The indicator that measures JP Morgan fell 31 units on Monday and hit its lowest level since February 14, 2019. Therefore, this Tuesday it is heading to drill another key level.
He country risk continues at minimum February 2019 after the good run of Argentine sovereign securities. The sharp drop in the cost of debt occurred after the slowdown in inflation in November and the first quarterly growth of the economy in the era of Javier Milei. Meanwhile, the S&P Merval climbs 1.89% and it continues to rise.
The truth is that the dollar bond curve extends the good performance, now they operate in green on Wall Streetheaded by Global 2041followed by Bonar 2030 (+2.2%), the Bonar 2035 (+2%), Banking entities.
The dynamics of actions
The actionsfor their part, rose up to 4.74%, led by the banks. The one that climbs the most is BBVA (BBAR), followed by Grupo Financiero Galicia (GGAL), which recovers 4.08%, and Supervielle (SUPV), which climbs 3.77%.
Regarding the bond and stock market, for financial analyst Leonardo Svirsky everything indicates that there is no ceiling. This is because “all the indicators we are having are very positive, many analysts see the country risk below 500 points and stocks setting new highs,” he comments.
Meanwhile, Nicholas Cappellathe sales trade of IEBpointed out that this decline is due to good inflation data, as well as macroeconomic data. “There may be some bonus effect and early reinvestment of the interest to be paid in January. The truth is that with the country risk reaching 700 points, it is increasingly easier to get excited about new debt placements next year for ‘ roll out expirations,” he noted.
Argentine companies on Wall Street
For their part, the shares of Argentine companies abroadwhich rose sharply the previous day, operate with a majority in red, although the banks have an upward dynamic, just as happens in the local market. They climb up to 3.15%, led by Grupo Supervielle, which marks an increase of 3.54%, followed by Grupo Financiero Galicia (+2.54%) and BBVA (+1.35%). Meanwhile, the declines reach 3.37%. The one that sinks the most is Despegar, followed by IRSA (-2.50%) and Edenor (-2.40%).
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.
