Skip Navigation

Close and don't show again.

Your browser is out of date.

You may not get the full experience here on National Journal.

Please upgrade your browser to any of the following supported browsers:

Argentina's Stock Exchange Is Down After World Cup Loss Argentina's Stock Exchange Is Down After World Cup Loss

This ad will end in seconds
 
Close X

Not a member? Learn More »

Forget Your Password?

Don't have an account? Register »

Reveal Navigation
 

 

The Next Economy | Big Questions

Argentina's Stock Exchange Is Down After World Cup Loss

And Germany's stock exchanged closed up. Coincidence?

Brokers watch a replay of the German versus Argentina FIFA 2014 World Cup match, at the stock exchange in Frankfurt, Germany.(DANIEL ROLAND/AFP/Getty Images)

After its soccer team lost the World Cup final, tears weren't the only things falling in Argentina. So, too, was its stock exchange.

On Friday, we wrote about the historic correlation between defeats in major soccer matches and subsequent dips in the losing team's national stock exchange. It seems that the trend continued following Argentina's loss to Germany on Sunday.

As of 1 p.m. Eastern ti,me, the Buenos Aires Stock Exchange Merval Index was down by 0.82 percent at 8,949.75, a loss of 72.33 points.

 

With his goal in the 113th minute, Mario Gotze not only lifted Germany to a World Cup victory but he might have also lifted his country's stock exchange.

While a win in a major international game doesn't always mean a large boost in that country's stock exchange, investor moods were up in Germany on Monday, as the DAX, Germany's stock index, closed up 1.2 percent at 9,783.04.

But fret not, Argentine investors, at least you didn't lose by 6 goals.

Job Board
Search Jobs
Biomedical Service Internship Position
American Society of Civil Engineers | Flint, MI
Fire Sprinkler Inspector
American Society of Civil Engineers | Charlotte, NC
Professional Development Program Engineer
American Society of Civil Engineers | Farmington Hills, MI
Deputy Director of Transit Operations
American Society of Civil Engineers | San Jose, CA
Transportation Planner
American Society of Civil Engineers | Salinas, CA
Assistant Professor - Water Resources/Ecological Engineering
American Society of Civil Engineers | Auburn, AL
Product Manager - Chemical Development and Supply - Tulsa, OK
American Society of Civil Engineers | Tulsa, OK
Commissioning Intern
American Society of Civil Engineers | Chicago, IL
Assessment and Remediation Team Lead
American Society of Civil Engineers | Regina, SK
Business Development Manager
American Society of Civil Engineers
Sr. Controls Systems Engineer
American Society of Civil Engineers | Grand Island, NE
Senior Project Manager- Transportation
American Society of Civil Engineers | San Antonio, TX
Materials Engineer 2
American Society of Civil Engineers | IL
Land Surveyor
American Society of Civil Engineers
Quality Engineer
American Society of Civil Engineers | Attica, IN
 
Comments
comments powered by Disqus