Stock Market in Argentina
Argentina - Stock Market
On 20 June, the IMF and Argentina formalized a three-year USD 50 billion Stand-by Arrangement. The deal aims to shield the economy from financial turbulence as the government rebuilds economic buffers, stabilizes debt levels and substantially lowers fiscal spending. The agreement coincided with an upgrade to emerging market status by the MSCI index on the same day. The upgrade is expected to result in investment inflows of USD 4.5 billion into the economy and represents an important political victory for the government against a complicated economic panorama. The first batch of real data from the Q2 was weak, with industrial production declining in May and economic activity recording its first contraction in over a year in April. Similarly, Central Bank efforts to stem the currency’s slide have so far failed, and the peso set a new record low on 29 June over growing concerns that the government will struggle to comply with IMF terms as discontent in the country grows.Argentina - Stock Market Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Stock Market (annual variation in %) | 88.9 | 59.1 | 36.1 | 44.9 | 77.7 |
Argentina Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 6.69 | 0.15 % | Dec 17 |
| Exchange Rate | 27.25 | 0.45 % | Jul 13 |
| Stock Market | 26,514 | 2.26 % | Jul 13 |
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Economic News
Argentina: Industrial output contracts in May
July 2, 2018
In May, industrial production contracted 1.2% over the same month last year, according to data released by the National Statistical Institute (INDEC) on 29 June.
Argentina: Argentine peso tumbles to new all-time low in June
June 29, 2018
The Argentine peso continues to depreciate, despite Central Bank efforts to stem the currency’s slide.
Argentina: Trade deficit widens in May
June 27, 2018
Exports fell 6.0% in year-on-year terms in May, contrasting April’s revised 6.5% year-on-year increase (previously reported: +6.2% year-on-year).
Argentina: Central Bank maintains rate unchanged at record-high 40.00%
June 27, 2018
At its latest meeting held on 26 June, the Central Bank of Argentina (Banco Central de la República Argentina, BCRA) decided to leave the 7-day repo reference rate unchanged at an all-time high of 40.00%.
Argentina: Economic activity plunges in April
June 26, 2018
The monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) contracted 0.9% in annual terms in April, contrasting the upwardly revised 2.0% expansion registered in March (previously reported: +1.4% year-on-year).
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