On a day without markets in Argentina, Country Risk continues its bullish trend



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On a day when local markets for currencies, stocks, bonds and grain remained closed for the prenatal holiday of the bridge, the country's country risk – as measured by JPMorgan Bank advanced about 14 units in 16 and was located in 831, the highest number of administrators of Mauricio Macri.

This number puts the indicator at the highest levels since October 16, 2014, when it reached 833 points. "The best thermometer to measure investors' mistrust remains the country risk"said the economist. Gustavo Ber, from Estudio Ber. "This clearly reflects the current inability to return to voluntary debt markets, something that must be reversed before the resources contributed to Argentina by the IMF run out," he added.

In international markets, however, Wall Street opened Monday at a loss and the Dow Jones, its main indicator, remained more than 1%, in reduced session for the holidays. So did a series of defeats that ended the worst week in a decade on Friday, amid concerns about the growth, the threat of a standoff in Washington, and a trade war.

Calculating the average of the wheel, Argentine stocks operated differently on Wall Street. Among the ADRs of local companies, the rise of Corporación América (6.3%) stands out. The main drops were for MercadoLibre (-10.1%), Pampa Energía (-5.9%) and Banco Supervielle (-5.1%).

On the other hand, European stock markets closed mostly in the fall, with falls of about 1%. "It has been an extraordinarily bad business week for the financial markets in the middle of Concerns about rising interest rates in the United States, the slowdown in global growth, the uncertainty of Brexit and the chaos in Washington, "he said. Lukman OtunugaResearch Analyst FXTM.

With Reuters information

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