Argentine Stocks Edge Higher Amid Debt Concerns

Argentine stocks inched up today, with the S&P Merval index rising a mere 0.21% amid low trading volume due to bank closures. The shortened trading day ended at 3 PM local time, with institutional investors and major traders absent, further reducing liquidity. The markets recent gains were tempered by concerns over the governments upcoming debt maturity of $4.3 billion in January. Additionally, a new floating exchange rate band tied to monthly inflation, set to increase from 1% to 2.5%, may cause market volatility. All Argentine exchanges will be closed tomorrow for Christmas.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.