Annabella quiroga
07/19/2021 4:40 PM
Clarín.com
Economy
Updated 07/19/2021 4:40 PM
Global markets sneeze and as it usually happens, Argentina disarms.
This Monday, world stock markets fall by around 2% under the negative impact of the advance of the delta variant of the coronavirus.
What is registered in the world as a negative figure, in Argentine stocks begins to become dramatic: among the ADRs that are listed in New York,
the losses are close to 10%.
On Wall Street, the most affected role among Argentines is Cresud,
with losses of 9.2%
.
All the national actions are in red: the banks present losses of between 2 and 4%, YPF collapses 3.4% and Irsa falls 5%.
Not even the unicorns are saved: Mercado Libre loses 1.1% and Globant, 0.4%.
At the local level, the Buenos Aires stock market opened with a drop of 2.5% and was cutting with the passing of the hours: a few minutes after closing the Merval
yields 1.35%
.
The central panel is trading 90% down and the biggest drop is also for Cresud with 5.6%.
World stock markets fell this Monday, especially in Europe, in a session marked by growing concern due to the Delta variant of the coronavirus and the rebound in cases in the Old Continent, which
also hits oil.
After a day in which most of the indices in Europe
fell by more than 3%
, Paris closed down 2.54%;
London, 2.34%;
Frankfurt, 2.62%;
Milan, 3.34%;
and Madrid, 2.40%.
In the middle of the afternoon, Wall Street registered similar figures
: the Dow Jones star index lost 2.52%
, while the Nasdaq fell 1.38% at the opening.
Asian markets also closed their session on Monday with losses due to
high inflation in the United States
and the spread of the Delta variant of the coronavirus.
"Fears about future (economic) growth with the advance of the Delta variant are certainly
cause for concern,
" acknowledged Sebastian Paris Horvitz, analyst at LBPAM.
Hit the country risk
Country risk, the JP Morgan indicator that marks the excess rate that Argentina would pay if it could take on debt,
rises 2.1% and reaches 1,621 basis points
.
It is the highest level since March 11, when it had touched 1631 points.
Since that peak in March, the country risk has been falling until reaching
a floor of 1460 points on June 7.
From there it began to rebound until three weeks ago it peeked above 1600 points again.
It had a new setback and today, with the markets in crisis, it rises above that top again.
This occurs simultaneously with the jump in the blue dollar, which this Monday
returns to $ 180
.
This brings the gap against the official dollar to 87%, an uncomfortable area for the Government because it threatens to put greater pressure on inflation.
AQ
Look also
The Government goes out to take debt for $ 110,000 million
An electorate that has naturalized almost everything, except its pocketbook?
