Overview

• Edenor led the sell-off with a 5.9% slide and Pampa Energía fell 5.6% among ADRs in New York
• Despegar, Ternium and MercadoLibre were the only major ADRs to finish with marginal gains of 0.2%, 0.1% and 0.0% respectively
• Most dollar-denominated Argentine bonds gained ground while the country’s risk premium held near 679 basis points
• President Trump’s announcement of a 50% tariff on copper imports drove U.S. copper futures up 13%, closing at a record $5.69 per pound
• All three main Wall Street indexes rose—led by a 0.7% gain in the Nasdaq—and European stocks hit one-month highs on bank earnings