Bloomberg News

ARGENTINA DAYBOOK: Central Bank Debt Auction, Teacher’s Strike

March 05, 2012

Argentina’s central bank holds its weekly auction of fixed- and floating-rate peso debt today.

Teachers’ unions stage a national strike to demand higher wages.

WHAT TO WATCH

* Argentina’s central bank announces results of its weekly auction of fixed- and floating-rate peso debt at about 7 p.m. local time.

ECONOMY/COMMODITIES:

* Port workers and stevedores will stage a 1-day strike March 7 at all the country’s ports, the two unions said in an e-mailed statement.

EQUITIES:

* The Merval (MERVAL) Index fell 2.4 percent to 2,690.58 yesterday, led by YPF SA (YPFD), the country’s biggest energy company, which fell 6.9 percent to 132.7 pesos.

MARKETS:

* The peso was little changed at 4.3350 per dollar. The currency has declined 0.8 percent against the dollar this year.

To contact the reporter on this story: Eliana Raszewski in Buenos Aires at eraszewski@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net


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