Saturday , February 4 2023

Participants in Wall Street Argentina, due to oil collapse, fell by almost 3.5%


Argentine shares traded on Wall Street fell sharply on Friday and fell 3.5%, one day low volume, after only one half of the Stock Exchange in the New York Stock Exchange did not have Thanksgiving holiday activities.

Losses of Argentine publications are directed by Tenaris (-3.5%); Free market (-2.9%); and Edenor (-2.8%). The second is caused by a sharp fall in international markets. Likewise, Irsa (2.4%), Banco Galicia (1.9%) and Irsa Propiedades (1.6%) increased.

Brent oil prices dropped by more than 4% and reached a level lower than the one year before producers reduced their production to reduce a global surplus.

• Wall Street

United States stockpile made a reduction on Friday, Thanksgiving holiday, dripping by the collapse of the energy sector, due to the continued weakness of oil prices, and the S & P 500 confirmed the second correction of 2018.

du The Dow Jones industrial average reached 178.74 points or 0.73%, with 24,285.95 units; S & P 500 lost 17.37 points, or 0.66 percent, 2.632.56 units. Nasdaq, however, fell 33.27%, or 0.48% to 6,938.98 units.

• Brazil

The main stock index in Brazil has fallen on Friday and has begun shutting down on Wednesday, among those who had the lowest price in Petrobras and the Vale market.

However, Banco do Brasil shares the expectations of the next government's formation.

In the Sao Paulo Stock Exchange, the Bovespa benchmark index dropped by 1 percentage point to 86,169.23 points, deepening weekly losses by more than 2 percent. The real one has fallen by 0.22% in the $ 3,835 dollars.

Wall Street commenced trading on Friday's Thanksgiving holiday, but the session will be shorter.

In a note to customers, analysts at London Capital Group Jasper Lawler said concerns raised growth and trade voltages, and China pushed the price of metal and the oil prices caused excessive concerns. supply and economic prospects are getting worse.

The shares of the US oil company Petrobras lost 3.7% following the sharp fall in oil prices that were being marketed at 2018 prices. Operation "Lava Jato".

The Vale shares of the mining giant fell by 5.1%, following the movement of other mining operations in the European market, after the fall in iron prices in China and other metals.

The shares of Banco do Brasil won 1.19%, commented by economist Ruben Novaes, led by head of the administration at Jair Bolsonaro, to use the capital markets in financial privatization processes.

BRF's shares fell 2.67%, after rising the previous two rounds, an 11.6% increase was accumulated at a time.

• Europe

du Major European stock markets won out in London, due to the fall in oil prices.

London fell by 0.1% and stood at 6,952.86. Frankfurt won 0.49% at 11,192.69 points. Paris rose 0.18% to 4,946.95 points. Milan won 0.60% and closed at 18,715 points. Madrid achieved a 0.12% increase, at 8,916.70.

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