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Montevideo, July 21st 2018 - 04:14 UTC

Tag: Merval

  • Tuesday, June 19th 2018 - 08:35 UTC

    Argentina shores the Peso, stock market tumbles, ahead of 'Super Tuesday'

    Argentina's benchmark stock index tumbled on Monday by more than 8% in it its biggest one-day percentage loss since December 2014.

    Argentina's peso rose sharply on Monday as a new central bank chief took his first moves to shore up the battered currency, while escalating fears of a damaging trade war between the United States and China drove Latin American stocks down. The Argentine peso jumped after the central bank said it will hike bank's reserve requirements in a move expected to tighten local-currency liquidity after the latest run on the peso.

  • Friday, May 11th 2018 - 06:29 UTC

    Argentine stock market climbs 6% and the exchange market operates cautiously

    Finance Minister Luis Caputo said the IMF deal would guarantee financing through the end of President Macri's first term in December 2019

    Argentine equities rallied on Thursday, while the country's peso currency was stable, as the central bank sold foreign currency reserves in the spot market for the first time since the country announced it was seeking financing from the IMF.

  • Thursday, May 10th 2018 - 08:20 UTC

    Argentine congress passed capital market reform bill; Merval up 6%

    Argentina's benchmark Merval stock index reacted strongly and was up nearly 6% on Wednesday afternoon.

    The Argentine Congress passed the government's capital markets reform bill on Wednesday, seeking to boost a troubled economy by reducing the power of market regulators and loosening restrictions on some funds investing in Argentina. Investors and economists consider the reform bill key to President Mauricio Macri's effort to boost investment in the country, whose capital markets are far smaller than regional peers.

  • Saturday, January 6th 2018 - 09:45 UTC

    Argentine stock market reaches a new record, 13th session running of gains

    Friday's stock market rise occurred in spite a temporary profit-taking again during the midday

    Good and not so good news from Argentina. Merval, the main index of the Buenos Aires Stock Exchange, rose 0.79% to 32,505.59 points on Friday, a new settlement record that marked the 13th consecutive session of gains to the Argentine stock market. Merval had a weekly gain of 7.11%.

  • Friday, December 29th 2017 - 09:38 UTC

    Argentina's Merval breaks the 30.000-point barrier and ends 2017 gaining 77%

    Analysts said that the revised economic targets and the fact that President Macri managed to pass all the promised reforms in Congress helped traders' optimism

    Merval, the benchmark stock market index in Argentina, ended Thursday's last trading session of 2017 above the 30,000-point barrier for the first time in history. The index rose 2.84% to 30,024.24 after the local government increased the inflation target for the next couple of years, but reinforced its commitment to lower fiscal deficits in the future.

  • Thursday, December 28th 2017 - 10:18 UTC

    Argentina's stock market Merval has gained around 75% in the last twelve months

    Analysts pointed that up to this point in December the Merval has gained 9.34%. Compared to a year before, the index is up around 75%.

    Merval, the benchmark stock market index in Argentina, rose 0.25% to 29,260.33 on Wednesday, reflecting investor optimism that the Senate would pass the 2018 budget and a tax reform. It was the seventh consecutive increase of the index.

  • Friday, December 22nd 2017 - 09:56 UTC

    Argentina: Approval of reform bills triggers markets

    The president Mauricio Macri administration expects the economy to grow around 3% this year following a 2.2% percent contraction in 2016.

    Merval, the main index of the Buenos Aires Stock Exchange, rose 1.51% Thursday, closing at 28,494.01 points - close to exceeding the maximum of the year, by 28,500 points. The Argentine stocks were driven by the approval of the pension and tax reforms passed this week in the House of Representatives.

  • Saturday, November 12th 2016 - 21:24 UTC

    Trump wave keeps Merval on the fall for a total 9.25% drop in a week

    No recovery for Buenos Aires Stock Exchange with Trump presidency coming up

    The index of the leading shares of the Buenos Aires stock market returned to adjust results in 3.51% and accumulated thus four rounds of losses for a total drop of 9,25% sice Monday. The Merval started the week with 17,257.56 points and dropped Friday to 15,659.74 points, with significant decreases except for Tenaris, which managed to stay away from the trend of US-based businesses thanks to a positive balancesheet produced last week.

  • Thursday, December 11th 2014 - 12:46 UTC

    Falling world oil prices shatter Argentine stocks for second day running

    The Merval stock index in Buenos Aires shed more than 600 points to 8,279.04, after losing 7.22% Tuesday.

    Argentine stocks closed down 6.85% Wednesday, weighted down by falling oil prices for a second day of heavy losses. As oil prices sank to new five-year lows, the Merval stock index in Buenos Aires shed more than 600 points to 8,279.04, after losing 7.22% Tuesday.

  • Friday, October 3rd 2014 - 07:17 UTC

    Buenos Aires stock market plunges 7.2%, and the US dollar recedes slightly

    Markets are still uneasy waiting for the new rules of the game to be managed by Vanoli

    The day after Argentina's central bank governor Juan Carlos Fabrega stepped down, investors expressed their pessimism as Buenos Aires City stock market, Merval, which plunged 7.2% to 10,703.32 points on Thursday.

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