Argentina’s Stock Exchange Is Down After World Cup Loss

And Germany’s stock exchanged closed up. Coincidence?

Brokers watch a replay of the FIFA 2014 World Cup match Germany vs Argentina at the stock exchange in Frankfurt, Germany.
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Matt Vasilogambros
July 14, 2014, 9:20 a.m.

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.


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