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EMERGING MARKETS-Latam stocks up, Argentine peso closes up before Fitch downgrade

Most Latin American stocks rose on Monday, joining a rebound in global markets on hopes of fiscal and monetary stimulus in major economies, while Argentina was handed a fresh blow as Fitch downgraded its credit rating, pushing it deeper into junk territory. Stocks in the region, besides those in Argentina, gained between 2% and 0.4% as fiscal stimulus hopes from Germany and China t [Source]

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Category: companyNews

Topics: stocks, fitch, argentina, hopes, stimulus

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