The Buenos Aires bag It bounced almost 1% this Thursday, June 26 and the Sovereign bonds in dollars They also threw majority rises. It was in the midst of an upward trend in international markets, with world investors attentive to US economic data and increasing their bets for a cut of the Fed rates.
He S&P Merval advanced 0.7% to 2,038,948.45 basic points. Within the papers that the most advanced those of Aluar (+5.2%), South gas transporter (+2%), and Port Central (+1.8%).
In addition, In Wall Street, Argentine Companies papers climbed up to 3.6%led by the profits of Ternuium, Bioceres (+3.3%), Globant (+3%).
The New York Stock Exchange rose this Thursday, approaching S&P 500 and Nasdaq to historical closing maximums, since the high fire between Israel and Iran remained and a series of economic indicators seemed to support the idea that the United States Federal Reserve will reduce financing costs this year. The S&P 500 won 49.93 points, or 0.8%, at 6142.09 units; The Nasdaq Composite advanced 195.48 points, or 1%, at 20,169.03 units; and the industrial average Dow Jones rose 414.33 points, or 1%, to 43,396.76 units.
Operators now see in almost 25% the probability that the FED cuts the rates in July, compared to 12.5% of last weekaccording to the Fedwatch tool of CME Group. It happens in ambiguous economic data in the US since, on the one hand, the GDP suffered its first drop in three years during the first quarter, while they lowered unemployment benefits although in the market they see difficulties in reincorporating those dismissed in new labor sources.
“After the truce in the war confrontation between Iran and Israel, the global markets resumed a calm path. Yes, the statement of the president of the United States, Donald Trump, who said he has candidates to replace Powell in the presidency of the Fed, leaving a margin of doubt about the independence of the Federal Reserve with respect to the Federal Reserve with respect to the Federal Reserve with respect to the Federal Reserve with respect to the Federal Reserve. Ignacio Morales, Chief Investments Officer, of Wise Capital.
In this framework, the economist Gustavo Ber He explained that at the local level “an external context more inclined at this stage towards the ‘risk-on’ allows assets to be coupled and boost a rebound in contributions.”
Bonds and Risk Country
As for the Argentine Fixed Income, the titles exhibited most of them, highlighting those of Bonar 2035 (+0.7%)and the Global 2038 (+0.7%). The last data of country risk indicated a value of 687 basic points.
“The visions of the Compression capacity of rates towards the regional average (400 units) In time, a scenario that would leave an important ‘potential’ upside, “said the economist Ber.
In the peso segment, both the middle and long part of the curve ended in red, although the worst part were taken by the Bontams. These fell between 1% and 1.2%, while the boncaps did it by 0.3% the shortest and 0.9% the longest. In this way, the spred between Bontams -Boncaps for March and June was extended to -38 and -29 PBS respectively, they reported from PPI.
Source: Ambito
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