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

Credit Suisse shares plunged 24%. REUTERS/Arnd Wiegmann

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

Negative day for global stock markets.
Negative day for global stock markets.

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 BCRA crosses the third consecutive month with sales in the MULC.
The BCRA crosses the third consecutive month with sales in the MULC.

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.

Categorized in: