The Argentine markets They ratified their optimism on Friday after the meeting between the libertarian president Javier Milei and the American president-elect Donald Trump, which could help Argentina obtain better conditions in its agreement with the International Monetary Fund (IMF).
“We highlight the dynamics of financial variables as the main one in a context in which The market weighs more the good relationship of the Government with the future Trump administrationthat the potentially adverse effects for ‘EM’ (emerging) that the alleged trade policies of the new United States Government could implement,” said the SBS Group.
In that framework, the shares of the leading panel of the local stock exchange They rise slightly this Friday, November 14 and boost the S&P Merval index by just 0.4%. The role that rises the most is that of Edenor (EDN), which climbs 3.04%, followed by Southern Gas Carrier – TGS (+2.55%) and BBVA (BBAR), which climbs 1.61%.
An Argentine stock flies on Wall Street
Argentine stocks listed on Wall Street have a positive trend, but The one that surprises the most this Friday is Despegarwhich makes a jump of 16.3% on the panel.
“Despegar, the leading travel technology company in Latin America, presented its financial results for the third quarter of 2024reporting a new period of sustained growth. “Gross reserves amounted to $1.3 billion, with a solid 35% year-on-year increase in constant currency,” a company statement highlights.
The company reports that the quarterly results reflect the company’s commitment to growth through strategic partnerships, innovative payment solutions and strong demand in its key markets. And they add that, in terms of strategic partnerships, Despegar signed several significant White Label agreements throughout the quarter. In the quarter, App transactions reached a record of 50.5%. Mobile downloads also increased 47% year-on-year, reaching an installed base of 19 million devices.
On the other hand, the announcement of the primary fiscal result for October is expected this Friday, just days after the Minister of Economy Luis Caputo said that The country will record a “significant” financial surplus for last month, in line with the orthodox program carried out by the Government.
Bonds and country risk
The bonuses They fell up to 1.3% on the New York Stock Exchange. The one that loses the most value is the Global 2029 (GD29), followed by Global 2035 (GD35), which loses 1% and the Global 2041 (GD41), which lost 0.9%. Meanwhile, those who rise during the day are the Global 2046 (GD46), which climbs 1.71%, the Bonar AL41 (+0.9%) and the Global 2038 (GD38), with +0.7%.
He country risk measured by the JP Morgan bank, it rose 12 units, to 783 basis points, after marking a floor value of 772 units the day before, its lowest since July 2019.
Source: Ambito
I’m a recent graduate of the University of Missouri with a degree in journalism. I started working as a news reporter for 24 Hours World about two years ago, and I’ve been writing articles ever since. My main focus is automotive news, but I’ve also written about politics, lifestyle, and entertainment.
