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With the dollar up about $ 46, Argentine equities show mixed results country risk slows down after starting the day with a 2% increase. In the middle of the afternoon, this indicator is returned to 924 basis points, down 0.2% from the end of last week.
The zigzagging of country risk – the indicator that measures the surtax that Argentina pays to borrow – reflects investors' distrust of local newspapers, which, in the face of uncertainty, prefer to do business more mature markets.
What happened today? We tell you the most important news of the day and what will happen tomorrow when you get up
Monday to Friday afternoon.
Following the announcement of the increase of Donald Trump as of Friday 10 to 25% tariffs for the import of products from China, global markets have shown negative results so far this day. The Dow Jones index loses 0.8% and the Nasdaq, 1%.
Pessimism came to SARD, the papers of Argentine companies listed in New York, which started with losses of up to 4% but recovering ground. Banks began with heavy losses, but at noon they reversed: Supervielle, French and Macro rose between 0.5% and 0.9%. Of the 19 Argentine companies that make up this panel, 16 torn in red. But the market was improving expectations and mid-term only 6 are clbadified as weak.
At the local level, the Merval started with a drop of 1.4% but was going down with the minute race. At noon, he was already getting up, with an increase of 1.9% in the day and 11% in the month. 90% of the actions on the panel increase.
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