But this does not mean that investors and savers disarm their long-term “joints”, that is, those who are outside and here, but rather that the new flows are directed towards these bets. Also because there are very few who want to pay this price of the informal dollar. To this dollar, that they consider expensive, it is better to buy a CER bond, stock merchandise or do some domestic reform in the home. Two pieces of information that were heard in two meetings with people who had arrived at La Rosada, El Patria and Fundación Pensar. I mean, with your feet on all the plates.
Another fact about the market’s bet on inflation is that as anticipated by ÁmbitoUVA time deposits grew 5.3% monthly in March, according to the Monetary Report published by the Central Bank (BCRA). It happened while the INDEC announced that inflation accelerated to its highest level in almost a year.
In the middle of last month, the official body of public statistics reported that prices had increased 4.7% in February, the highest figure since March 2021. In this framework, investments indexed to inflation became even more attractive.
It was the second consecutive month in which UVA placements rose more than 5%. Thus, current growth rates are the highest since last July.
He is so strong “carry trade” in Brazil that Bolsonaro has seen the exchange rate fall from R$5.75 at the end of 2021 to less than R$4.6. This has undoubtedly been a big hand for Miguel Pesce’s BCRA in its crawling peg crusade.
And speaking of the neighbors, the information circulated that the rains were so heavy in Brazil that the dams are full, so they won’t need as much gas from Bolivia, and that gas will be able to come to Argentina to cover the deficit. How curious, an ideologically distant president extends a hand to Alberto Fernández, and another more similar, like the people of Evo Morales, was more distant.
Some movements in the market repo book have taken place in recent weeks, such as the appointment of Lisandro López as Financial Manager of the insurance company Caledonia and the landing of Ignacio Pérez Andrich (former ICBC) in the management company Quinto Inversiones for the corporate banking business. . It also transcended the departure, after 20 years, of Banco Patagonia from the Uruguayan financial center. The Uruguayan subsidiary of the Argentine bank, controlled by Banco do Brasil, reportedly submitted the withdrawal request to the Central Bank of Uruguay at the end of last month.
The novelty forced Moody’s to issue a statement in which it affirmed the ratings of the bank’s local and foreign currency deposits, hoping that the entity complies with all of its commitments during the liquidation process. Patagonia was the only one in Uruguay that had an IFE (external financial institution) license. This type of entity can operate exclusively with non-resident clients, with whom it can carry out all financial intermediation activities and related services, including the receipt of demand and current account deposits in foreign currency and authorize it to be drawn against them. by using the check. 95% of the bank’s deposits (approximately US$60 million) come from Argentines. Apparently the bank had losses in the last two balance sheets. Last year it had to be capitalized to comply with regulations.
Who is never on the sidelines of the talks between managers is the famous Warren Buffett who was commented yesterday made a move that generated strong profits for Berkshire Hathaway. Buffett’s bet was the technological HP (which was born in 2015 after the spin-off of Hewlett-Packard in two companies: HP was left with the business of manufacturing printers and computers; and Hewlett Packard Enterprise specialized in servers, storage and networking equipment).
The Oracle of Omaha bought an 11.4% stake in HP, through the acquisition of a portfolio of 121 million shares (a transaction valued at $4 billion). When the operation was known, HP papers shot up more than 10% on Wall Street.
Source: Ambito
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