News of black monday

PASO FALL-OUT

Argentina assets extend slump as election-fuelled rout deepens

13-08-2019 18:48 One day after the so-called 'Black Monday,' Argentine assets continue to decline. Stocks were the one bright spot, rebounding eight percent.

Black monday

Country risk soars, traders dump assets as fears of Argentina default loom

13-08-2019 12:56 The implied probability of an Argentine default over the next five years skyrocketed after Sunday’s shocking blow to President Mauricio Macri’s election campaign.

Black monday

Black Monday: Peso slumps to 60 per dollar in some banks, MERVAL collapses

12-08-2019 13:18 Central bank ups interest rates to nearly 75 percent as peso and stock market collapse.

ECONOMIC QUESTIONS

The Wall Street shuffle

10-02-2018 10:22 “How black was Black Monday? Dow Jones dropped 1,175 points, thus far outstripping the 508 points of the previous Black Monday in 1987. But this four-digit plunge only represented 4.6 percent of total share value as against almost a quarter in 1987".

by Michael Soltys