In the context of the escalation of tension in the Middle East following the Iranian attack on Israel, Global stock markets showed slight increaseswith investors relieved after the impasse in comparisons.
In Europe, the Paris stock market closed this Monday on the rise, after four days of losses increased by 0.43% to finish at 8,045.11 points.
Given indications that there would be no immediate military response from Israel to Iran, In New York the Dow Jones rose by 0.3% and the Nasdaq by 0.1%.
And the Petroliumwhich reached its highest in six months due to tensions in the Middle East, it fell close to 1% in the case of Brent.
Last week, global markets moved lower after data on inflation in the United States became known, which moved away from the Federal Reserve’s (Fed) target of 2% and thus reducing the hope that there will soon be a decline in interest rateswhich slowed down investors’ buying momentum.
The local market
At the local level, in The Merval Buenos Aires stock exchange lost 0.5% in pesos and 3.1% in dollars. Sharp decline in Argentine stocks on Wall Street, with losses of up to 4.8% for Transportadoras Gas del Norte, -4.1% for Galicia and -4% for BBVA. Almost all Argentine newspapers are in the red, with the only exceptions being Globant, IRSA, Tenaris and Ternium.
The wheel is also negative for bonds, which lose up to 3.6% in the case of Global 46 and 3% for AL41. With this, the country risk, the JP Morgan indicator that measures the overprice of Argentine debt, rises by 11 points, 1342 basis points.
Additionally, alternative dollars opened higher this Monday. The strong point is the increase in liquidity, which advances by 2.3%, to 1,071 dollarswhile the MEP rebounds by 1.5%, $1020.8.
For its part, the blue dollar advances by 10 pesos $1005.
Source: Clarin
