“Although we are cautious and we are waiting to know the specific measures that will be announced during the week, we believe that for the market it is something positive, given that the figure of Massa represents someone with experience in the markets and that has developed relationships with investment funds, both local and international, and we believe that this understanding can be positive”, they said from Adcap Grupo Financiero.
For their part, Argentine companies listed on Wall Street closed mixed. Edenor (6%) and Cresud (3.4%) led the increases, while the losses were led by Central Puerto (5.6%), and Pampa Energía (4.3%).
“The pause with which the external climate threatened was immediately transferred to the progress of domestic assets, thus reflecting that not only the expectations for the new economic leadership would have contributed to reactivating tactical bets, but also the greater appetite for global risk played a relevant role”, said Gustavo Ber from Estudio Ber.
Bonds and country risk
Dollar bonds fell across the board after rising 0.8% on average on Monday and climbing 7.2% last week on speculative buying.
The biggest decreases this day were for the Bonar 2030 (3.9%), the Bonar 2038 (3.2%) and the Global 2035 (2.8%). In this framework, the country risk measured by the JP bank. Morgan rose 16 points to 2,419 points, but was still below the recent intraday all-time high of 2,976 points.
Source: Ambito
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