FOREX TradingCharts.com

Financial News: ARGENTINA: Merval Rises For Seventh Straight Session Amid

ARGENTINA: Merval Rises For Seventh Straight Session Amid Economic Optimism

12/27/2017 - 17:39:00 (RTTNews)

(RTTNews) - Merval, the benchmark stock market index in Argentina, rose 0.25% to 29,260.33 on Wednesday, reflecting investor optimism that the Senate would pass the 2018 budget and a tax reform. It was the seventh consecutive increase of the index.

Analysts pointed that up to this point in December the Merval has gained 9.34%. Compared to a year before, the index is up around 75%. Such positive performance may lure profit-taking, they added.

YPF stocks rose 1.35% after the Argentinean government authorized the state-owned company to export natural gas to Chile.

On the macroeconomic front, the Argentinean activity index, a proxy for the country's GDP, grew 5.2% in October from a year before - a stronger performance than in September, when the index increased 3.8% compared to the same month in 2016.

The locally traded US dollar was 0.55% higher, ending the session at 18.43 pesos, amid volatile trading and boosted by a seasonal higher demand for the greenback, said Gustavo Quintana, from PR Corredores.

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: Prosecutors Want BNY Mellon To Pay R$ 8.2 Billion To Postalis (29 min(s), 58 sec(s) ago)
(RTTNews) - The Brazilian Public Prosecutor's Office in São Paulo (MPF-SP) filed a public civ ...Full Story»

COLOMBIA: Industrial Production Rises 0.3% In November On Annual Basis (43 min(s), 58 sec(s) ago)
(RTTNews) - Colombia's industrial output rose by 0.3% in November on an annual basis, while sa ...Full Story»

CHILE: Cochilco Raises Copper Price Estimate To US$ 3.06 Per Pound In 2018 (03 hr(s), 20 min(s), 58 sec(s) ago)
(RTTNews) - The Chilean Copper Commission (Cochilco) raised its 2018 average copper price estimate ...Full Story»

ARGENTINA: YPF And Statoil Reach Exploration Agreement In Neuquén (03 hr(s), 34 min(s), 58 sec(s) ago)
(RTTNews) - Argentinean state-owned oil company YPF sealed a definitive agreement with Statoil Arg ...Full Story»

Decrypting 'Cryptocurrency' (06 hr(s), 13 min(s), 58 sec(s) ago)
(RTTNews) - A cryptocurrency is a digital asset that works on a medium that uses cryptography, the ...Full Story»

Ripple Revealed (06 hr(s), 20 min(s), 58 sec(s) ago)
(RTTNews) - Ripple is one of the most popular cryptocurrencies in South Korea, a leading market fo ...Full Story»

S. Africa CB Maintains Key Rate (06 hr(s), 30 min(s), 58 sec(s) ago)
(RTTNews) - South Africa's central bank kept its key interest rate unchanged on Thursday and g ...Full Story»

Philly Fed Index Indicates Slower Growth In January (06 hr(s), 31 min(s), 58 sec(s) ago)
(RTTNews) - Growth in activity in the Philadelphia-area manufacturing sector slowed by more than a ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

BRAZIL: Prosecutors Want BNY Mellon To Pay R$ 8.2 Billion To Postalis

01/18/2018 - 16:01 PM (RTTNews)
(RTTNews) - The Brazilian Public Prosecutor's Office in São Paulo (MPF-SP) filed a public civ ...Full Story>>

COLOMBIA: Industrial Production Rises 0.3% In November On Annual Basis

01/18/2018 - 15:47 PM (RTTNews)
(RTTNews) - Colombia's industrial output rose by 0.3% in November on an annual basis, while sa ...Full Story>>

CHILE: Cochilco Raises Copper Price Estimate To US$ 3.06 Per Pound In 2018

01/18/2018 - 13:10 PM (RTTNews)
(RTTNews) - The Chilean Copper Commission (Cochilco) raised its 2018 average copper price estimate ...Full Story>>

ARGENTINA: YPF And Statoil Reach Exploration Agreement In Neuquén

01/18/2018 - 12:56 PM (RTTNews)
(RTTNews) - Argentinean state-owned oil company YPF sealed a definitive agreement with Statoil Arg ...Full Story>>

Decrypting 'Cryptocurrency'

01/18/2018 - 10:17 AM (RTTNews)
(RTTNews) - A cryptocurrency is a digital asset that works on a medium that uses cryptography, the ...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.