|Day's range||27,656.57 - 29,100.05|
|52-week range||20,461.53 - 35,461.52|
Argentine stocks bore the brunt of the pain after a flurry of top government changes over the weekend deepened uncertainty for key sectors. The peso erased early gains. The appointment of Luis Caputo to helm the central bank also led to policies seen by some analysts as negative for banks.
The International Monetary Fund said on Monday a target exchange rate for the peso will not be a condition of a financing deal with Argentina, as the currency closed more than 6 percent weaker at a record low of 25 per U.S. dollar. Argentina requested a "high access stand-by arrangement" from the IMF last week after the peso depreciated rapidly, prompting the central bank to sell reserves and hike interest rates to 40 percent in a bid to contain one of the world's highest inflation rates and stop the peso's slide.
President Donald Trump just lit a fire under oil prices and big energy stocks. It should also be good news for economies overseas that are heavily tied to the oil price. The Dow Jones Industrial Average has risen 137.74 points, or 0.6%, to 24,497.95, while the S&P 500 has gained 0.7%, to 2691.13 and the Nasdaq Composite is up 0.6% at 7309.57.. Elsewhere, the humorous moment of the day comes courtesy of Argentina, whose Merval stock-market index suddenly boomed 6% on hopes that the international community, in the form of the International Monetary Fund, will bail the country out of its latest financial crisis.
Argentina looked good for emerging market bond lords and distressed asset investors in late 2017. Everyone believed in the government of Mauricio Macri. Argentina was going to come back, and indeed was already returning to the capital markets with welcoming arms.
State-owned China Southern Power Grid Co. is considering a bid for a stake in Argentina’s largest power-transmission operator that could fetch about $400 million, according to people with knowledge of ...
Global markets started the New Year on a strong note, notching up record gains.
Companies operating in Argentina are looking at a new way to deepen their ties to the country and access capital: list locally.
NEW YORK, Oct (Shenzhen: 000069.SZ - news) 23 (Reuters) - U.S. stocks opened at record highs on Monday after Japanese Prime Minister Shinzo Abe's emphatic win in weekend polls, while U.S. Treasury 30-year bond yields hit session lows. The overwhelming election victory for Japan's ruling party also sent the dollar to a three-month high against the yen, as investors bet the win would mean a continuation of "Abenomics," the ultra-loose policies that have kept downward pressure on the yen.
Argentina's stock market also took a hit, with the Merval index falling nearly 5 percent and on track for its worst day since June 19, 2014.