The Argentine stocks They continue with an uneven path this December and take a break from the strong bullish rally in November. The debt in dollarsmeanwhile, records several days with very slight variations. The country risk remains at 735 points. This happens after the national chain of Javier Milei to commemorate his first year in office.
He S&P Merval go up 1.3% to 2,228,761.76 points measured in pesos, while in dollars it scales in equal measure to 2,074 units. Regarding the leading stocks that rise the most are: Southern Gas Carrier (+2.9%), Macro Bank (+2.5%) and Metrogas (+2%).
In Wall Streetshares climb up to 5% hand in hand with Macro Bank, followed by Telecom and Southern Gas Carrierwhich rose 4.1%.
Regarding public debt, the bonuses are quoted with general increases of up to 1.1% led by the Global 2046followed by Global 2030 and 2038 and Bonar 2030 and 2038, all with advances of 0.7%.
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On Tuesday night the president Javier Milei He gave a speech on national television in which he recapitulated what had happened in the first year of his administration and advanced certain measures and projects in economic, fiscal and commercial matters. During the speech, reconfirmed the exit from the stocks by 2025mentioning that it could be via a new program with the IMF or with private investors.
On the other hand, he assured that, although for now taxes can only be paid with pesos, he announced coin competitionby which daily transactions can be carried out in dollars or pesos.
He also mentioned the elimination of 90% of the amount of taxes and that he would return fiscal autonomy to the provinces, which would encourage competition between them to attract investments. Additionally, it announced the development of a new nuclear energy development plan. and announced that they will work to remove obstacles to trade within Mercosur and that they will promote a free trade agreement with the United States.
He Consumer Price Index (CPI) of USA rebounded in November to 2.7% in interannual rate, compared to 2.6% registered in October, according to data published by the US Bureau of Labor Statistics. For its part, the core CPI, which excludes food and energy, remained at 3.3%. Both indices matched forecasts.
“The inflation data from the United States did not bring too much surprise, it was quite in line with what the market expected, which continues to focus on what is going to happen moving forward with the policies that are going to be implemented donald trump. Investors took it quite well and Wall Street reacts positively and what the Fed is going to do -which is already largely discounted for a cut in the next meeting- from now on, it will have an impact on rates and there will be less flow for emerging markets and there may be downward pressure for commodities, in addition to higher borrowing costs for both companies and the State, if it eventually comes out to place debt,” explained the F2 Soluciones Financieras analyst, Andrés Reschini.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
