He S&P Merval and the ADRS They are listed on the rise on Tuesday, February 4, before best international perspectives after some ads from the president of the United States, Donald Trump, regarding the tariffs he intends to impose on Canada, Mexico and China They will moderate.
The American president reached an agreement with his peers in Mexico and CanadaSheinbaum and Trudeau respectively, to postpone the tariff rise for a month while both countries deploy the army on the borders to curb drug trafficking and illegal immigration.
In what corresponds to the local square, the president Javier Milei He gave an interview and dion new details about the end of the exchange rate. The first president put for the first time a deadline for exiting exchange restrictions, what would be on January 1, 2026.
Within that framework, the S&P Merval It bounces 2.5% to 2,547,025.91 basic points, while the leading actions that advance are: Edenor (+4.9%), Cresud (+4.4%), and Black Loma (+3.7%).
As for ADRSEdenor also leads the cattle, with 5.3%, followed by Macro Bank (+3.1%), e YPF (+3.1%).
Bonds and Risk Country
As for fixed income, the Bonds in dollars record descents, the greatest of them scored by the Global 2029 (-1.5%), followed by the Bonar 2029 (-0.8%), and the Global 2038 (-0.8%).
He country riskmeanwhile, it is almost unchanged in the 631 points.
Argentine actions and bonds: What to expect in the short term
According to financial analysts, before a local scenario that presents a more stabilized macroeconomy and a more positive perception both in terms of capacity and willingnessIt makes sense to identify the performance channels in which the Hard-Dollar sovereign curve could operate in a stage in the short term.
“We awarded one High probability to the stage in which The economic team does not give in to the pretensions of the IMFprioritizing the deflation and convergence of the gap over the accumulation of reserves. This position, added to the bureaucracy of the organism, Probably slow the negotiation of a new programwhich implies that, in the absence of fresh funds and without an exit of the stocks in the short term, we could see a lateralization of global bonds, while real money investors expect the appearance of more forceful drivers to enter, “they said from Delphos Investment.
According to this same report, so that The country risk continues to compress around 400 basic pointsas it was in the 2015-2019 period, level comparable to EMBIERICA, they believe that it will be necessary to meet at least one of these two fundamental points: A substantial victory in the elections or an exit of the stocks, which would probably happen after a new agreement with the IMF.
With regard to the Variable Income Market, it should be noted that there were few actions managed to sustain in positive land in January. Some stood out Utilities of the general panel and certain roles of the financial sector, with Bbar and supv With an outstanding performance, while Ggal And, to a lesser extent, BMAThey recorded more moderate advances.
“This calm in the local market does not seem to be an alert signal, but A healthy movement after a year of extraordinary increases. Given the level of demanding valuations of the assets that make up the market, It would not be strange if the Merval enters a lateralization phase, waiting for drivers to drive a new trend “they closed.
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.
