In the fixed income segment, sovereign securities rise up to 1.8%, headed by the Bonar 2029followed by Bonar 2041 (+1.4%), the Global 2030 (+1.3%) and the Bonar 2030 (+1.3%). In that context, country risk drops 4.3% (47 points) to 1,056 basis pointsas measured by JP Morgan.
“Very, very good meeting,” said the head of the, after taking a photo with the Minister of Economy, in Washington. Georgieva explained that there is a “an agreement on the country’s priorities.” He revealed that he congratulated the minister “for the award he received, which is well deserved, because we observe the objective and economic indicators of Argentina and we see the improvements”according to statements collected by La Nación.
In the midst of progress towards a new negotiation with the International Monetary Fund (IMF), the Minister of Economy and other members of the economic team met this Wednesday with the Managing Directors of the Monetary Fund. Caputo’s first meeting was with the Fund’s number two, Gita Gopinath, and occurred early in the morning.
“With Caputo’s meetings with the Fund, some rumor always appears that they are going to give us a loan. Added to this is the announcement of financing of US$2 billion from the World Bank, and the possibility of obtaining another US$6 billion from a REPO. “All this news boosts bonds, and clearly that also benefits the banks, which are the ones that rise the most,” commented to Scope Rafael Di Giorno, director of Proficio Investment.
ADRs and S&P Merval
In the variable income segment, Argentine shares on Wall Street rebound up to almost 8% thanks to banks: BBVA climbs 7.9%, Macro scale 7.6%, and Supervielle, 7.2%. Meanwhile, the only ones that go down are Bioceres (-2.1%), YPF (-0.5%) and IRSA (-0.2%).
At the local level, the leading index S&P Merval rebounds 3.1% to 1,829,552 unitsafter a sharp drop of 2.6% in the first three days of the week.
Thus, in the leading panel the stocks that climb the most, in line with New York, are the banks, which climb up to 6.6% (Macro), while the only ones that go down are Mirgor (-0.5%), and Comercial del Plata (-0.4%).
Source: Ambito
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