European open – Markets, Argentina, UK jobs

Aug 13 07:08 2019 Print This Article

Europe lower as Argentina returns to the headlines

It’s shaping up to be another rocky session on Tuesday, with political chaos once again driving the headlines as Argentina once again finds itself in a sticky situation.

Source – Thomson Reuters Eikon

Unfortunately, we can’t blame the Argentinian political situation for the sea of red we’re seeing globally as investors continue to fret about the global slowdown and impact of the trade war. It’s been a tough summer already and it may get tougher yet, with there being little for investors to cheer about.

The primaries in Argentina certainly caught the eye of investors though, as President Macri suffered a humiliating defeat in a damning indictment of his policy agenda that markets may like but the public does not. While the election was effectively only symbolic, it does not bode well ahead of the actual election in October and investors did not see the scale of the defeat coming. If the reaction is anything to go by, further turbulence looks guaranteed.

Read More

About Article Author

Market Pulse

Established in 2006, MarketPulse is a free news site that provides full-time coverage of the world's largest financial markets, focusing on forex, commodities, and global indices research and analysis. Armed with a global team of securities analysts and strategists, Market Pulse provides timely, accurate, and informative research on major macroeconomic trends, technical analysis, and worldwide events that impact different asset classes and investors.

Related Items

December 13, 2019

I had a stray thought today regarding the HSE.PR.C reset fiasco … if they calculated the rate in good faith as of November 29, why didn’t they announce the rate on November 29? But now it’s time for PrefLetter! HIMIPref™ Preferred IndicesThese values reflect the December 2008 revision of ...

POW & PWF To Combine, Redeem $350-million Preferreds; S&P Upgrades POW to P-1(low)

Standard & Poor’s has announced: Power Corp. of Canada (PCC) announced its intent to reorganize simplifying its organizational hierarchy by acquiring the remaining public shares of Power Financial Corp. (PFC) that it does not currently own. We are raising our ratings on PCC by one notch, inclu ...

Week Ahead – Phase-one trade deal and UK election aftermath

The US dollar remains at a critical juncture as Fed policy will be on hold for the foreseeable future and as we start to see an economic rebound come out of Europe. The world’s largest and strongest economy is likely to start to see economic growth slow in the fourth quarter, further cementing t ...

Silver and the Miners Wait Patiently for Gold - David Brady (13/12/2019)

December 13,2019 The Fed surpasses expectations for more QE to address potential liquidity issues in the repo market around year-end. This means interbank funding issues are getting worse, requiring ever more stimulus. Meanwhile, Trump announces a phase one trade deal with China “in principle”, ...

Questerre announces resignation of Mr. Sans Cartier from Board of Directors


Problems Solved?

Brexit and trade talks provided lots of uncertainty this year. Last week saw progress on both fronts. ...

Smells like teen spirit

  By Guest Blogger Doug Rowat . Thank god my kids aren’t yet teenagers; however, my seven-year-old daughter is already asking for a cellphone, so I’m getting a sense of what’s in store for me. I’m probably doomed. So, for those of you who do have teenagers I won’t presume to offer advi ...

AZP Upgraded to P-4(low) by S&P

Standard & Poor’s has announced: On Dec. 13, 2019, S&P Global Ratings raised its issuer credit rating on Atlantic Power Corp. (APC) to ‘BB-‘ from ‘B+’ based on its improving leverage profile. At the same time, S&P Global Ratings raised APLP Holdings Limited Partnership’s issue-level ...

Feds taking aim at yet to be defined military assault weapons - Loonie Politics

  The federal government is taking aim – pardon the pun – at “military-style assault weapons.”  That sounds like a reasonable enough thing to do, except for one key detail: no one knows what that means. The assault rifles similar to those used by the military are already prohibited in Can ...