While Sergio Massa’s economic team evaluates two variants of the exchange, the postponed “Qatari dollar” and another differential exchange for the payment of services for international artists, this Tuesday opens a new swap wheel after the extra long weekend.
News in development
Due to a new fall on Wall Street, Argentine company newspapers are losing up to 3% in New York
Waiting for new inflation data in the US and with investors fearful of the Federal Reserve’s strategy against it, Wall Street starts the week down. The Nasdaq tech index leads the reds, but the Dow Jones and the S&P 500 are also trading negative. This extends to New York-listed Argentine stocks, which are losing just over 3%
“The main ADRs fell – during local holidays – by an average of ~ 1.5%, accompanying the global discontent that immediately transferred to the emerging ones, and in this sense the more liquid cards are still preferred at the time of tactical rebalancing , “said analyst Gustavo Ber. Read more.
The government warns that there will be new fuel hikes by the end of the year
Fuel prices have risen 52% so far this year. And the pumps will continue to have comments during this last quarter. “There may be movements between now and the end of the year. We are in an inflationary context ”, the Secretary of Energy, Flavia Royón, explained in a radio statement.
Despite the lack of data on inflation for September, the change in the cost of living so far accumulated does not fall below 62%. “Fuels are lagging behind inflation,” the official said. Read more.
Source: Clarin
