Thursday , October 6 2022

Argentine shares won up 4.6% on Wall Street



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The roles of Galicia led the ascents, with an increase of 4.6%; followed by those of Banco Macro (+ 4.2%); Black Loma (+ 2.9%); and YPF (+ 2.9%).

For its part, The main Wall Street indices rose sharply in the midst of expectations that the United States and China resolve their trade dispute.

The Industrial Average Dow Jones rose 342.69 points, or 1.41 percent, to 24.712.79 units; while the S & P 500 index earned 35.33 points, or 1.34 percent, at 2.671.29. The Nasdaq Composite added 72.77 points, or 1.03 percent, to 7.157.23 units.

It also helped increase market confidence a fact that showed that the manufacturing output of the United States registered in December its greater advance in 10 months, supported by an increase in the production of motorized vehicles and other goods.

The optimism about a commercial agreement began to be generated on Thursday afternoon, following the disclosure report that said US Treasury Secretary Steven Mnuchin is considering eliminating some or all taxes imposed on Chinese imports. The Treasury denied that Mnuchin had made such a recommendation.

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