• ARGENTINA: Merval Rises 0.84% Ahead Legislative Elections Merval, the main index of the Buenos Aires Stock Exchange, rose 0.84% Friday, closing at 27,030.26 points amid optimism among investors for the victory of the ruling coalition in Sunday's legislative elections. In the week, however, the Merval fell 0.55%. "Investors moved to the polls because of the national legislative elections on Sunday. The expectation of a very good performance by the ruling party served as an excuse for the Merval index to be located again above the 27,000 points," said Eduardo Fern?ndez, an analyst at Rava Burs?til. However, the vote will occur amid a confusing scenario. The latest surveys point out to a technical tie between the ruling coalition and the former President Cristina Kirchner for the Buenos Aires' Senate chair after fresh news related to the "Maldonado affair." A body found this week in the same region where searches for the 28-year old backpacker Santiago Maldonado were b..

    ARGENTINA: Merval Rises 0.84% Ahead Legislative Elections

    ARGENTINA: Merval Rises 0.84% Ahead Legislative Elections Merval, the main index of the Buenos Aires Stock Exchange, rose 0.84% Friday, closing at 27,030.26 points amid optimism among investors for the victory of the ruling coalition in Sunday's legislative elections. In the week, however, the Merval fell 0.55%. "Investors moved to the polls because of the national legislative elections on Sunday. The expectation of a very good performance by the ruling party served as an excuse for the Merval index to be located again above the 27,000 points," said Eduardo Fern?ndez, an analyst at Rava Burs?til. However, the vote will occur amid a confusing scenario. The latest surveys point out to a technical tie between the ruling coalition and the former President Cristina Kirchner for the Buenos Aires' Senate chair after fresh news related to the "Maldonado affair." A body found this week in the same region where searches for the 28-year old backpacker Santiago Maldonado were b..
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  • Bitcoin Surpasses $6, 000 Mark for the First Time Bitcoin soared to a new historic high of more than $6, 000, driving up its market value to $100 billion at one point, as investors continue to put faith on an asset that has a supply cap. For the year 2017, the digital currency has rallied by more than 500 percent, higher than any other tradable asset type. Despite the massive gains, bitcoin trading tends to be volatile- it can post gains as high as 26 percent and losses as big as 16 percent on any trading day. The cryptocurrency hit a record level of $6, 000 on the BitStamp platform on Friday, and last traded at $5, 964.24, 4.7 percent higher on the day. Bitcoin, which is a digital currency that can be either held as an investment or used as a foundation for future applications via the blockchain, is more scarce than most people perceive. The number of existing bitcoins is not expected to surpass 21 million. According to analysts, a number of factors fueled the surge in prices. ..

    Prime News: Bitcoin Surpasses $6, 000 Mark for the First Time

    Bitcoin Surpasses $6, 000 Mark for the First Time Bitcoin soared to a new historic high of more than $6, 000, driving up its market value to $100 billion at one point, as investors continue to put faith on an asset that has a supply cap. For the year 2017, the digital currency has rallied by more than 500 percent, higher than any other tradable asset type. Despite the massive gains, bitcoin trading tends to be volatile- it can post gains as high as 26 percent and losses as big as 16 percent on any trading day. The cryptocurrency hit a record level of $6, 000 on the BitStamp platform on Friday, and last traded at $5, 964.24, 4.7 percent higher on the day. Bitcoin, which is a digital currency that can be either held as an investment or used as a foundation for future applications via the blockchain, is more scarce than most people perceive. The number of existing bitcoins is not expected to surpass 21 million. According to analysts, a number of factors fueled the surge in prices. ..
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  • ARGENTINA: Merval Rises 0.84% Ahead Legislative Elections Merval, the main index of the Buenos Aires Stock Exchange, rose 0.84% Friday, closing at 27,030.26 points amid optimism among investors for the victory of the ruling coalition in Sunday's legislative elections. In the week, however, the Merval fell 0.55%. "Investors moved to the polls because of the national legislative elections on Sunday. The expectation of a very good performance by the ruling party served as an excuse for the Merval index to be located again above the 27,000 points," said Eduardo Fern?ndez, an analyst at Rava Burs?til. However, the vote will occur amid a confusing scenario. The latest surveys point out to a technical tie between the ruling coalition and the former President Cristina Kirchner for the Buenos Aires' Senate chair after fresh news related to the "Maldonado affair." A body found this week in the same region where searches for the 28-year old backpacker Santiago Maldonado were b..

    ARGENTINA: Merval Rises 0.84% Ahead Legislative Elections

    ARGENTINA: Merval Rises 0.84% Ahead Legislative Elections Merval, the main index of the Buenos Aires Stock Exchange, rose 0.84% Friday, closing at 27,030.26 points amid optimism among investors for the victory of the ruling coalition in Sunday's legislative elections. In the week, however, the Merval fell 0.55%. "Investors moved to the polls because of the national legislative elections on Sunday. The expectation of a very good performance by the ruling party served as an excuse for the Merval index to be located again above the 27,000 points," said Eduardo Fern?ndez, an analyst at Rava Burs?til. However, the vote will occur amid a confusing scenario. The latest surveys point out to a technical tie between the ruling coalition and the former President Cristina Kirchner for the Buenos Aires' Senate chair after fresh news related to the "Maldonado affair." A body found this week in the same region where searches for the 28-year old backpacker Santiago Maldonado were b..
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  • COLOMBIA: Colcap Drops 0.28% On Bancolombia, Ecopetrol And ISA Colcap, the main index of the Colombian Stock Exchange, fell 0.28% Friday, closing at 1,464.99 points due to the poor performance of Bancolombia, Ecopetrol and ISA. In the week, the market dropped 1.43%. Erika Baquero, an analyst at Alianza Valores, said that Bancolombia stocks kept their downward trend following the recent recommendation made by JP Morgan. The state-owned oil company Ecopetrol lost ground after reports that its Program of Alienation in the shareholding of Empresa de Energ?a de Bogot? (EEB) is set to expire on December. The shares of ETB (+2.21%), Conconcreto (+1.33%), EEB (+1.24%), Cemex (+1.24%), Grupo Aval (+0.38%), Corficolombiana (+0.35%), Avianca (+0.18%), and Sura (+0.15%) rose, while ISA (-1.18%), Ecopetrol (-1.03%), Bancolombia (-0.39%), and Preferencial Bancolombia (-0.31%) fell. Meanwhile, the locally traded U.S. dollar closed the day at 2,937.99 Colombian pesos, up 0.65%, influenced b..

    COLOMBIA: Colcap Drops 0.28% On Bancolombia, Ecopetrol And ISA

    COLOMBIA: Colcap Drops 0.28% On Bancolombia, Ecopetrol And ISA Colcap, the main index of the Colombian Stock Exchange, fell 0.28% Friday, closing at 1,464.99 points due to the poor performance of Bancolombia, Ecopetrol and ISA. In the week, the market dropped 1.43%. Erika Baquero, an analyst at Alianza Valores, said that Bancolombia stocks kept their downward trend following the recent recommendation made by JP Morgan. The state-owned oil company Ecopetrol lost ground after reports that its Program of Alienation in the shareholding of Empresa de Energ?a de Bogot? (EEB) is set to expire on December. The shares of ETB (+2.21%), Conconcreto (+1.33%), EEB (+1.24%), Cemex (+1.24%), Grupo Aval (+0.38%), Corficolombiana (+0.35%), Avianca (+0.18%), and Sura (+0.15%) rose, while ISA (-1.18%), Ecopetrol (-1.03%), Bancolombia (-0.39%), and Preferencial Bancolombia (-0.31%) fell. Meanwhile, the locally traded U.S. dollar closed the day at 2,937.99 Colombian pesos, up 0.65%, influenced b..
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  • Pretty much across the board USD strength as Tokyo get well and truly underway and Singapore & Hong Kong entering for the week. Updates: Yen seeing some weakness after Abe's win - more of the same expected from the BOJ and the focus back on developments in the US also. earlier:

    USD broadly higher; USD/JPY above 114

    Pretty much across the board USD strength as Tokyo get well and truly underway and Singapore & Hong Kong entering for the week. Updates: Yen seeing some weakness after Abe's win - more of the same expected from the BOJ and the focus back on developments in the US also. earlier:
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