Argentine dollar bonds closed the week with a cumulative fall of around 7%, within the framework of the exchange of titles promoted by the Government.
There are no operations in the local market due to the Memorial Day holiday, but the bonds listed in New York under foreign law -the Globals- fell an average 1.6% this Friday.
For their part, the ADRs of Argentine companies that operate on the Stock Markets of that North American city trade in a mixed manner, although it stands out the fall of Despegar (-1.9%), and the rise of Central Puerto (+2.1%).
The country risk for Argentina, measured by JP Morgan, rises 40 units and stands at 2,541 basis points, a maximum since last November 7.
For its part, Wall Street operates with a slight fall of 0.5%, but in Europe the situation is different: Deutsche Bank shares fell for the third consecutive day, this time 10%.
Shares of the largest German bank have lost a fifth of their value so far this month and its credit default swaps – which are insurance for bond investors – suffered the biggest rise in a day on Thursday
Within this framework, the United States Secretary of the Treasury, Janet Yellen, convened for this Friday the heads of the main financial regulators of that country for an unscheduled meeting of the Financial Stability Oversight Council.
