Faced with the Credit Suisse crisis, investors around the world are fleeing to risky assets
Among these risky instruments are Argentinian bonds, which yesterday suffered falls of more than 3%. Country risk was close to the 2,400 point line
The debacle amplified with the complications of the bank Credit Suisse. Its shares fell 24% and deepened the crisis born with the collapse of a group of regional banks in the United States.
The free dollar rose to 379 pesos
The North American bill ended Wednesday’s round with a two-peso gain in the reduced parallel market, at $379 to sell. He free dollar reversed an initial drop of two pesos, as it traded at 375 pesos. In March, it rises four pesos.
With a dollar wholesaler which gained 49 cents to $202.56, the exchange difference reached 87.1%.
The dollar counted with liquidation rose four pesos to $396 while the MEP increased six pesos to $383 per unit.
Argentinian stocks and bonds lose up to 10% and countries at risk accelerates to 2,390 points.
He central bank sold 87 million USD on Wednesday and adds 8 consecutive days of loss of reserves. The entity decides today whether or not to raise the interest rate, which has remained unchanged since September.
Financial fears shifted to Europe yesterday: Swiss bank stocks Swiss credit (the second largest in the country) fell 25%, triggering a bailout from the Swiss National Bank.
Markets: Fears for the banking sector on Wall Street drag Argentinian stocks and bonds down
Global stocks on the stock market fell 2.4% on average in New York and the country risk was around 2,400 points. The Dow Jones yielded 0.9%, while the S&P Merval of Buenos Aires subtracted 5.6%, to 208,000 points
Wall Street resumed the falls on Wednesday and drags international stock market assets. New York indicators fell to 0.9%, weighed down by the banking sector and the actions of the giant Swiss credit they fell by 25%.
BCRA sold 87 million US dollars on the market and accumulates a negative balance of 643 million US dollars in March
Today, he completed the eighth consecutive round of selling, in a session with business for $328 million in the cash segment.
The Central Bank closed the wholesale conference on Wednesday with sales for $87 million to meet market needs, in session with companies for USD 328 million in the cash segment (place), which implies that the monetary entity contributed 26% of the traded volume.