Friday , May 20 2022

G20 Effect: A good day for Argentinian stockholder loaded in Wall Street



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G20 post and hit meeting impact Donald Trump and Xi JinpingThe US and Chinese presidents, who welcomed in Buenos Aires, resettled trade tensions and rebounded in the world markets.

In this way, the main stock market of the New York Stock Exchange closed Monday, and both countries agreed to a 90-day truce in the negotiations for their growth negotiation. Wall Street smiled with Dow Jones, 1.13% and Nasdaq, 1.51%. Bovespa, Brazil, grew by 0.4%, and, locally, the Merval stock index in the Buenos Aires Stock Exchange reached 1.21% and reached 31,888.79 points.

The New York Stock Exchange has advanced significantly last week, in response to the optimism of the progress of negotiations and accepting a slight change in the Federal Reserve authorities: Dow Jones (5.16%). The highest weekly growth since 2016 and Nasdaq (+ 5.64%) and 2011 S & P 500 (+ 4.85%).

The global "Poza" was inflated by Argentine shares in Wall Street. It's about it Secretary of State of Americaor ADR, the title that accepts deposits in a US bank. In this sense, Pampa Energía (6.9%), Ternium (5.44%), Banco Macro (5.2%), IRSA (+ 5%), Banco Supervielle (4.8%) stand out. ).

In addition, the price Oil also had a positive day on the riseThe Brent North Carriage was delivered in February at $ 2.23 and closed at 61.69 in the London market. In New York, WTI's January contracts increased 2.02 dollars (4.0%) and 52.95. Nine barrels, which are the world's leading reference market, have suffered losses of over 22% in November, which has been the worst since 2008.

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