The price of Argentine companies listed on Wall Street in a week marked by holidays both in the United States and in Buenos Aires.
Meanwhile, the country risk is one tenth above last Friday’s close, at 1,382.
Reuters
The papers of Argentine companies listed in New York They fall this Monday, June 17, on a day marked by the national holiday, so there is no operation in the local market.
In that sense, The ADRs of national companies listed on the New York Stock Exchange (NYSE) follow the trend of that market, which is losing its three main indices. In a holiday-shortened week, U.S. investors will be watching comments from Federal Reserve officials and data from various economic reports that could help determine whether inflation is likely to continue its downward path. Markets in that country will be closed on Wednesday for the Juneteenth national holiday.
The real estate market will gain greater clarity with the release of data on existing home sales, home construction starts and builder confidence, in parallel with earnings reports from builders Lennar (LEN) and KB Home (KBH). Supermarket chain Kroger (KR) is also expected to report this week as it continues to work toward approval of its merger with Albertsons (ACI).
Argentine ADRs
The main losses are for Macro Bank which cuts -3.4% followed by Supervielle Bank which does so at -2.9%. Pampa Energía falls -2.4%; YPF -2.4% and Central Puerto -2.1%.
Meanwhile, the increases are for Tenaris (+0.9%); Telecom Argentina (+0.4%); irsa (+0.3%) and Cresud with +0.2%.
Meanwhile, the risk country It is located one tenth above last Friday’s close, at 1,382.
News in development.-
Source: Ambito
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