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Argentina, markets collapse after primary

2019-08-12T18:04:23.867Z

19.54 The Buenos Aires stock sells 32.5% and the probability of a failure of the country within 5 years is flying at 75%. Last week they were 49%. The "credit defualt swap" leaps to 1.955 basis points, the double of the last session, when the market took for granted (wrongly) that the presiding leader, the liberalist Mauricio Macri, would have prevailed in the presidential primaries. Investors fear a return to capital and currency control. Repercussions on Wall Street: Argentine stocks lose up to -57%.



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12 August 201919.54 The Buenos Aires stock sells 32.5% and the probability of a failure of the country within 5 years is flying at 75%. Last week they were 49%. The "credit defualt swap" leaps to 1.955 basis points, the double of the last session, when the market took for granted (wrongly) that the presiding leader, the liberalist Mauricio Macri, would have prevailed in the presidential primaries. Investors fear a return to capital and currency control. Repercussions on Wall Street: Argentine stocks lose up to -57%.

Source: rainews

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