July 22, 2014
Merval down 2% after Griesa denies stay
Merval stock market droped 2 percent to 7,820.50 units after US Judge Thomas Griesa denied today Argentina’s request to suspend the ruling that obliges the country to pay “vulture funds” in order to honor its restructured bond commitments.
Boden 2015 in US dollars droped 2.6%, while the “par dollar” decreased 2%.
Meanwhile, Argentina's country-risk went up 1.3% percent to 676 basis points in the JP Morgan EMBI index.