The country risk again increased 829 points reachedThis is the highest level in four years, and the financial world closely monitors the movement during the end of the year. In Argentina, the financial market was not open because it was not a business day, not Monday. Local assets quoted in the middle of a worrying day Major foreign places.
At the regional level, the risk posed by JP Morgan again turned on the warning light. 0.9% rise and approaching 830 points. Due to investor disbelief in Argentina, the indicator has been at its highest level for the past four years. So far this year, The index increased nearly 137% and increased 18% in the last month of 2018..
On Wall Street, Argentina was unable to avoid the new negative trend that led to key benchmarks for financial benchmarks. Local company Adrs fell almost 10%, as in the case of Mercado Libre, while Supervielle declined 6.6%. Pompa energy 5.9%; , Banco Francs (3.5%).
It also happened on the very bad day of the New York Stock Exchange (NYMEX). The New York stock market closed down again after recording the worst week since 2008. In the markets affected by oil prices and difficulties, the analysts were alarmed.
The Dow Jones industrial average fell 2.91 percent to 21,792.20 points, the lowest level since September 2017, and the Nasdaq composite index fell to 6.192 percent, did. The Standard & Poor's 500 index fell 2.71 percent to 2,351.10 points. It is the lowest since April 2017.