Merval drops, local bonds mixed

Argentina's benchmark Merval index declines 1.1 percent to 2,316.59 points.

The peso-denominated Discount increases 0.3 percent; GDP-linked coupon, 0.5 percent; whereas the Bogar 2018 bond drops 0.5 percent; 2017 Global bond, 0.8 percent.

Meanwhile, Argentina's country-risk falls 0.8 percent to 748 basis points in the JP Morgan EMBI+ index.