Risk assets come from verifying an improvement on Tuesday, but this Wednesday they fell strongly between a strong profits and before an expectation of at least two years to achieve a recategorization of the MSCI.
The actions and bonds closed on a low, in a volatile day in the global markets, with Wall Street that ended up. This happened in parallel to the arrival of a mission of International Monetary Fund (IMF) for the first review of the new agreement and after the MSCI did not take into account Argentina for a recategorization for 2026. on the previous day Local assets rose strongly so analysts did not rule out a profits today.
Within that framework, the S&P Merval This Wednesday fell 2% to 2,024,392,670 basic points. Thus, the leading actions that lower were: Passener (-4.4%), Black Loma (-4%), and South gas transporter (-3.3%). In turn, ADRS They sank up to 4.6% in New York, with Black Loma, Edenor, and Telecom or leading casualties.
Rafael Di Giorno of Professionstressed that on this day “It was a day of little volume. In which the ADRs fall but does it to a lesser extent. It is not so serious especially after an important rise yesterday,”. In this way it ruled out that the MSCI decision has a negative impact on the short term.
In summary, Market attention is put in the consistency of the economic course and how that is reflected in public accounts, reserves and exchange rate. “That is what will determine if Argentine assets have room to continue recovering land,” he told the expert Leonardo Anzalone.
In addition, this afternoon, it was known that Argentina scored a deficit of US $ 5191 million in the current account of the first quarter of the year, compared to a corrected positive result of US $ 903 million in the last quarter of 2024the National Institute of Statistics and Census (INDEC) reported on Wednesday.
“This is explained by the negative balances recorded in the balance of services for US $ 4502 million and in primary income for US $ 3333 million,” said the agency.
Bonds and Risk Country
The Bonds in dollars scored most falls this Wednesdayamong which the Bonar 2041 (-0.8%) and the Bonar 2035 (-0.6%).
Source: Ambito
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