This Monday, Argentine debt and actions operated down on Wall Street in the middle of a collapse of global markets. The New York Stock Exchange had its worst fall since 2022 and Argentine shares suffered a decline of up to 12%, the S&P Merval (Buenos Aires Stock Exchange) in dollars lost more than 6%, the largest fall in 8 months. The bags of London, Paris and Frankfurt fell.
Despite the “imminent” agreement with the International Monetary Fund (IMF) that would bring “fresh funds” to Argentina, investors increase distrust in the country’s economic stability and the country risk exceeds 700 points. For its part, the Central Bank (BCRA) published its monthly report on market expectations (REM), a survey of 39 participants involving consultants, research centers and banks. In it, its inflation prognosis worsened compared to previous estimates, placing the February inflation (which on Friday will announce Indec) in 2.3%.
“Caution”: market fears in Trump’s measures
Wall Street suffered its worst fall this Monday since 2022. Technological actions led the collapse with falls of up to 4%. London’s bags, Paris and Frankfurt also closed down against Trump’s tariff measures that could cause a recession in the United States with worldwide impact.
The company of the billionaire Elon Musk – and now Trump official – suffered a collapse of about 15%. The price of Tesla’s shares were at US $ 223, in the middle of the afternoon, its lowest price since October 23, one day before the US elections. UU. According to Forbes calculations, Tesla’s actions fell more than 53% since its historical maximum in December, promoted by expectation of favorable policies of the Trump administration towards the company. Thus, Elon Musk’s assets was reduced in USD 142.5 billion, currently being at USD 321.5 billion, “compared to its US $ 464,000 million record reached in December,” explains Forbes.
The actions of the other seven magnificent companies (Apple, Microsoft, Alphabet, Amazon.com, Nvidia and Meta Platforms) fell between 2% and 5%. The Dow Jones lost 2.08% and the S&P 500 index contracted 2.70%. Some analysts estimate a loss of market value of up to USD 4.5 billion.
The commercial war launched by Trump as part of a protectionist turn, calls into question the international value chains developed according to the profit of entrepreneurs. It would be completely irrational to abandon industrial plants and production and circulation circuits. Against capitalist irrationality, which subordinates the economy to the generation of profits for a handful of millionaires and their CEO’s, it is necessary to fight for an integration that is based on another type of social organization, whose first order is that of mutual development and cooperation of the peoples.
At a time like this, it is necessary to reconstruct an anti -imperialist and anti -capitalist perspective, which implements all the creative capacity of the working class and that this is the one that manages the production, which in unity with specialists and the people stop the environmental catastrophe and the looting of our natural common goods, and that grants the right to everyone to live where it decides, against the barriers of xenophobia and hate that raises capitalism in the world before the crisis.
Source: www.laizquierdadiario.com
