Tuesday, March 15, 2011

Merval falls 2.8%

The panel of leading stocks index fell 2.8% to 3,263.27 points. The peso-denominated Par bond dropped 2.1%, and the Boden 2015, 0.7%.

Meanwhile, Argentina's country-risk increased 2.9% to 597 basis points in the JP Morgan EMBI index.

The US currency traded for AR$4.06/AR$4.02, remaining unchanged compared to the previous closing price in the main banks and bureaux de change in Buenos Aires downtown.

The main indicator of the Brazilian stock market's average performance declined 0.24 percent to 67,005.22 points. It has dropped 3.3 percent so far in 2011.

Meanwhile, the US dollar increased 0.3 percent to R$1.667 on the local spot market.