The stock market operates this Tuesday in an uncertain context ahead of the runoff. The energy crisis with fuel shortages also affects prices.
S&P Merval rebounds this Tuesday, October 31, after front wheel collapse. For their part, the Argentine stocks that operate in New York resumes its upward path. This occurs within a framework of uncertainty Facing the runoff that will define the next president.
In that scenario, the index S&P Merval rises 1.4% and stands at 599,987.78 units, after losing 9.7% in the last round. The leading stocks operate with most rises. Those that mark the greatest progress are those of Mirgor (+6%), Macro Bank (+4%) and Cresud (+3%).
The sudden changes in trends are hand in hand with the surprising electoral result in which the official Sergio Massa defeated the liberal Javier Mileicandidates who will face each other in the runoff on November 19.
The uncertainty It is due to the different economic paths offered by the candidates. Follow Sergio Massa The market is concerned that the price regulations, in the midst of a fuel shortage. While the libertarian candidate, Javier Mileihis government plan still raises doubts.
He external context play way adverse prior to the start of a monetary policy meeting two days of Federal Open Market Committee (FOMC) of the Federal Reserve US (Fed).
Argentine shares on Wall Street
The Argentine papers in New York operate with majority of casualtieswith falls from up to 3.4%. The action that loses the most is Edenorfollowed by YPF (-2.5%) and Central Port (-2%). Meanwhile, among those that rose the most are Banco Macro (+1.4%), Despegar (+1.2%) and Cresud (+0.6%).
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
