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After the super stocks, another bad day in the markets: the dollar and the country risk rise and stocks fall

2020-09-17T17:23:31.863Z


Financial dollars continue to trade higher as retail operations remain paralyzed.09/17/2020 - 11:57 Clarín.com Economy This Thursday the bad climate in the markets continued after the tightening of the exchange rate that the Government ordered on Tuesday night. At the opening, the blue dollar remains at $ 145, although it rises to $ 150 in some caves , while the country risk rises 4.2% and Argentine shares listed in New York fall. Far from calming down, the perfect storm con


09/17/2020 - 11:57

  • Clarín.com

  • Economy

This Thursday the

bad climate

in the markets continued after the tightening of the exchange rate that the Government ordered on Tuesday night.

At the opening, the blue dollar remains at $ 145, although it

rises to $ 150 in some caves

, while the country risk

rises

4.2% and Argentine shares listed in New York fall.

Far from calming down, the

perfect storm

continues

to hit the Argentine economy.

Home banking continues to adapt to the new measures, which is why foreign exchange operations remain paralyzed.

The retailer is trading at $ 79.58, three cents more than yesterday.

So if you could buy a savings dollar, the value would be

$ 132,

with the PAIS tax and the 35% profit surcharge.

The blue dollar started at $ 145, the level of yesterday's close, but is already selling for $ 150 in some small trees.

While the wholesale dollar maintains its upward trend of 0.1% and is trading at $ 75.32,

financial dollars rise again

: cash with liquid increases 1%, to $ 133, and the stock dollar increases 0.6 %, at $ 128.

For its part,

country risk continues to rise

.

This Thursday it increases 4.2% and reaches 1235 basis points.

Yesterday it had climbed 6%.

Thus it leaves behind the trend of last week, when when the success of the debt swap was confirmed, it fell more than 1000 points due to the incorporation of the new bonds to the JP Morgan index that measures the excess rate that Argentina pays for borrowing.

Precisely those titles, those of the new exchange, are the ones that are being hit.

Yesterday they lost 5% and today they fall by a similar percentage.

The poor performance extends to public and private securities.

ADRs, the Argentine stocks that trade on Wall Street, lost around 9% yesterday and today are down about 5%

In Buenos Aires, the Merval heads to another wheel in the red with

drops of 3% at the opening.

AQ

Source: clarin

All business articles on 2020-09-17

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