Argentine stocks fall on Wall Street amid the local bank holiday

Argentine stocks fall on Wall Street amid the local bank holiday

However, the Argentine papers that are listed on Wall Street are in operations, and are trading with the majority of drops of up to 2.4% led by Edenor, followed by Grupo Financiero Galicia (-1.2%), Grupo Supervielle (-0.9%) and Banco Macro (-0.9%). On the other hand, IRSA (2.5%), Cresud (0.2%) and Loma Negra (0.1%) advance.

Meanwhile, sovereign bonds operate with average increases of 0.2% and the risk country It remains at 2,525 basis points.

Wall Street on the rise

Wall Street was slow to gain traction early Monday as earnings season begins to wind down and some economic data is released this week in Washington on inflation and employment in the United States.

He Dow Jones gains 0.2%, while the S&P 500 It also advances 0.2%. For his part, the Nasdaq 100 climbs 0.3%.

The stock prices have risen on growing hopes that the Federal Reserve will finally end its interest rate hikes, that have put so much pressure on the market and whose objective is to control inflation. A report released Friday underscored that pressure on rising prices is easing, showing that employers hired fewer workers last month than economists expected.

It is worth remembering that, last Friday, Wall Street closed its best week in almost a year. The S&P 500 rose 0.9%, after rising every day last week. The Dow industrials gained 0.7% and the Nasdaq composite soared 1.4%.

Wall Street, Europe and other markets

Oil prices push higher after Saudi Arabia and Russia They will reiterate their commitment to maintain cuts in crude oil supply at more than 1 million barrels per day until the end of the year. Furthermore, the Israeli army announced late Sunday who had surrounded Gaza City and cut the besieged coastal strip in two, almost a month after the conflict worsened.

In Europe, the German DAX loses 0.3% and the CAC 40 in Paris falls 0.5%. The British FTSE 100 lost 0.2%. The latest surveys of factory managers showed a deterioration in business activity, reinforcing concerns about slowing growth in Germany, France and other major economies.

In Asiastocks rose on Monday after Wall Street benchmarks got a boost last week by the hope of a quick reduction in interest rates.

South Korean stocks rose 5.7% to 2,502.37 points after the government reinstated a ban on short selling in order to prevent the illegal use of this trading tactic, often used by investment funds. coverage and investors. Short selling involves selling borrowed shares to buy them back cheaper and profit from falling prices.

The Japanese Nikkei 225 index gained 2.4%, to 32,708.48 points. However, the country’s services activity expanded in October at its slowest pace this year, raising concerns about weakness in a key sector that drives Japanese economic activity.

The Bank of Japan is gradually moving toward tightening its monetary policy, as its chief executive declared Monday that the country has made progress toward achieving its inflation target. However, BOJ Governor Kazuo Ueda stated on Monday that the change was not enough to raise his near-zero interest rate stance.

Hong Kong’s Hang Seng added 1.7% to 17,966.59 points, and the Shanghai Composite index rose 0.9% to 3,058.41 points. The Australian S&P/ASX 200 rose 0.3% to 6,997.40 points. The Indian Sensex rose 0.8% and the Bangkok SET rose 0.3%.

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts

Refugees need three years to find a job

Refugees need three years to find a job

The refugees of 2015/16 mostly found low-wage jobs. Image: VOLKER WEIHBOLD The hurdles in the Austrian labor market for refugees are too high. This is