Argentine assets are trading higher in foreign markets while the local stock market remains closed for the holiday. The country risk remains at a minimum since 2019.
The Argentine markets are trading higher this Monday, November 18 in the foreign market, while in The local stock market remains without operations due to the national holiday. On Friday the markets closed with strong increases after meeting the president Javier Milei and the American president-elect Donald Trump.
The ADRs operate with increases of up to 8.4% by the BBVA Bankclosely followed by YPF (+8%), IRSA (+6.7%), Supervielle Bank (+6.1) and Southern Gas Carrier (+6.1%).
“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.
Bonds and country risk
The bonuses They closed an incredible week with profits of up to 9% on the New York Stock Exchange. In that context, the country risk measured by the JP Morgan bank, it is located at 769 basis points, a new low from July 2019.
On Friday it was known October financial surplus was $523,398 million and already accumulates 0.5% of the Gross Domestic Product (GDP) in the yearannounced this Friday the Minister of Economy Luis Caputo on your official X account.
The head of the economic portfolio had already announced that the surplus was “important” and, this Friday, confirmed that the primary surplus (before interest payments) was $746,921 million. While, the net interest on debt reached $223,523 million.
Source: Ambito
