Argentine ADRs closed mostly higher on Monday in New York, while the S&P Merval index rose 4%. Oil prices topped US$110 per barrel amid rising tensions in the Persian Gulf, following Friday's declines.
Argentine ADRs traded mostly higher, with Edenor rising 6.6% and Loma Negra gaining 4.7%. Country risk stood at 543 basis points, according to J.P. Morgan data.
The government reported a fiscal surplus of $268.103 million in April. Economy Minister Luis Caputo said this allows fiscal order while taxes are reduced.
The official dollar remained stable at $1,370 for buying and $1,420 for selling. The blue dollar fell $5 to close at $1,410.
