- Banco Macro gains 5% today, surging on US Treasury help to Argentinian peso
- The most important Argentinian elections scheduled at 26 October
- Banco Macro gains 5% today, surging on US Treasury help to Argentinian peso
- The most important Argentinian elections scheduled at 26 October
Stocks of Argentine banks rose after a media report said the U.S. Treasury sold dollars to maintain the Argentine peso. Banco Macro is up more than 5% today and rebounds strongly after reaching multi-month lows. The recent sell-off was triggerred mostly by the support for Javier Milei opponents in regional elections, which make foreign investors nervous about Argentine economy and future financial conditions. If supported by Donald Trump, Milei will win the elections, we may expect improving sentiments around Argentinian stocks. The election date is set at 26 October. In the past month, all the most important Argentinian banks posted stock gains exceeding the S&P 500 Index with Banco Macro up more than 40%, jumped 41%, Financiero Galicia up almost 25%, and Banco BBVA Argentina gaining 17%.
Source: xStation5
Alibaba sell-off extends amid White House national security concerns📌
US Earnings Season Summary 🗽What the Latest FactSet Data Shows
US Open: US100 initiates rebound attempt 🗽Micron shares near ATH📈
Micron Surges on Record DRAM Pricing
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.