Financial markets are coming off a harsh Black Friday as global risk aversion rises due to renewed fears of further complications with the COVID-19 pandemic caused by the South African strain Omicron. “Stop intervening in the ‘MEP’, devalue at the rate of inflation and cut quotas for spending abroad, are all measures that bring you closer to the agreement with the IMF “, estimated analyst Christian Buteler.
“External moodiness is activated by a new variant of the coronavirus,” said economist Gustavo Ber, who stated that “concerns are growing not only regarding the possibilities of reaching a political consensus to move towards a ‘road map’ that leads to a agreement with the IMF, but also on subsequent implementation (…) to improve the expectations of economic agents. “
“In exchange matters, the pressures (in 2021) went from lower to higher and the future trajectory of the exchange rate today is in the center of the scene. One of the key variables to think about what will happen to the dollar are the Bank’s reserves Central“, published the consulting firm Ecolatina.
“Despite the strong jump in foreign exchange liquidation from agribusiness, net reserves will not grow and, to make matters worse, they will most likely end the year below the December 2020 level,” he added.
“After the recent legislative elections, there are issues that focus political attention,” said the consulting firm Massot / Monteverde & Asoc. attributed to Alberto Fernández to start a second stage of his government (…) they explain and complement each other, “he said.
“Dollar bonds are still in free fall in the absence of concrete progress with the IMF,” said Paula Gándara, head of portfolio management at AdCap Asset Management. “The GDP of 2021 would close about 10% increase” due to the rebound after the pandemic, in a context of high inflation that in “November would have closed with 3.5%,” he said.
“Today the country has very good variations, both on the Equity side and on the debt side, but to manage the short term you also have to look at the fundamentals and the market sentiment. Today we are seeing that market sentiment: there are 1800 points of country risk, which speaks of a lack of confidence and a lack of certainty about the direction Argentina is taking.“, Federico Diez de Quinquela Fondos considered.
“Cryptocurrencies have the potential to change the financial world, but they are still highly speculative assets. Their volatility removes them from the field of currencies, which are much more stable, and their correlation with commodities, rates and stocks, gives them an evident cyclical trend “, described the consulting firm Delphos Investment.
Source From: Ambito
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