Saturday , October 19 2019
Home / argentina / Argentine stocks earn up to 4% on Wall Street

Argentine stocks earn up to 4% on Wall Street

On The industry average Dow Jones was 229.24 points, or 0.99 percent, in 23,291.3 units; S & P 500 progressed 17.32 points, or 0.70 percent, to 2,503.06 units; and Nasdaq received 53.87 points, or 0.82 percent, to 6,638.39 units.

Regarding Argentine securities, the highest increases were recorded by Transportadora de Gas del Norte (3.8%), Banco Frances (3.2%) and Banco Macro (3.1%); while the most significant losses were recorded by IRSA (6.2%), Tenaris (1.1%) and Ternium (0.9%).


On European stock exchanges ended on Monday with a slight increase, the last session of 2018, a year in which between 10% and 20% broke up in the context of Brexit, commercial warfare and fears of growth, such as world markets.

On the year ended as "worse than expected" for markets, Told AFP Daniel Larurutu, executive director of the Diamond Bleu Gestion. "The issues that were concerned were there, but no one imagined that would cause such a significant drop in European indices."

The China-US trade dispute will continue to be one of the main concerns for investors in 2019, in addition to Brexit, the economic slowdown and the attitude that central banks will adopt, "he added.

US stock indexes had a difficult year, with each autumn European indexes following their path.

Wall Street moved up with the announcement of the Federal Reserve of the United States (Federal Reserve), which raised interest rates, which increased the cost of loans to investors, the circumstances of the trade dispute between Beijing and Washington, or the evolution of technological values .

On The fall in oil prices played a role in the evolution of the activities of major European groups while financial values ​​have suffered because of the low European rates and the fight between the European Commission and Rome for the Italian budget.

On the other hand, car manufacturers and industry in the sector are victims of the decline in demand and new pollution regulations.

The European composite index Eurostoxx 50 completed the year slightly below 3,000 points, recording a contraction of nearly 15% for twelve months.

In Paris, CAC 40 registered in 2018 is the worst year since 2011. The Parisian index lost 10.95% of its value. In London, FTSE-100 fell by 12.48% for a year.

In other European places, the falls were similar: in Lisbon -15%, in Amsterdam -10%, in Brussels -20%, in Madrid -15%, in Milan -20% and in Switzerland -10%.

Frankfurt, where the last session was on Friday, Dax noted his fifth worst year in the last thirty years: -18.3%.

In Asia, the Nikkei index in Tokyo lost 12.1%, Shanghai 24.6% and Hong Kong 14%. In contrast to the current, Bovespa de San Pablo has increased 13%.

Source link