FOREX TradingCharts.com

Financial News: ARGENTINA: Merval Rises 1.24% To Break Above 27,000

ARGENTINA: Merval Rises 1.24% To Break Above 27,000 Points

10/10/2017 - 22:58:00 (RTTNews)

(RTTNews) - Merval, the main index of the Buenos Aires Stock Exchange, rose 1.24%, closing at 27,100.30 points, returning to the 27,000-point level after the International Monetary Fund (INF) has raised Argentina's growth forecasts.

"After two consecutive sessions falling, the Merval rebounded and already accumulated a 3.8% increase so far in October," said Viviana Bonifati, an analyst at Intervalores.

For 2017, according to the IMF, the Argentinean GDP growth estimate was raised to 2.5, from 2.4% in the previous report. For the next year, IMF also estimates a 2.5% growth, from 2.2% before.

Meanwhile, the Ministry of Energy released new data today revealing that Argentina's oil production fell by 6% in August on an annual basis, while gas extraction decreased by 0.83% in the same comparison. Year-to-date, oil output receded 7.7%, while gas production dropped 1.02% between January and August.

At the end of the session, the central bank of Argentina decided to keep its main interest rate unchanged at 26.25%, given that economic data suggest that during September core inflation would not have broken the levels observed since May, while the overall index would be affected by regulated price increases.

The shares of Transener (-2.43%), TGN (-1.42%), and TGS (-1.31%) fell, while Agrometal (+6.63%), Cistanera (+5.26%), and Mirgor (+4.65%) rose.

The locally traded U.S. Dollar, meanwhile, reversed the slight rise it obtained earlier and fell 0.11%, closing at 17.42 Argentinean pesos. The session was marred by the low volume operated due to yesterday's holiday in the United States.

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


BRAZIL: Ibovespa Loses Momentum, But Closes Higher On Friday (11 min(s), 59 sec(s) ago)
(RTTNews) - The Ibovespa lost steam at the end of the trading session but kept rising (+0.14%), cl ...Full Story»

ARGENTINA: Merval Rises 0.84% Ahead Legislative Elections (51 min(s), 59 sec(s) ago)
(RTTNews) - Merval, the main index of the Buenos Aires Stock Exchange, rose 0.84% Friday, closing ...Full Story»

COLOMBIA: Colcap Drops 0.28% On Bancolombia, Ecopetrol And ISA (37 min(s), 59 sec(s) ago)
(RTTNews) - Colcap, the main index of the Colombian Stock Exchange, fell 0.28% Friday, closing at ...Full Story»

ARGENTINA: "Maldonado Affair" Lead Election Polls To Technical Tie (20 min(s), 59 sec(s) ago)
(RTTNews) - The Argentinean stock market posted a bullish rally during September and October as in ...Full Story»

BRAZIL: Government To Send Congress Changes To The 2018 Budget Bill (58 min(s), 59 sec(s) ago)
(RTTNews) - The Brazilian government will send to Congress the changes to the 2018 budget bill by ...Full Story»

MEXICO: Jobless Rate Remains Stable In September, At 3.3% (14 min(s), 59 sec(s) ago)
(RTTNews) - Mexico's unemployment rate remained stable at 3.3% of the economically active popu ...Full Story»

Japan Leading Index On Tap For Monday (53 min(s), 59 sec(s) ago)
(RTTNews) - Japan will on Monday release final August figures for its leading and coincident index ...Full Story»

JBS: Moody's Downgrades Company's Credit Rating To B3 (46 min(s), 59 sec(s) ago)
(RTTNews) - Moody's Investors Sevice downgraded the credit rating of Brazilian meatpacker JBS ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

BRAZIL: Ibovespa Loses Momentum, But Closes Higher On Friday

10/22/2017 - 20:18 PM (RTTNews)
(RTTNews) - The Ibovespa lost steam at the end of the trading session but kept rising (+0.14%), cl ...Full Story>>

ARGENTINA: Merval Rises 0.84% Ahead Legislative Elections

10/22/2017 - 19:58 PM (RTTNews)
(RTTNews) - Merval, the main index of the Buenos Aires Stock Exchange, rose 0.84% Friday, closing ...Full Story>>

COLOMBIA: Colcap Drops 0.28% On Bancolombia, Ecopetrol And ISA

10/22/2017 - 19:44 PM (RTTNews)
(RTTNews) - Colcap, the main index of the Colombian Stock Exchange, fell 0.28% Friday, closing at ...Full Story>>

ARGENTINA: "Maldonado Affair" Lead Election Polls To Technical Tie

10/22/2017 - 19:27 PM (RTTNews)
(RTTNews) - The Argentinean stock market posted a bullish rally during September and October as in ...Full Story>>

BRAZIL: Government To Send Congress Changes To The 2018 Budget Bill

10/22/2017 - 19:05 PM (RTTNews)
(RTTNews) - The Brazilian government will send to Congress the changes to the 2018 budget bill by ...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.