With this news, known in the last hours, ADRS that quote in Wall Street (The local stock market did not operate by the national holiday) they fell up to 5%, from the hand of Edenor, South Gas Transporter (-4.9%), and Port Central (-4.3%).
It should be noted that Next Tuesday 24 MSCI will publish the final decisionalthough in the report known on Thursday he gave a first indication about what could happen with an eventual recategorization for 2026.
This time the Exchange flexibilitythe Elimination of capital restrictions and advances towards the consolidation of a Single and free market of currencies.
Argentina: In what situation is in the MSCI
The national economy is currently in the lowest step of the classification that is “Standalone Market “, and shares with Zimbabwe, Lebanon, Ukraine, Panama, Jamaica and Trinidad and Tobago.
For its part, Emerging market is owned by countries such as Brazil, Mexico, India, Chili, Colombia and China. Although this would imply two steps, since the previous step is “border market”.
According to financial analysts, a change in the classification could trigger A wave of capital incomein particular the JP Morgan estimated a potential flow of up to US $1 billion Towards Argentine financial assets.
Bonds and Risk Country
For its part, Sovereign bonds closed with slight changes in their quotes, with the country’s risk above 720 basic points, Since the “wait and see” continues to prevail among investors, beyond the positive expectation of convergence towards the regional average, and that this can open the possibility of promoting “roll-over” debt maturities.
“While the political scenario is evaluated, especially the movements of Peronism after the condemnation of Cristina Kirchner, the investors also closely follow the strategy for the accumulation of reserves”said economist Gustavo Ber.
In that sense, he remarked that “the market evaluates that a higher level could allow a more accelerated reduction of country risk, since there are still about 300 points above the regional average, which would be crucial to recover access to the market, and thus refinance the expiration of future capital in the future.”
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
