In another black day for the markets, Argentine bonds fall more than 4%

The country’s risk rises to 2702 basic points. Argentine stocks also fall.

In another day marked by the fall of the global markets, Argentine bonds fall more than 4% and maintain the negative trend of the last rounds.

The Global 45 falls 4.7%, while the AL 29 loses 2.23% and the AR46 falls 3.11%. With this, the country risk rises again, increasing 1.4% to 2702 basis points.

So far in September, the JP Morgan indicator that measures the excess cost of Argentine debt climbs 13.1%.

Argentine Bondsthey accumulate losses of up to 16% in the month and 40% in the year.

The Buenos Aires Stock Exchange opened with a drop of 1.87% in its main index, the S&P Merval. The volume traded in shares after the opening of operations exceeded $101.3 million.

On Wall Street, almost all Argentine stocks are down. The biggest loss is to take off with the 6.4%, followed by Globant with 4.4% and Corporación América, with 3.9%.

Among the few papers that go up are Transportadora Gas del Sur with 2.9%, Central Puerto with 2.6% and Loma Negra with 1.3%.

The international markets recorded a negative trend this Thursday in most of the main assets.

The main stock markets in the Asia-Pacific region had mixed results, according to the Bloomberg news agency. Japan’s Nikkei index gained 0.95%, South Korea 0.08% and Taiwan 0.51%.

For its part, Hong Kong fell 0.49% and China fell 0.13% in its Shanghai index but grew 0.18% in the Shenzhen.

In Europe, the main stock markets operated with losses: London fell 1.77%; Paris 1.53%, Frankfurt 1.71%; Madrid 1.91% and Italy, 2.40%.

In the New York markets, its main index, the Dow Jones Industrials, lost 1.19%; while the selective index S&P 500 fell 1.85% and the technological Nasdaq fell 2.51%.

The US market woke up lower, leaving part of the gains made the day before, coinciding with the Government’s confirmation that the country’s economy fell by 0.1% in the second quarter of the year and fell at an annual rate of 0.6%.

“We are skeptical that the calmer mood in the markets experienced on Wednesday marks the end of the recent period of high volatility or risk-off sentiment,” said UBS investor Mark Haefele, quoted by the specialized website CNBC.

The São Paulo Stock Exchange, in its main index, Bovespa, fell 0.94%.

Commodities mixtos

Of relevance for Argentina, grain futures were trading on the Chicago Market with a mixed trend: soybeans rose 0.37% to settle at US$ 519.56 a ton in November futures contracts.

Meanwhile, corn fell 0.11% and was traded at US$263.67, and wheat lost 0.11% and was traded at US$331.52 in December contracts.

Regarding the price of oil, West Texas Intermediate (WTI) crude oil, which is listed on the New York futures market (Nymex), gained 0.57% and was traded at US$ 82.62 a barrel in contracts with delivery in November, while Brent, which operates on the London electronic market (ICE), rose 0.32% and traded at US$ 89,61 for delivery also in November.

Lastly, the 30-year United States bond showed a yield of 3.69%, while the 10-year bond yielded 3.74% per year, and the same two-year bond posted a yield of 4.19%.

By Editor

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