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ADRs plunge 7% on Wall Street; country risk above 2,400 points

ADRs plunge 7% on Wall Street;  country risk above 2,400 points

Argentina’s Global bonds operate with marginal losses, in a remarkable month of November in which they accumulate an average improvement of 12 percent. The risk country increases an integer, to 2,442 points basic, after operating three days below 2,400.

New York Stock Exchange

Wall Street is negative in a context where the eyes of investors are posts in China and its coronavirus upticks.

in the day, the Dow Jones falls 0.4 to 33,625.07while the selective S&P 500 loses 0.7% to 3,938.97 units and the market composite index Nasdaq, where the main technological companies are listed, it yields 1.1%, up to 11,022.46 points.

China, which applies a severe “zero tolerance” policy towards the coronavirus, In recent months, it has suffered waves of outbreaks attributed to the omicron variant that have caused record numbers of infections not seen since the start of the pandemic in the first half of 2020.

“All eyes are on China,” Hani Redha, a portfolio manager at PineBridge Investments, said in statements reported by The Wall Street Journal.

european stocks

In the same way, European stock markets, which started the day negative, are beginning to register gains. Frankfurt loses 0.56%; Paris, 0.11% and Milan 0.3%; while London rebounded 0.04%.

Meanwhile, the Ibex 35 puts aside the losses registered at the opening of this Monday, when the alarms went off in the European stock markets due to the increase in coronavirus cases in China. Thus, in the middle session, the national index adds 0.32% and reaches 8,153.84 points with all the values ​​of the banking sector and most of the energy ones positive.

Source: Ambito

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