Argentine Stock Market Gains

Argentine stocks and bonds rise on global optimism and a Middle East truce. MERVAL gains 1%, while YPF shares fall due to oil price drop. Country risk decreases.

Buenos Aires, April 8 (NA) – Argentine stocks and bonds are showing sustained gains mid-session this Wednesday, fueled by global optimism due to a truce in the Middle East war. The MERVAL index rises 1%, with the particularity that YPF's share falls 4.7% due to the drop in oil, which is located at US$94. ADRs in New York are also trading up with YPF down 3%. Public debt bonds recover and the Country Risk falls to 563 points.

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