|Day's Range||26,794.75 - 27,349.90|
|52 Week Range||20,845.22 - 35,461.52|
World trade tensions pressured Latin America's major indexes on Thursday, falling in line with other global markets, after the European Union said it was preparing possible retaliatory measures if the ...
Brazil's benchmark index rose on Tuesday to its highest level in about six weeks after the head of the U.S. Federal Reserve sounded an upbeat tone on the U.S. economy that reinforced the scenario of a ...
Argentina has a new refrain: 30 — it’s a magic number. Just after President Mauricio Macri completed 30 months in office, inflation looks set to jump to a staggering 30 percent by the end of the year. It’s all an unfortunate confluence for Macri, who swept to office in 2015 vowing to jump-start the economy by enticing foreign investment and slashing inflation.
(Updates prices) By Bruno Federowski BRASILIA, July 16 (Reuters) - Latin American stocks and currencies were mostly flat on Monday, as a slide in global crude prices and softer economic data in China dampened investor appetite for risk following weeks of losses. China's economy grew at a slower pace in the second quarter as efforts to contain debt hurt activity, while June factory output growth weakened to a two-year low in a worrying sign for investment and exporters as Beijing's trade war with the United States intensified. Emerging market assets have taken a beating in recent weeks amid intensifying trade tensions between the United States and China.
The iShares MSCI Emerging Markets exchange-traded fund (EEM) is down more than 7 percent for the year as trade tensions between the world's largest economies intesify. Among the biggest decliners in emerging markets were Argentine, Turkish, Brazilian and Chinese shares. “This really resulted from the escalation in trade tensions on multiple fronts,” says one analyst.
Emerging-market stocks and currencies extended gains into a third day as the U.S. dollar resumed losses amid a lull in the trade war.
Once again, the U.S. stock market is getting choppy. Yes, most economists and investors with a brain admit that escalation of global trade-war talk is a net negative for all parties. After all, market research firm FactSet reported in its latest Earnings Insight that second-quarter earnings are expected to rise 19% across the S&P 500(^GSPC) components.
Emerging markets joined a rebound in riskier assets after a selloff that drove stocks and currencies to their worst quarter since September 2015 amid escalating tensions between Washington and Beijing....
Argentina's benchmark MerVal stock index closed down 8.8 percent on Wednesday, its worst daily performance since early 2014, as concerns about trade tensions between the United States and China prompted a selloff across emerging market assets. The MerVal touched its lowest since November 2017 and has now erased its gains from last week, when stocks rose on MSCI's announcement it would upgrade Argentina to its emerging markets category, from frontier markets previously. Argentina has been among the emerging markets most affected by a flight by investors to safe-haven assets as the U.S. Federal Reserve hikes interest rates.
The rout in emerging markets deepened as investors sifted through the latest remarks from the Trump administration on protectionist measures, with currencies slumping and stocks on pace for their worst ...
Stocks in developing nations slumped as heightened concern that a trade war will sap global economic growth put equity gauges worth $8 trillion in a bear market. Currencies also retreated and are heading ...
Argentine bonds touched their lowest levels of market-friendly President Mauricio Macri's term on Tuesday, adding to weeks of losses during a run on the peso currency, but rebounded in a volatile trading session. Argentina's country risk - a measure of the difference between its bond yields and those issued by other countries - rose as much as 27 points to a 33-month peak reached during former populist President Cristina Fernandez's administration when the country was in default. A broad sell-off in emerging market assets has contributed to the run on the peso that prompted Argentina to turn to the International Monetary Fund for a $50 billion financing deal.
The Brazilian real firmed on Monday, taking a breather from the sharp swings it saw last week on rising trade tensions overseas and the central bank's intervention to bolster the currency. The real posted its largest daily gain on Friday in a decade after central bank chief Ilan Goldfajn said the bank could offer as much as $20 billion worth of new currency swaps, which function like dollar sales for future delivery, to provide liquidity and cushion the currency's selloff earlier last week. Goldfajn's remarks helped to curb losses in the Brazilian real, which after weakening around 10 percent this year ranks as Latin America's second-worst performing currency.
Argentina's central bank moved on Wednesday to improve its debt profile by offering to swap some of its one-month Lebac securities for paper of longer duration, the bank said in a statement. If the swaps succeed in extending payments, which have obliged the bank to take a hard once-a-month blow to its reserves, the bond market may take the move as a needed financing improvement for a country ailing from high inflation and uncertainty about the stability of its peso currency. "It's worthwhile to make a small effort to re-profile the Lebacs to avoid having such a high concentration of maturities in the short term," central bank chief Federico Sturzenegger said in an address to economists on Wednesday.
Argentina's stock market climbed on Wednesday after the central bank held a successful auction of its Lebac notes the previous day, but the peso ended slightly weaker as the bank sold no dollars on the ...
Argentina's stock and bond markets rose on Wednesday while the peso ended slightly weaker after the central bank allowed the currency to float freely, choosing to sell no dollars on the spot market despite an earlier intervention offer. It was the first trading session since May 9 that the bank did not sell reserves in a bid to prop up the peso, which has weakened by 15.44 percent so far this month. President Mauricio Macri called a news conference to say he considered the recent turbulence in the foreign exchange market to be over and called on his own administration to quicken the pace of its deficit-cutting program.
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.
Argentina's central bank sold $1.1 billion in the foreign exchange market on Friday and the peso weakened 2.74 percent to an all-time closing low of 23.35 per U.S. dollar despite talks aimed at securing an International Monetary Fund financing deal. Argentina requested a "high access stand-by arrangement" from the Fund earlier this 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 as well as stop the peso slide.
Argentina's peso was stable after the central bank sold foreign currency reserves in the spot market on Thursday for the first time since the country announced it was seeking financing from the International Monetary Fund (IMF) earlier this week. Stocks and bond prices also rose on Thursday, the first session after the government said it would request a "high access standby" financing deal from the IMF as Argentina tries to tackle one of the world's highest inflation rates amid general outflows from emerging markets.
Argentina's MerVal stocks index shot higher on Wednesday, just a day after the government said it had initiated financing talks with the International Monetary Fund that are likely to "take weeks." ...
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's peso currency opened stable at 22.6 per U.S. dollar on Wednesday while the Merval stock index rose 3.7 percent a day after the government said it had initiated financing talks with the International ...