Wall Street trades higher this Fridaydriven by the multiple announcements of favorable quarterly results for banks and Argentine stocks listed in New York were no exceptionsince they rise on the US stock market panel by up to 2.4%.
Let us remember that There is no activity this Friday in the local Argentine stock market due to the Cultural Diversity Day holiday, which is commemorated on October 12 every year and was moved to today. It will also not operate on Monday the 16th because the Government decreed a holiday for tourism promotion purposes for that day. For this reason, there is no stock listing on the local panel nor does the S&P Merval operate, but the papers of Argentine companies abroad are listed.
Argentine companies abroad, with good performance
In this sense, it is worth mentioning that Argentine ADRs show good dynamics on Wall Street this Friday, with a positive majority and increases of up to 2.4%, led by Cresud, which climbs 2.38%. Likewise, IRSA rises 1.82% and Banco Macro 1.89%. Meanwhile, some falls are observed, led by the papers of Despegar (-1.88%), Supervielle (-0.99%) and Mercado Libre (-0.81%).
The dynamics of Argentine stocks are in line with the good performance of the financial sectors in the United States and the momentum that some local stocks are having as a result of the search for coverage in a very uncertain and complex electoral context.
Source: Ambito
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