The S&P Merval rises and shares climb up to 7%, after the November inflation data

The S&P Merval rises and shares climb up to 7%, after the November inflation data

December 12, 2024 – 11:11

After knowing the inflation data for November, a level below that of October, the Argentine market operates with general increases in both fixed and variable income.

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He S&P Merval go up and Argentine stocks they climb up to 7%, after the November inflation data that was below the October level. Furthermore, fixed income operates with increases and country riskwhich measures the JP Morgan, falls to 719 points, a new low since 2019.

Thus, the local selective rises 1.3% to 2,321,070.75 basis points, measured in pesos, and in foreign currency it rises 2,169.41 units. The papers that rise the most this day are Metrogas (+7%), Black Hill (+6.1%) and Southern Gas Carrier (+6%).

“After oscillating for more than a week around its highs, The Merval returned to the fray to mark the highest level of the Milei era and, since February 1, 2018 in constant terms. Specifically, it jumped 4.6% to reach US$2,138. It should be noted that it was a good day for equity globally, with the Nasdaq and the S&P500 adding 1.8% and 0.8%, respectively,” explained PPI regarding the previous day.

As for the debt in dollarsmixed price, the biggest drop is for the Bonar 2041 (-1.7%), followed by Global 2046 (-1.6%), while the greatest increase is for the Global 2041 (+0.4%), and the Global 2038 (+0.4%).

Source: Ambito

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