However, international markets do operate, pending definitions regarding the debt ceiling of the United States. World stock markets are now focused on the US struggle and declines in Asia were followed by early declines in London, Paris and Frankfurt, where some internal problems resurfaced.
On the other hand, the largest European economy, Germany entered recession. Updated German GDP figures showed the euro zone powerhouse slipped into recession in the early months of the year, while UK bond markets remain reeling from Wednesday’s inflation shock.
Argentine stocks on Wall Street
In that context, the Argentine shares listed on Wall Street fall mostly up to 2.95%. These decreases are led by the ADR of Grupo Supervielle, followed by that of YPF (1.89%) and Loma Negra (-1.75%). Meanwhile, although the papers that rise are few, the jump of Despegar is striking, which climbs 6.37%, followed by IRSA (+1.18%) and Bioceres (+0.74%).
Despegar takes, thus, the post that Bioceres had left this Wednesday, the Argentine stock that had climbed 6% in the previous day on Wall Street, although today it is operating with a slight rise.
Source: Ambito
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