^MERV - MERVAL

Buenos Aires - Buenos Aires Delayed Price. Currency in USD
38,390.84
+233.89 (+0.61%)
At close: 5:02PM ART
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Previous close38,156.95
Open38,156.95
Volume0
Day's range38,156.95 - 39,015.46
52-week range21,738.62 - 44,470.76
Avg. volume0
  • Argentina opposition front-runner strikes populist tone in Madrid, markets hold steady
    Reuters

    Argentina opposition front-runner strikes populist tone in Madrid, markets hold steady

    BUENOS AIRES/MADRID (Reuters) - Argentina's likely next President, opposition front-runner Alberto Fernandez, laid out his populist credentials during a visit to Madrid on Thursday, saying local Argentine interests would trump those of creditors and energy investors. In comments that followed a speech at the Spanish parliament, he indicated he would, if elected, take a tougher stance on international access to Argentina's vast Vaca Muerta shale reserves, a magnet for investment. Fernandez, a moderate Peronist running alongside populist ex-leader Cristina Fernandez de Kirchner, added he was committed to meeting debt obligations as long as it did not harm Argentines.

  • Argentine markets hold steady as anti-Macri protesters decry austerity, rising poverty
    Reuters

    Argentine markets hold steady as anti-Macri protesters decry austerity, rising poverty

    Argentine markets held steady on Wednesday, even as thousands of protesters took to the streets to demonstrate against the government of President Mauricio Macri and a darkening economic outlook in the recession-hit South American country. The peso held its ground and bonds rose after newly imposed capital controls helped stabilize haywire markets that have plumbed record lows since Macri was trounced in a primary vote last month, dashing his hopes of re-election in October. On the streets of Buenos Aires, protesters brandished banners slamming Macri's economic austerity policies, rising poverty, and the International Monetary Fund (IMF), which agreed to a $57 billion credit facility with the country last year.

  • Wall Street traders pump up Argentine peso as currency controls hit home
    Reuters

    Wall Street traders pump up Argentine peso as currency controls hit home

    Argentina's peso surged on Tuesday, pumped up by Wall Street traders cheering President Mauricio Macri's capital controls that are aimed at protecting the beleaguered currency. The peso closed 5.39% higher at 55.98 per U.S. dollar, traders said, its strongest level in a week after a near record low close on Friday. Traders said the central bank intervened to support the peso in the afternoon by selling dollars from its reserves.

  • S&P slashes Argentina's long-term debt three notches on maturity extension plan
    Reuters

    S&P slashes Argentina's long-term debt three notches on maturity extension plan

    Standard & Poors announced on Thursday that it was slashing Argentina's long-term credit rating another three notches into the deepest area of junk debt, saying the government's plan to "unilaterally" extend maturities had triggered a brief default. The ratings agency said it would consider Argentina's long-term foreign and local currency issue ratings as CCC- "vulnerable to nonpayment" - starting on Friday following the government's Wednesday announcement that it wants to "re-profile" some $100 billion in debt. The plan, which requires congressional approval, has stoked fears of a full-blown financial crisis in Latin America's third largest economy, two months before business-friendly President Mauricio Macri's handling of the economy is tested in a general election against a leftist rival.

  • Argentina's Macri shelves sales taxes as he seeks to cut left's lead
    Reuters

    Argentina's Macri shelves sales taxes as he seeks to cut left's lead

    Argentine President Mauricio Macri, smarting from a bruising primary election loss, announced on Thursday an end to sales taxes on basic food products until the end of the year in a bid to salvage his re-election prospects and end an economic crisis. In a televised address to the nation, Macri announced that sales taxes of around 21 percent would be axed on basic foodstuffs - including bread, sugar, milk, oil, flour, pasta, eggs and rice - to soften the impact of an IMF-backed austerity program on the growing ranks of the poor. The tax cut represents the boldest of a series of measures Macri has unveiled since his overwhelming defeat on Sunday by the leftist opposition, as he seeks to bolster his waning support and revive Latin America's third-largest economy.

  • Uncertainty puts Argentine business owners on defensive
    Associated Press

    Uncertainty puts Argentine business owners on defensive

    At Boedo Automotive in Argentina's capital, rows of shiny new cars are for sale. Macri and his running mate, Miguel Ángel Pichetto, got 32%, suggesting the incumbent's team faces a steep uphill battle going into the Oct. 27 general elections.

  • Shares, dollar rebound on thaw in U.S.-China trade war
    Reuters

    Shares, dollar rebound on thaw in U.S.-China trade war

    U.S. and European stocks jumped, the dollar strengthened and Treasury yields rose on Tuesday after the United States said it would delay tariffs on some Chinese products, easing concerns that a protracted trade war would harm global growth. President Donald Trump backed off his plan to impose 10% tariffs on Sept. 1 on remaining Chinese imports, delaying duties on cellphones, laptops and many other consumer goods in the hopes of blunting their impact on U.S. holiday sales. Equity, debt and currency markets sharply reversed course minutes after Wall Street opened for trade on news from Hong Kong about a call Chinese Vice Premier Liu He held with U.S. officials, according to China's Commerce Ministry.

  • Global Markets: Shares, dollar rebound on thaw in U.S.-China trade war
    Reuters

    Global Markets: Shares, dollar rebound on thaw in U.S.-China trade war

    U.S. and European stocks jumped, the dollar strengthened and Treasury yields rose on Tuesday after the United States said it would delay tariffs on some Chinese products, easing concerns that a protracted trade war would harm global growth. President Donald Trump backed off his plan to impose 10% tariffs on Sept. 1 on remaining Chinese imports, delaying duties on cellphones, laptops and many other consumer goods in the hopes of blunting their impact on U.S. holiday sales. Equity, debt and currency markets sharply reversed course minutes after Wall Street opened for trade on news from Hong Kong about a call Chinese Vice Premier Liu He held with U.S. officials, according to China's Commerce Ministry.

  • Macri vows to win second term after Argentine peso crashes on primary results
    Reuters

    Macri vows to win second term after Argentine peso crashes on primary results

    Argentine President Mauricio Macri vowed on Monday to win a second term despite a surprisingly strong performance by the opposition in the primary election that set off a shockwave through markets, crashing the peso currency and sending stocks and bonds tumbling. Macri said he would "reverse" the result of Sunday's primary, but acknowledged that a weaker peso triggered by the surge in support for Peronist opposition candidate Alberto Fernandez and his running mate former President Cristina Fernandez would fuel inflation. The peso closed 15% weaker at 53.5 per U.S. dollar after plunging some 30% to a record low earlier in the day after the primary election prompted market fears over Argentina's potential return to the interventionist economics of the previous government.