Trading Stocks In Argentina Night Be Best Lef For The Third Quarter
Argentine Stock investors are preparing for a busy third quarter due to the potential effect of turbulence that continues to affect foreign markets. Argentine stocks fell for the second quarter, hurt by doubts about the strength of the European economy. This created nervousness and investors shied away from trading stocks in emerging markets. The Merval index of leading shares lost nearly 8% during the quarter, to close at 2185.01 points in June. For the third quarter this trend is expected to continue. Markets in the U.S. and Europe will probably continue to fall before stabilizing, dragging the Argentine market further down. However, investors do not expect the effect on the markets is as devastating as in 2008, when the Merval index tumbled 46% in the peak of the global financial crisis. The current market turmoil is only part of the recovery process, many investors feel.
The experts forecast to stabilize the market in August, when there might be a chance of buying at bargain prices in Argentine stocks.