Argentine shares lag after World Cup defeat to Germany

Though Argentina’s main Merval index closed up 0.2 percent Monday, it traded sharply lower for much of the session after the team succumbed to a late goal Sunday from German striker Mario Goetze in Rio de Janeiro.
By PAN PYLAS, Associated Press Published: July 14, 2014
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— It’s not just Argentine soccer fans who woke up depressed after their nation’s 1-0 defeat Sunday to Germany in the World Cup final. Traders in Buenos Aires also were feeling blue.

Though Argentina’s main Merval index closed up 0.2 percent Monday, it traded sharply lower for much of the session after the team succumbed to a late goal Sunday from German striker Mario Goetze in Rio de Janeiro. Despite the late advance, the Merval underperformed other markets in the region and around the world, notably Germany’s DAX, which closed 1.2 percent higher — the biggest gain Monday among the major European stock indexes.

Associated Press