Wall Street and its commercial war fell: how they will affect Argentinian stock in New York – 10/10/2018



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Just 48 hours after completing the famous G20 summit in Buenos Aires -This decision by a commercial truce between the US and China and a support spice in post- Wall Street was in decline: business listingsDow Jones dropped 799 points in one day and closed almost 1500 points a week. An Nasdaq, it fell Tuesday, 4 December -3.80% and the S & P500 -3.22%.

Background and Argentine papers

Due to lack of confidence in the United States-China enjoyment, are horrified by acting up Huawei, Wall Street also fell on Thursday the same week – there were no jobs in the US on Wednesday – although it was to be shaken later in technology stock, following the confirmation of the regional leaders of the Force Reserve.

But, the next day, the three main keyboards closed, again, with big falls. On Monday, the activities in the USA had a small spice after those days. Despite this, Dow and Nasdaq spent the profit margins in the year (+ 0.42% and + 2.6%), but not the list of 500 large registered companies (S & P500), read -1.83% annually.

In this way, A new roof of descent; The following week was the ones in October and February. On 10th of October this year, Wall Street had declined on the worst decline in February from Nasdaq's worst since June 2016 when it was Brexit. On 5 February, 2018, Dow Jones had suffered the largest reduction points in his history, with a decline of 1,175.21 units.

The sections known as ADR are listed on New York Stock Exchange (NYSC) and in Argentina, but it remains the only property. In other words, it is the only company that contains only two quotas, and the difference is a & # 39; price changed with exchange rate. EFE / Justin Lane

The sections known as ADR are listed on New York Stock Exchange (NYSC) and in Argentina, but it remains the only property. In other words, it is the only company that contains only two quotas, and the difference is a & # 39; price changed with exchange rate. EFE / Justin Lane

In this context, Argentine's newspaper in New York (ADR), in which, first week of December (from closing Friday 30/11 to 7/12) mixed results. In some cases, they removed a loss up to almost 9% as Corporación América. Keep yourself, for example, this week closed at -6.1% (they are companies connected to the scanner of the notebooks). The green side shows Transporter Gas del Sur (TGS) that collects + 3% to date this month. However, if it is considered on its & # 39; percent per annum, the numbers will sink: Falls, in activities such as Supervielle, reach 70% below.

What's in ADRs?

The actions known as ADR are mentioned New York Stock Change (NYSC) and in Argentina, but still the same property. In other words, it is the only company that contains only two quotas, and the difference is a & # 39; price changed with exchange rate.

"In the last two weeks, SARD Argentina, except in certain cases, has made a good testament, even in the middle of gestures and commercial casualties. As However, sections such as TGS and Galicia have been at least for the time on the most recent boundaries of Wall Street. They were well protected to & # 39; come between Trump and his Chinese couple. On the other hand, in the case of actions made in such legal matters Tenaris, Ternium and Loma Negra have taken off the attacks from the causes that may arise from higher growth, and they still have a " see a high degree of uncertainty"He says to him Clarin Emiliano Wachs Investigating Head of Investigation Alchemy Values when analyzing to the end of last week,

But Wach makes a difference in his & her; ADR annual map: "The 70% reduction in some of the papers and market in general to date related to the decline of the local economic economy, with the expectation that the GDP fell between 2.5% and 3% and with a government that had to be issued and the IMF requested funding to close its financial program when the financial markets for our country closed. Add mega value added here, increase in inflation and doubts about continuity next year"

Only 48 hours after its finishing of its famous G20 conference in Buenos Aires - which ended with the search of a different trade between the US. and Jane-Wall Street declined: Dow Jones's normal rate dropped 799 points in one day. The market is definitely about the agreement. REUTERS / Kevin Lamarque / File Photo

Only 48 hours after its finishing of its famous G20 conference in Buenos Aires – which ended with the search of a different trade between the US. and Jane-Wall Street declined: Dow Jones's normal rate dropped 799 points in one day. The market is definitely about the agreement. REUTERS / Kevin Lamarque / File Photo

Jorge Neyro, from ACM advisor, adding to its vision: "Wall Street stocks dropped almost 3% two days this week. This is due to the new tension between US and China. Exploding Excavation The result of American Treasury bonds that could result in a decline in the future of the North American economy. In this context, ADR left much of the employment after G20. Likewise, new news has influenced some companies about the purpose of the notebook and requests that depositors may have for the losses in the donations. "

For Neyro, ADR's fall in the year must be related to a series of local and external issues: "In markets outside there is a lot of fairness. But there is a strong impact Argentina's decline and legal issues ". Although the Merval and ADRs are usually linked together because the same difference is that they are named in pesos or dollars, and these bonds are as other types of assets, It will not be that assessment "Both stocks and bands are going down if Argentine's risk has a great deal of riot as it happened during this year's crisis."

The commercial war

The United States landslides are looking forward to technology. The stock stars, the calls FAANG Stock (Facebook, Apple, Amazon, Neflix and Google's parent company, alphabet) will stick sharply to the tallest peaks per year: FB (-35%), Apple (-27%), Amazon (-18%), Netfilx (-35%), Google (-18%).

Amazon was rising by over 70% through October. Then, to date, it fell by over 18%. (Photograph AP / Mike Stewart, File)

Amazon was rising by over 70% through October. Then, to date, it fell by over 18%. (Photograph AP / Mike Stewart, File)

Why did they fall? He is already filled with a commercial war, that is, the components introduced from China that will affect some of the companies of this series such as Apple or Amazon , but it's also a & # 39; Much of American corporation affects the framework and business model. However, the auditors, They include other elements such as growing in the & # 39; year, such as Amazon, rising by over 70% to October.

Their commitment after the G-20 summit was dried up by the days. Robert Lighthizer, Foreign Trade Secretary, appointed as a director of the US merchant's group, was a well-determined decision because he is well-known for damaging Beijing's trading policies. Larry Kudlow, Trump's chief economic advisor asked for "careful care" of the disaster.

Views on ADR

-Why the vision can you see in ADRs in the context of a new tension-USA and China, for example bibliography notes?

"There are papers of value and similarity to the TGS or CEPU (Central Puerto) case. But the fact is that the problem goes around the polls (…) outside the struggle USA-China. With everything, After the accident in Argentine's assets throughout the year, we believe that the effects of factors are in fact; coming from abroad today, and we see this short-term reduction between intermediate and long bands and Argentine stocks, where it is still to be explained if the sections are in a position; going to give land or if the bands and the country's risk come back to a month ago, "said Emiliano Wachs.

Their commitment after the G-20 summit was dried up by the days. Robert Lighthizer, Foreign Trade Secretary, appointed as a director of the US merchant group, made a good decision because he was famous for making a fine on the trading policies in Beijing . (Photograph by Jim WATSON / AFP)

Their commitment after the G-20 summit was dried up by the days. Robert Lighthizer, Foreign Trade Secretary, appointed as a director of the US merchant group, made a good decision because he was famous for making a fine on the trading policies in Beijing . (Photograph by Jim WATSON / AFP)

Sadly, the distribution between Global 2021 and Global 2019 already exceeds 600 bases. IRR (output level) of the order is at the first one of 10.7%, length & # 39; The Global 19 gives 3.73%. In this difference, that is to say the highest level of output is higher in risk assessment, market uncertainty in 2019. On the other hand, This part, on Monday, the ADR turned negatively into cases of more than 5%.

"Unbiased to predict", finishing Neyro about the sights on Argentine newspaper in New York. "In mid-time, if the Argentine economy becomes increasingly faster with the exchange rate, they can show profits again. PBut those features that you refer to – commercial warfare, genetic situations – can be seen; affecting it"

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