NewzArgentine stocks advanced against a negative trend on Wall Street, moving independently of broader international market pressures. The divergent local market movement occurred alongside a significant surge in global oil prices, with Brent crude futures surpassing 90 dollars per barrel.
The rise in energy prices was driven by heightened geopolitical tensions, specifically stemming from the first direct exchange of fire between the military forces of the United States and Iran in approximately a month. Meanwhile, currency and digital asset markets experienced separate volatility, marked by the euro falling below 1.16 dollars due to anticipated US interest rate hikes and risk aversion in the Middle East, alongside ongoing activity in the cryptocurrency sector initiated by Bitcoin.
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