FOREX TradingCharts.com

Financial News: ARGENTINA: Galicia's Shares Fall More Than 3%, Weigh

ARGENTINA: Galicia's Shares Fall More Than 3%, Weigh On Merval Index

07/16/2017 - 20:29:00 (RTTNews)

(RTTNews) - Merval, the benchmark stock market index in Argentina, fell by 0.43%, at 21,880.59 points, after a sharp decline in Grupo Financiero Galicia's shares (-3.58%) and the US dollar devaluation. In the week, the Buenos Aires Stock Exchange fell by 0.81%.

According to analyst Mauro Mazza of Bull Market Brokers, losses from Grupo Financiero Galicia reflect rumors that the company will present weak earnings for the second quarter of 2017.

The locally traded US dollar ended 0.58% lower, at 16.85 Argentinean pesos, tracking the currency move in international markets after weak US inflation data.

The uncertain political scene also weighed on investors sentiment ahead of the October legislative elections, after the primary elections campaign was launched today.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


New Home Sales Rise In June (25 min(s), 36 sec(s) ago)
(RTTNews) - U.S. new home sales were robust in June, roughly in line with estimates as interest ra ...Full Story»

UK Economy Expands On Services Output In Q2 (01 hr(s), 56 min(s), 36 sec(s) ago)
(RTTNews) - The UK economy expanded in the second quarter on services output, but the pace of over ...Full Story»

UK Mortgage Approvals Stagnate In June: UK Finance (03 hr(s), 09 min(s), 36 sec(s) ago)
(RTTNews) - Corrects heading The UK mortgage approvals stagnated in June, data published by t ...Full Story»

UK Mortgage Approvals Stagnate In June: BBA (03 hr(s), 13 min(s), 36 sec(s) ago)
(RTTNews) - The UK mortgage approvals stagnated in June, data published by the UK Finance showed W ...Full Story»

RBA Chief Says Rate Cut To Stimulate Inflation Risks Financial Stability (03 hr(s), 42 min(s), 36 sec(s) ago)
(RTTNews) - Any reduction in interest rate to push up inflation could lift asset prices, posing me ...Full Story»

Denmark Retail Sales Drops Slightly In June (04 hr(s), 03 min(s), 36 sec(s) ago)
(RTTNews) - Denmark's retail sales dropped marginally in June, preliminary figures from Statis ...Full Story»

Italy Consumer Confidence Improves Unexpectedly; Business Confidence Falls (04 hr(s), 23 min(s), 36 sec(s) ago)
(RTTNews) - Italy's consumer confidence improved unexpectedly in July, while business confiden ...Full Story»

UK GDP Growth Improves Slightly In Q2 (05 hr(s), 46 min(s), 36 sec(s) ago)
(RTTNews) - The UK economy expanded at a slightly faster pace in the second quarter, preliminary d ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

New Home Sales Rise In June

07/26/2017 - 10:09 AM (RTTNews)
(RTTNews) - U.S. new home sales were robust in June, roughly in line with estimates as interest ra ...Full Story>>

UK Economy Expands On Services Output In Q2

07/26/2017 - 08:38 AM (RTTNews)
(RTTNews) - The UK economy expanded in the second quarter on services output, but the pace of over ...Full Story>>

UK Mortgage Approvals Stagnate In June: UK Finance

07/26/2017 - 07:25 AM (RTTNews)
(RTTNews) - Corrects heading The UK mortgage approvals stagnated in June, data published by t ...Full Story>>

UK Mortgage Approvals Stagnate In June: BBA

07/26/2017 - 07:21 AM (RTTNews)
(RTTNews) - The UK mortgage approvals stagnated in June, data published by the UK Finance showed W ...Full Story>>

RBA Chief Says Rate Cut To Stimulate Inflation Risks Financial Stability

07/26/2017 - 06:52 AM (RTTNews)
(RTTNews) - Any reduction in interest rate to push up inflation could lift asset prices, posing me ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.