August 1, 2014
Merval up 2.9% after Argentina offers to open negotiations
Merval stock market reversed it’s downwards trend and rose 2.9 percent to 7,727.67 units after Argentina offered NY Judge Thomas Griesa to open negotiations with bondholders next week over the vulture funds case.
Meanwhile, Argentina's country-risk lowered 7.8% percent to 805 basis points in the JP Morgan EMBI index.
Argentina’s stocks in Wall Street went up, with Edenor (7.6%), Pampa Energía (7.1%), TGS (5.2%), Petrobras (4%) and Ternium (3.2%) as the main increases.