The stock index BYMA S&P Merval lost 0.6%, to 121,866.84 unitsafter falling 3.8% on Friday and marking a historical maximum level of 130,650.78 points on Thursday.
The benchmark leader accumulated a rise of 7.6% during the past week and ended July with a rise of 38.53%.
The President of the Chamber of Deputies, Serge Massa, It will take the reins of the Ministry of Economy, which will now encompass the economic, productive and agricultural areas. “Massa’s entry as super-minister of the economy brought calm to the markets and hope to some investors”, commented from EconViews.
They added that “However, there are still many doubts as to whether Massa is clear that the economic measures to reduce the fiscal deficit or lower the exchange gap imply political costs that require strong support from Kirchnerism (part of the ruling party), and it is not known if have”.
Source: Ambito
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