^MERV - MERVAL

Buenos Aires - Buenos Aires Delayed Price. Currency in USD
26,536.63
+474.67 (+1.82%)
At close: 5:36PM ART
Stock chart is not supported by your current browser
Previous Close26,061.96
Open26,346.34
Volume0
Day's Range26,056.12 - 26,582.05
52 Week Range22,237.24 - 35,461.52
Avg. Volume0
  • Financial Times2 days ago

    [$$] Argentina’s ex-president answers bribery allegations

    Cristina Fernández de Kirchner, the former president of Argentina, on Monday sought to paint herself as the victim of a conspiracy in the face of bribery allegations that have unsettled markets and led to comparisons with the corruption inquiry that has shaken Brazil. Ms Fernández de Kirchner called for the case to be abandoned in written testimony on the first day of her trial, and took to Twitter to denounce what she claimed was a conspiracy between Mauricio Macri, her successor, his media allies and Claudio Bonadio, the presiding judge. The former president, who ruled from 2007 to 2015 with a fiery brand of populism, is accused of leading a criminal ring that took bribes, at times through extortion, from construction companies in public works projects.

  • Bloomberg4 days ago

    It's America First in Markets as S&P Thrives in Trump Trade Haze

    What had been a worldwide party in global markets has lately been a party of one. With stress breaking out from Turkey to Russia, equities in China bouncing around to the tune of $100 billion a day and talk of contagion everywhere, U.S. shares are turning into the safest bet. The S&P 500 is up 6 percent in 2018 and the rest of the world is down 5.8 percent, the biggest split in four years.

  • Reuters5 days ago

    EMERGING MARKETS-Trade war, domestic politics pressure LatAm currencies

    Major Latin American currencies fell against the dollar on Thursday amid a strengthening greenback and political uncertainty in Brazil as Latin America's largest economy heads into a presidential election. ...

  • Bloomberg6 days ago

    Argentina’s Century Bond Falls to a Record Low

    Argentina’s century bonds fell to a record and the peso sunk to a two-week low as concern grows that a widening graft scandal will derail government efforts to shore up the economy. Yields on the overseas debt due due in 2117 edged up to 9.14 percent early Wednesday, bringing the increase to 0.18 percentage point since July 31, when journalists at La Nacion newspaper published the findings of an investigation into more than a decade of alleged corruption under former President Cristina Fernandez de Kirchner and her late husband. The peso has weakened 0.5 percent in that span to 27.57 per dollar.

  • Reuters7 days ago

    EMERGING MARKETS-Mexico stocks, peso up on NAFTA, Brazil down

    Mexican equities and the peso rose on Tuesday amid signs of progress in the renegotiation of the North American Free Trade Agreement and on the back of a combination of solid corporate results, rising ...

  • Reuters7 days ago

    Argentine stocks tumble as graft probe widens

    Argentine stocks plunged on Tuesday, with banks and energy companies leading losses, as investor concerns grew that a corruption probe that began with more than a dozen arrests last week could touch more companies. Argentina's Merval stock index closed down 3.8 percent, marking the sharpest single-day fall since late June. "Investors are very attentive to news coming out of the judicial investigation that has engulfed politicians and businessmen," local consultancy Portfolio Personal said in a note.

  • Reuters7 days ago

    EMERGING MARKETS-Commodities, corporate results push up LatAm equities

    Equities in Latin America rose on Tuesday, as a combination of solid corporate results, rising commodities prices and a strong day on Wall Street combined to more than erase Monday's losses. In Brazil, ...

  • Reuters21 days ago

    EMERGING MARKETS-China stimulus, positive corporate news push up LatAm equities

    Latin American equities rose across the board on Tuesday after China announced dramatic stimulus measures, with Brazil's benchmark Bovespa index leading gains boosted by positive corporate news as well. ...

  • Reuters26 days ago

    EMERGING MARKETS-Global trade fears weigh on LatAm stocks

    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 ...

  • Reuters28 days ago

    EMERGING MARKETS-Brazil's Bovespa rises on Fed chief's remarks

    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 ...

  • Thirty Is the Magic Number for Argentina's Macri
    Bloomberg29 days ago

    Thirty Is the Magic Number for Argentina's Macri

    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.

  • Reuters29 days ago

    EMERGING MARKETS-LatAm little changed on softer China growth, crude selloff

    (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.

  • CNBClast month

    More pain ahead for emerging markets as trade war gets hotter

    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 Markets Extend Gain as Dollar Loses Traction: Inside EM
    Bloomberglast month

    Emerging Markets Extend Gain as Dollar Loses Traction: Inside EM

    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.

  • MarketWatchlast month

    Stick with U.S. stocks — and avoid these 7 emerging-market traps

    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 End Bleak Quarter With Big Rally
    Bloomberg2 months ago

    Emerging Markets End Bleak Quarter With Big Rally

    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....

  • Reuters2 months ago

    Argentina stocks fall most since 2014 amid emerging markets selloff

    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.

  • Trade War Hits Stocks as $8 Trillion in Bear Market: Inside EM
    Bloomberg2 months ago

    Trade War Hits Stocks as $8 Trillion in Bear Market: Inside EM

    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 ...

  • Reuters2 months ago

    Argentine bonds rebound after touching lowest level of Macri's term

    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.

  • Reuters3 months ago

    Argentine central bank moves to spread out Lebac debt payments

    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.

  • Reuters3 months ago

    EMERGING MARKETS-Argentine stocks climb after Lebac note auction

    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 ...

  • Reuters3 months ago

    Argentine stock, bond markets rise as central bank lets peso float

    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.