FOREX TradingCharts.com

Financial News: ARGENTINA: Merval Falls Due To Trade War Fears

ARGENTINA: Merval Falls Due To Trade War Fears

03/22/2018 - 19:23:00 (RTTNews)

(RTTNews) - Merval, the main index of the Buenos Aires Stock Exchange, dropped 1.07% to 32,020.94 points Thursday, in line with the negative mood of global stock markets amid fears of a trade war between the United States and China.

President Donald Trump unveiled today that the U.S. would adopt new trade barriers to Chinese products. "This measure comes two weeks after Trump imposed duties on steel and aluminum imports, which is why markets today have reacted badly, because the possibility of the launching of a global trade war," said Eduardo Fern?ndez, an analyst at Rava Bursetil.

Faced with this scenario, Tenaris shares were those that stood out, dropping 9.65%, while Aluar gained 1.74%. Meanwhile, the fall in oil prices impacted Petrobras (-3.12%), YPF (-3.02%) and Petrolera Pampa (-1.86%).

Other shares that closed with heavy losses were Transportadora de Gas del Sur (-4.28%), Agrometal (-3.71%) and Cresud (-2.05%). On the positive end, the highest increases were Holcim (2.88%) and Central Puerto (1.71%).

The locally traded U.S. dollar closed down 0.22%, at Argentinean 20.22 pesos, a subtle drop after a new intervention by the Central Bank of Argentina (BCRA) in the foreign exchange market. According to Gustavo Quintana, an analyst at PR Corredores, the "intense official activity caused a further decline in the dollar with sales in the sector where the big players operate."

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Spain Trade Deficit Narrows In February (10 hr(s), 36 min(s), 04 sec(s) ago)
(RTTNews) - Spain's foreign trade deficit decreased in February from a year ago, as exports gr ...Full Story»

Hungary Wage Growth Eases More Than Forecast (13 hr(s), 23 min(s), 04 sec(s) ago)
(RTTNews) - Hungary's employee wage growth eased at a faster-than-expected pace in February, f ...Full Story»

Turkey Consumer Confidence Improves In April (13 hr(s), 55 min(s), 04 sec(s) ago)
(RTTNews) - Turkey's consumer confidence improved slightly in April after weakening in the pre ...Full Story»

Estonia PPI Inflation Accelerates In March (14 hr(s), 29 min(s), 04 sec(s) ago)
(RTTNews) - Estonia's producer price inflation accelerated in March after easing in the previo ...Full Story»

Germany PPI Inflation Accelerates Slightly In March (14 hr(s), 45 min(s), 04 sec(s) ago)
(RTTNews) - Germany's producer price inflation accelerated for the first time in six months in ...Full Story»

Dutch Consumer Confidence Improves Slightly; Spending Growth Quickens (15 hr(s), 22 min(s), 04 sec(s) ago)
(RTTNews) - Dutch consumer confidence improved marginally in April, while spending growth accelera ...Full Story»

Japan's Tertiary Activity Index Unchanged In February (16 hr(s), 16 min(s), 04 sec(s) ago)
(RTTNews) - Japan's tertiary industry activity showed no variations in February, in line with ...Full Story»

BRAZIL: Economic Agenda Halted Until Election - House Deputy Speaker (44 min(s), 56 sec(s) ago)
(RTTNews) - Proposals included in the Brazilian government's economic agenda, including those ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Spain Trade Deficit Narrows In February

04/20/2018 - 06:36 AM (RTTNews)
(RTTNews) - Spain's foreign trade deficit decreased in February from a year ago, as exports gr ...Full Story>>

Hungary Wage Growth Eases More Than Forecast

04/20/2018 - 03:49 AM (RTTNews)
(RTTNews) - Hungary's employee wage growth eased at a faster-than-expected pace in February, f ...Full Story>>

Turkey Consumer Confidence Improves In April

04/20/2018 - 03:17 AM (RTTNews)
(RTTNews) - Turkey's consumer confidence improved slightly in April after weakening in the pre ...Full Story>>

Estonia PPI Inflation Accelerates In March

04/20/2018 - 02:43 AM (RTTNews)
(RTTNews) - Estonia's producer price inflation accelerated in March after easing in the previo ...Full Story>>

Germany PPI Inflation Accelerates Slightly In March

04/20/2018 - 02:27 AM (RTTNews)
(RTTNews) - Germany's producer price inflation accelerated for the first time in six months in ...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.