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Argentina Stocks, Bonds Up On European Bank Stress-Test Relief
Wall Street Journal
July 23, 2010

Argentine stocks and bonds edged higher Friday as a relatively benign end to European bank stress tests brought relief to investors across the globe.

Argentine shares started with slight gains but dipped in early afternoon trade before tracking higher in the afternoon.

The Merval Index of leading shares ended the day 0.65% higher at 2,375.20 points.

Bonds moved generally higher with small price changes. Government debt performed well this week on speculation that the government may be poised to sell new debt overseas. That would mark a return to international lending markets, which have been closed to the country since the 2001 default.

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