financial analysts maintain the positive trend at the beginning of the month encouraged by positive signs about the local macroeconomy. Within this framework, the local stock market started the day on the rise, but turned around and fell, although one of the stocks took off more than 5% this Tuesday, December 3. In this framework, dollar bonds operate unevenly and the country risk rises and exceeds 750 points.
In that context, the S&P Merval turns around and falls 1.1% to 2,273,724.32 points after hitting a new record in hard currency at the beginning of the round and exceeding 2,100 points. In this scenario, the shares are trading mixed, although the rise in Metrogas (+5.6%), while the declines are led by Macro Bank (-2.2%).
ADRs, on the other hand, also yield up to 2.4%, by the hand of Macro Bankfollowed by IRSA (-1%) and Supervielle Group (-1%).
The Customs Collection and Control Agency (ARCA) reported on Monday that Collection grew 4.2% year-on-year during November, in real terms, thanks to the greater contribution of the Income Tax and of special money laundering tax. The agency showed total revenues of $13 billion.
Bonds and country risk
In the fixed income segment, dollar bonds they operate disparately with casualties of up to 1% led by the Global 2038he Bonar 2041 (-0.5%) and the Bonar 2035 (-0.4%). Meanwhile, the increases are led by the Global 2046 (+0.4%), followed by Global 2030, 2029 and the Bonar 2030which rise 0.3%. Meanwhile, they fall up to 1%. Thus, the country risk measured by the JP Morgan It rises 5 units and stands at 754 basis points.
“Bonds are sustained, with slight increases, as well as stocks, with financial dollars very calm,” highlights the market analyst Leonardo Svirsky. However, he warns that we must look at everything with some caution, since Brazil is going through some problems and the real is devalued day by day. “I’m afraid that something could complicate things for us,” he says.
For its part, Andrés Reschini, analyst at F2 Soluciones Financieras, points out that, “In short, the market remains optimistic regarding Argentina but these days it is more noticeable in stocks than in sovereign fixed income”. In these assets, the rally seems to have paused while waiting for signals regarding inflation and everything that has to do with the payment of debt in foreign currency. Likewise, he maintains that, in Wall Street“the market is somewhat cautious in anticipation of the labor market data that will be revealed this week and the signals that come from Trump’s entourage.”
News in development.-
Source: Ambito
