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15 Articles
CNN Radio Argentina (CNN Radio Argentina) – Economist Julio Calcagnino spoke this Wednesday with Julieta Tarrés' CNN Economía y Actualidad about the market's reaction to Cristina Kirchner's conviction and the country's current economic situation. “The local market had a listless day, both locally and internationally. Argentina stood out somewhat from the rest of Latin America, which had a decent day, while the Argentine market was bearish,” he s…
The Straits Times
Argentine market traders cautiously cheer 'future without Cristina'
BUENOS AIRES/NEW YORK - Argentine traders cheered on Wednesday a court's political ban on populist former President Cristina Fernandez de Kirchner, a powerful but divisive politician who often clashed with investors and creditors. Read more at straitstimes.com.
The shares ended on Tuesday with increases of 7%. Although the market closed before the decision of the Supreme Court was known, there was already the expectation that the sentence of Cristina Fernández de Kirchner would be confirmed to six years of effective imprisonment and disqualified to hold public office permanently, a news that changes the Argentine political scenario. However, the actions today recede by taking profit. The Buenos Aires S…
Wall Street closed mixed, with the S&P 500 (-0.29%) breaking a three-day upswing, despite encouraging inflation data and a tentative trade deal with China.In Argentina, the BCRA expanded the Repo by $2,000M to 8.25%, while the CSJ confirmed CFK's conviction, preventing it from running.The dollar remained stable (CCL $1,189,90, MEP $1,186,90), but the ARS curve showed sales pressure at Friday's bidding.The security rate rose to 33.02% TNA for bai…
The officer, the futures, the CCL and the blue go down, but the MEP rises in the local market after the details given by Luis Caputo and Santiago Bausili about the announcements and the ruling of the Supreme Court of Justice that ratifies the conviction and disqualification of the former president.
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