Sunday , April 18 2021

Argentine stocks on Wall Street, affected by the collapse of oil, fell to almost 3.5%



Argentine stocks traded on Wall Street moved into negative territory on Friday and fell to 3.5% as part of a day with limited volume, as the New York Stock Exchange traded only half a wheel, the day after has no activity for the holiday of Thanksgiving.

The losses of the Argentine newspapers are led by Tenaris (-3.5%); Free Market (-2.9%); and Edenor (-2.8%). The latter are affected by the sharp drop in oil in international markets. Likewise, the main increases were registered by Irsa (2.4%), Banco Galicia (1.9%) and Irsa Properties (1.6%).

Brent oil's benchmark fell more than 4 percent to hit its lowest level in more than a year, though producers have seen output cut to contain a global surplus.

• Wall Street

US stocks fell on Friday in a reduced session following the Thanksgiving holiday, dragged down by the collapse of the energy sector due to persistent weakness in oil prices, and the S & P 500 index confirmed its second correction of 2018.

O The Dow Jones industrial average fell 178.74 points, or 0.73%, to 24,285.95 units; while the S & P 500 lost 17.37 points, or 0.66%, to 2,632.56 units. The Nasdaq, on the other hand, fell 33.27 points, or 0.48%, to 6,938.98 units.

Brazil

The main index of Brazilian stocks fell on Friday and was on track to close the low week, with Petrobras and Vale among the most falling due to falling commodity prices.

However, Banco do Brasil's shares rose due to expectations regarding the composition of the next government.

The benchmark index of the São Paulo Stock Exchange, Bovespa, fell 1.5 percent to 86,169.23 points, increasing weekly losses to more than 2 percent. The real, meanwhile, depreciated 0.22% to 3.8135 units per dollar.

Wall Street has resumed trading on Friday after the Thanksgiving holiday, but the session will be shorter.

In a note to clients, analyst Jasper Lawler of the London Capital Group said worries about global growth and trade tensions with China are pushing metal prices as oil prices are plagued by concerns over excess. of supply and before a worsening economic outlook.

Shares of state-controlled Petrobras fell 3.7 percent, in line with the sharp decline in overseas oil prices, which were trading at lower prices in 2018, and a new phase in the market. operation "Lava Jet".

Shares of mining giant Vale fell 5.11%, accompanying other shares of mining companies that traded in the European market after falling iron ore prices in China and other metals.

Bank of Brazil shares gained 1.19 percent after comments by economist Rubem Novaes, who will chair the bank under Jair Bolsonaro, who plans to use the capital markets in privatization processes within the financial institution.

BRF shares fell 2.67%, after an increase in the two previous rounds, a period in which accumulated a recovery of 11.6%.

• Europe

O top European shares close on gains this Friday except London, affected by falling oil prices.

London fell 0.11% to 6,952.86 points. Frankfurt gained 0.49%, finished at 11,192.69 points. Paris rose 0.18% to 4,946.95 points. Milan won 0.60%, closing at 18,715 points. Madrid gained 0.12%, closed at 8,916.70 points.


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