The Buenos Aires Stock Exchange suffered the contagion effect of the fears that international markets generated the political conflict in Egypt, at a news conference that the highlight was the lack of business.

With an eye on what was happening abroad and as investors sought safety in U.S. Treasury bonds, the Merval index of the selected companies as leaders fell 0.93 percent to 3583.11 in the week resigned units by 1.787 percent.

Except for Ledesma (+1,94%), Tenaris (+0,73%), Transener (+0,59%) and Petrobras Argentina (+0,46%), other companies could not Merval improve positions.

The losses were led Banco Patagonia (-3.50%), Banco Frances (-3.20%), Edenor (-3.03%), Banco Hipotecario (-2.98%), YPF (-2.91% ) and Molinos Rio (-1.77%).

With a low turnover - 46.18 million pesos, on a journey that took almost an hour and a half less of activity by technical problems in the system
computer, the balance came across 20 hikes, with 51 casualties and 11 companies unchanged.

The unfavorable international market by the wave of rioting in Egypt tarnished some favorable data on the progress of the U.S. economy in the fourth quarter grew 3.2 percent, while consumption in the last three months of last year showed an acceleration of 4.4 percent, when projected a 4.00.

In the sector of Argentine bonds became widespread profit-taking and among those most affected by sales were the Par and Discount in pesos, with a low of 2.68 and 2.03 percent respectively. Coupons GDP, however, offered more resistance and were giving up ownership cent down 0.26 percent.

The caution that privileged all movements in foreign markets transformed the U.S. Treasury in one of the safer havens, according to reports from Wall Street, which made the performance is reduced to 3.33 percent (last 3.38%) in the case of 10-year notes.

SoURce Financial Scope