The shares of Argentine companies listed on NY operate with a majority of casualties this Monday, August 21, on a day in which there are no movements in the local market due to holiday due to step to the immortality of General José de San Martín.
In this framework, the Argentine ADRs they detach themselves from the positive sign of the New York indices and operate with falls of up to 2.7% led by Telecom Argentina, Pampa Energía (-2.4%), Loma Negra (-2.3%) and Banco Macro (-2, 2%). Meanwhile, Mercado Libre with an increase of 1.6%, Ternium (1.3%) and Irsa (1.1%) operate in the opposite direction.
For their part, sovereign bonds that are traded abroad, meanwhile, are also trading with slight increases of up to 0.2% led by Bonar 2041, Bonar 2038 and Bonar 2035. Globals are also trading with slight drops, up to 0.8% where Global 2046 and Global 2041 stand out. Thus, the country risk measured by JPMorgan operates stable at 2,128 basis points.
The outlook on Wall Street
The us stocks are trading slightly higher as investors try to prevent this week’s losing streak in markets from extending amid interest rate jitters.
Wall Street opened this Monday in the green and the Dow Jones Industrials, its main indicator, rose 0.18%, when the New York stock market tries to rebound after another weekly fall. In this context, the Dow Jones stood at 34,563 units and the selective S&P 500 added 0.52%, up to 4,392 points.
For its part, the composite index of the Nasdaq market, in which the main technology companies are listed, rose 0.86%, to 13,405 integers.
He nasdaq closed the previous week with a drop of around 2.6%, for the third week in a row, something not seen since December.
Meanwhile he Dow Jones closed the week with a drop of 2.2%, its worst streak since March andI S&P 500 it fell 2.1% and registered its third consecutive negative week, something that had not happened since February.
This week investors will analyze the business results of companies such as Macy’s, Nordström and Nvidia. Also, on Friday morning Federal Reserve Chairman Jerome Powell will address the central bank’s annual symposium in Jackson Hole, Wyoming.
By sectors, green reigned, the pmain profits were for the technological and that of non-essential goods, with increases of 1.18% and 0.92%, respectively, while the biggest losses were for real estate and public services, which fell by 0.52% and 0, 41%, respectively.
Source: Ambito
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