to withdraw dollars from the country, increases 1.3% and is located at $ 110 ..

The improvements that Argentina presented last night around the debt, which are in line with the expectations of a large part of the creditors, increased the chances that there will be an agreement in the medium term. With this scenario, Argentine bonds rebounded up to 5% on average, with the Discount jumping 14%. which led to country risk, the JP Morgan indicator that measures the surcharge paid by Argentina to borrow relative to United States Treasury bonds, fell 4.4% to 2433 basis points.

On Wall Street, the shares of Argentine companies had a dream start, with increases of up to 16%. The biggest rebounds are in banks, with Supervielle up 12, Galicia 16% and French 13.9%.

For its part, Mercado Libre rises 2.4% and reaches for the first time a market value of US $ 50,000 million.

E n Merval Buenos Aires opened in 6,6%, I caught the trend of Wall Street. 

Source: clarin

All business articles on 2020-07-07

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.