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What are the 4 Cedears that were saved from generalized losses and what is behind it

What are the 4 Cedears that were saved from generalized losses and what is behind it

Los Cedears – Argentine Certificates of Deposit – closed with widespread losses in the Buenos Aires stock market before the meager performance of the main Wall Street indices a day before the inflation data for the United States is known. However there were some exceptions.

The first of these was Natura, the Brazilian company of beauty and personal care products, which climbed up to 13.4% in the Argentine market. The company said Tuesday that it intends to accelerate the integration of its Natura and Avon brands in Latin America.

“The company is focusing on the integration of its distribution centers and manufacturing capabilities,” Chief Executive Fabio Barbosa said during a conference call with analysts. “That continues and will be even more important as we enter full integration towards the end of the year”he pointed.

Also notable was the rise in Vista Energy (+2.8%), Brasil Food (+2%) and Coinbase (+1.7%). The biggest losses were for Paypal (-13.5%), Mercado Libre (-4.1%) and Harmony Gold (-4%).

For his part, heThe New York Stock Exchange ended slightly lower on the eve of the release of inflation data in the United States and when new talks begin about the debt limit in the White House.

The Dow Jones index fell 0.2%, the technology-based Nasdaq lost 0.6% and the broader S&P 500 index fell 0.5%. at the closing bell.

Source: Ambito

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