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Tuesday, August 16, 2011

BA stocks edge down

Buenos Aires stocks moved down, with the Merval benchmark stock index dropped by 0.2 percent, to 2,983.62 points.

The Merval stock index experienced losses due to the weakness of external markets stagnation on German growth, which reinforced fears over an economic deceleration impacting European markets.

Argentina's country-risk rose 1.2 percent to 718 basis points in the JP Morgan EMBI index.

The American currency traded for AR$4.145/AR$4.185, remaining unchanged compared to the previous closing price in the main banks and bureau de change in Buenos Aires downtown.

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Tags:  merval  stocks  country-risk  markets  points  JP morgan  


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