FOREX TradingCharts.com

Financial News: ARGENTINA: Merval Rises 1.36% On Oil And Bank

ARGENTINA: Merval Rises 1.36% On Oil And Bank Shares

01/11/2018 - 22:31:00 (RTTNews)

(RTTNews) - Merval, the main index of the Buenos Aires Stock Exchange, rose 1.36% to 32,064.56 points Thursday, boosted by oil companies' shares as Brent oil prices reached the highest level in three years.

Investors also digested a higher than expected monthly inflation reading for December. The Argentinean Consumer Price Index (CPI) rose by 3.1% last month, after a 1.4% rise in November. Analysts expected a 2.1% increase.

Transener shares rose 0.16% amid rumors that the company would be privatized. Banks also rose after the Argentinean government made changes to the Guarantee Insurance System for bank deposits, arguing that it would foster competition among financial institutions.

The shares of Cresud (-3.68%), Agrometal (-2.32%), and Siderar (-2.04%) fell, while Costanera (+9.14%), Consultatio (+6.33%), and Holcim (+4.69%) rose.

Meanwhile, the locally traded U.S. dollar closed 0.48% higher, at 18.71 Argentinean pesos, after falling yesterday, following interest rate declines by the local central bank.

"The low level recorded until yesterday seemed to stimulate the retaking of some positions. With a more active demand, the exchange rate recovered part of the previous loss," said Gustavo Quintana, an analyst at PR Corredores.

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


Japan Condominium Sales Data Due On Monday (05 min(s), 15 sec(s) ago)
(RTTNews) - Japan will on Monday see December figures for condominium and convenience store sales, ...Full Story»

ARGENTINA: Merval Falls On Profit-taking, But Climbs Higher In The Week (24 min(s), 15 sec(s) ago)
(RTTNews) - Merval, the main index of the Buenos Aires Stock Exchange, fell 1.31% Friday, closing ...Full Story»

COLOMBIA: Colcap Falls 0.10% Due To Low Trading Volume (53 min(s), 15 sec(s) ago)
(RTTNews) - Colcap, the main index of the Colombian Stock Exchange, fell 0.11% at 1,546.33 points ...Full Story»

CCR: Company May Bid For Subway Lines In Peru And Colombia (01 hr(s), 52 min(s), 15 sec(s) ago)
(RTTNews) - Brazilian infrastructure firm Companhia de Concessões Rodoviárias (CCR) may take par ...Full Story»

ARGENTINA: President Macri To Travel To Moscow To Meet Putin (02 hr(s), 22 min(s), 15 sec(s) ago)
(RTTNews) - Argentinean President Mauricio Macri is expected to arrive at Moscow on Tuesday for a ...Full Story»

ARGENTINA: U.S. To Eliminate Import Duties To More Than 700 Products (02 hr(s), 28 min(s), 15 sec(s) ago)
(RTTNews) - Argentina will be able to export more than 700 products to the United States with a ze ...Full Story»

ARGENTINA: International Reserves Increased To US$ 55.055 Bln In December (02 hr(s), 36 min(s), 15 sec(s) ago)
(RTTNews) - The Argentinean central bank (BCRA) international reserves increased by US$ 491 millio ...Full Story»

U.S. Consumer Sentiment Unexpectedly Deteriorates In January (07 hr(s), 13 min(s), 15 sec(s) ago)
(RTTNews) - Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of January, ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Japan Condominium Sales Data Due On Monday

01/21/2018 - 17:30 PM (RTTNews)
(RTTNews) - Japan will on Monday see December figures for condominium and convenience store sales, ...Full Story>>

ARGENTINA: Merval Falls On Profit-taking, But Climbs Higher In The Week

01/21/2018 - 17:11 PM (RTTNews)
(RTTNews) - Merval, the main index of the Buenos Aires Stock Exchange, fell 1.31% Friday, closing ...Full Story>>

COLOMBIA: Colcap Falls 0.10% Due To Low Trading Volume

01/21/2018 - 16:42 PM (RTTNews)
(RTTNews) - Colcap, the main index of the Colombian Stock Exchange, fell 0.11% at 1,546.33 points ...Full Story>>

CCR: Company May Bid For Subway Lines In Peru And Colombia

01/19/2018 - 15:43 PM (RTTNews)
(RTTNews) - Brazilian infrastructure firm Companhia de Concessões Rodoviárias (CCR) may take par ...Full Story>>

ARGENTINA: President Macri To Travel To Moscow To Meet Putin

01/19/2018 - 15:13 PM (RTTNews)
(RTTNews) - Argentinean President Mauricio Macri is expected to arrive at Moscow on Tuesday for a ...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.