He S&P Merval It does not stop rising and measured in dollars it exceeded 1,700 points and broke another record from 2018. For their part, the Argentine bonds in dollars and Argentine stocks extended the increases in wall street, while the country risk It fell 17 units and remained below 900 basis points.
The tailwind remained in the Argentine markets after the bank holiday in the local market, after the victory of donald trump in the US presidential elections and waiting for a possible new rate cut by the Federal Reserve (Fed).
In another order, the S&P Merval advanced 2% to 2,015,558 pointsafter the bank holiday. In dollars, it exceeded 1,700 points (1,737) and broke another record from 2018. In that sense, the leading panel highlighted the increases in IRSA (+8.1%); Telecom (+6.7%); and Metrogas (+5.9%). At the other extreme, those that fell the most Aluar (-1.6%), Ternium (-1.4%) and Cresud (-0.4%).
Argentine papers listed on Wall Street, for their part, climbed to 8.2% by the hand of Globantfollowed by Telecom (+6.2%); and Black Hill (+4.3%),
Meanwhile, Mercado Libre plummeted 15.6% after the presentation of its balance sheet.
Bonds and country risk
Argentine sovereign bonds operated positively with advances of up to 2.8%, led by Global 2046, followed by Bonar 2038 (+1.5%), Global 2038 (+1.4%) and Bonar 2035 (+1.3%).
“The markets rise accompanied by the rest of the world, which also follows the advances,” he told Scope Leonardo Svirsky, financial analyst. In that framework, the country risk measured by JPMorgan fell 17 units and was located at 853 basic points, touching a new low in five years.
The personal relationship between the Argentine liberal president, Javier Mileiand the elected Trump opens a favorable political scenario, at the discretion of analysts, pThat is because economically a stronger dollar could generate some complications.
“The victory of donald trump boosted ‘hard-dollar’ sovereign bonds, well above the bonds of comparable countries. The market considers that the close relationship between the Republican leader and the Argentine president could translate into a more favorable context for Argentina,” said the settlement and clearing agency Cohen.
“This direct support from the world’s largest economy would help offset the possible impact of a more challenging environment for emerging economies under the Trump administration,” he said.
The role of the United States is key within the IMF, an organization with which Argentina must renegotiate a loan for 44,000 million dollars again in 2025, at a time of the international reserves of the BCRAthey remain negative.
Source: Ambito
