From The Monday Newspaper (Argentina)-
Last week was sent in Point Weekly alert tone. After the ruling of the Federal Court of La Plata that stopped the so-called “rate hikes”, uncertainty overflew the Argentina economy as it had done in recent months.
Shares of energy felt the impact. Metrogas came to be 5.3% down on Monday after the news broke. Edenor 4.7% fall until Thursday, and Pampa Energia, which came down 3.0% on Monday, recovered losses on Friday and the morning were 1% above the close of the previous week.
I find it curious that all talk of rate hikes. I am not previously heard about or the “inflacionazo” or the “deficitazo” or the “congelazo”; all measures taken by the “kirchnerazo”. But the truth is that the Point Monday generated many comments, both positive and negative…