Merval down 3.3% after Griesa denies stay

Merval stock market drops 3.3 percent to 7,708.25 units after US Judge Thomas Griesa denied today Argentina’s request to suspend the ruling that obliges the country to pay “vulture funds” in order to honor its restructured bond commitments.

Boden 2015 in US dollars drops 2.6%, while the “par dollar” decreases 2%.

Meanwhile, Argentina's country-risk goes up 1.3% percent to 676 basis points in the JP Morgan EMBI index.