Country risk increased again and reached 829 points, the highest level in four years, so that the financial world closely follows its movements in the last week of the year. In Argentina, financial markets did not operate on Monday because it was a day off, but abroad local assets cited in the middle of a worrying day to the main foreign places.
At the local level, the risk represented by JP Morgan once again turned on the warning lights, recording increase of 0.9% and approaching 830 points. Driven by investors' mistrust of Argentina, the indicator was at the highest levels of the last four years. So far this year, the index accumulated increase close to 137% and in the last month of 2018 the increase was around 18%.
On Wall Street, Argentine stocks could not avoid a new negative trend that has dragged the main indicators of this financial benchmark. The admissions of local companies dropped almost 10% as the case of Free Market, while those of Supervielle plummeted 6.6%; Pampa energa, 5.9%; and Banco Francs, 3.5%.
In addition, this occurred in the middle of a highly negative day on the New York Stock Exchange, which closed again in decline after having recorded its worst week since 2008 in a market affected by each of the oil prices and difficulties in Washington, prompting alarms from financial analysts.
According to final closing results, the stock market index, the Dow Jones Industrial Average, lost 2.91% to end at 21,792.20 points, its lowest level since September 2017, and the Nasdaq, of strong printing technology, I gave 2.21%, to close at 6,192.92 points. The S & P 500 extended index fell 2.71% and finished at 2,351.10 points, its lowest level since April 2017.