The Argentine stocks maintain the positive trend in the US stock market this Thursday and record increases of up to 4.7%, while the dollar bonds They operate almost without variation and the country risk pierces 800 basis points.
In Wall Streetlocal stocks rise to 4.7% by the hand of Gas Carrierfollowed by IRSA (+4%), Telecom (+3.8%) and YPF (+2.8%). At the other extreme, those that drop the most are Free market (-3.5%), Bioceres (-3.4%) and Macro Bank (-1.6%).
In the Buenos Aires stock market, the leading index, S&P Mervalscale 1.1% to 2,063,119.93 points and so far this week it is already earning 5%. Panel actions rise up to 4.3% headed by Telecom.
The orthodox politics of the president Javier Milei allows the Argentine financial market to go through a unusual “spring” with record bond paritiesmaximums in the Buenos Aires stock market.
Furthermore, the Central Bank (BCRA) managed to increase international reserves above the 30,000 million dollars.
The inflation frame 2.7% in september as reported by the National Institute of Statistics and Censusesand the interannual variation (yoy) has already reached 200% (193% yoy).
The data was celebrated by the Government and the president himself Javier Mileiwho announced that in five more months Argentina could get out of the exchange rate. “I warn you that if we repeat numbers along these lines for two more months, we will be lowering the crawling peg to 1% and when we repeat 3 months of 1% we will be freeing the exchange market,” said the President during the meeting. Annual Gala of the Endeavor Foundation, at the Faena Art Center.
Bonds and country risk
The dollar bonds they go up to 0.5% in New Yorkled by Global 2041followed by Bonar 2041 (+0.4%) and the Global 2046 (+0.3%), while those that fell the most were Bonar 2038 (-0.4%) and the Bonar 2029 (-0.3%).
He country risk drops 1.3%, or 10 units, pierces the 800 units and pierce the 790 basis pointsas measured by JP Morgan.
The CER curve climbs up to 1.3%, while the Bopreal drops almost 1% and the dollar linked rises 0.5%.
Source: Ambito
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