Stocks are looking to recover, after a turbulent Wednesday following Powell’s statements and the devaluation of the Brazilian real.
Argentine assets operate with disparity this Thursday, December 19, since ADRs partially recover Wednesday’s losses, but the S&P Merval extends declines and bonds fall up to 2%.
The Buenos Aires stock market falls 0.7% up to 2,503,729.68 points, while, measured in dollars, it loses 0.2%. On the contrary, local shares listed on Wall Street advance up to 4.9%led by Grupo Supervielle, Irsa (+4%) and Edenor (+2.7%).
Eric Paniaguaanalyst at Epyca Consultores clarified that “yesterday was a very bad day for the final market after Powell’s statements and that today is going to be a rebound day,” although he does not believe “that it will match the previous strong decline.” , in a context
Despite the turbulence around the dollar and the bad Wednesday that emerging markets had, the financial analyst Leonardo Svirsky He sees that “all the indicators we are having are very positive, many analysts see the country risk below 500 points and shares marking new highs.”
Bonds and country risk
In the fixed income segment, bonds exhibit unanimous declines, reaching up to 2.2% as in the case of Global 2035 (GD35). Behind them are the losses of Bonar 2041 (-2%) and Bonar 2038 (-1.9%).
Source: Ambito
