The Argentine actions They fell again this Monday, June 23 and The S&P Merval in dollars touched a minimum since last April, while the climbing in the war in the Middle East Incentives the transit to safer assets, waiting for the MSCI decision on any signal on a future recategorization of national assets.
In that context, the S&P Merval He sank 4.2% to 1.977,115.89 basic points, while measured in dollars, the referential lost 4.6% to 1,671 points, the lowest level since April 10.
It is worth noting that the leader of Byma was readjusted to the strong falls of Friday in ADRs (made the “Catch-Up”), when the Local bag did not operate on the holiday on Flag Day.
At the close of last week, the American market of markets MSCI marked as complicated the possibility of a rise in the category of Argentina from the current “standalone” to “emerging”. “It was not a criticism of the current course, but rather a sign that it is still missing to make that jump. On the other hand, The stendalone category step to the border market would seem more viable“They highlighted from the Outlier consultant.
Thus, the actions that fell most in the Merval were: South gas transporter (-8.2%), Passener (-7.9%) and Metrogas (-7.2%).
Meanwhile, in Wall Street the papers of Argentine companies also exhibited majority of casualties, with Galicia Financial Group (-3.2%), YPF (-2.6%) and South gas transporter (-1.9%) at the head. At the far end, Only bioceres, IRSA and Mercado Libre papers eluded the negative trend.
In the middle of the war escalation in the Middle East, with an “weak and pre -ancient” Iranian counterattack, according to Trump’s words), The S&P 500 closed with a 0.96% rise, while WTI oil collapsed about 9% Au $ S67.25. On the other hand, the 10 -year bonus rate yielded 3 basic points to 4.34%, far from 4.5% shown at the beginning of the month.
“The translation of these movements is that the market is paying that the war can stop a little. As long Damián Palais commented, Gold Cocos Financial Advisor.
Bonds and Risk Country
The Bonds in dollarsMeanwhile, they quoted mixed. Even so, Among the most operated titles highlighted the profits; The most prominent were those of the Global 2030 (+1.4%), the Bonar 2035 (+1.3%) and the Bonar 2030 (+1.1%).
The last data of country risk indicated a value of 726 units.
“The new country rise country complicates the debt taking over the governmentwhich aims to refinance debt in international markets. The value of the dollar, the maintenance of much of the stocks for companies and the activity levels are the main doubts of the program, “they said from Bell.
For this Tuesday it is expected to arrive a mission of the International Monetary Fund (IMF) to initiate the review of goals of the new agreement. While fiscal numbers meet the required requirements, compliance with the reserves goal is still far. In that sense, it is worth remembering that recently the Ministry of Economy and the Central Bank (BCRA) They announced a strategy to swell reserves, which includes a new Repo With banks and Bonte tenders (titles that can be placed in exchange for dollars).
Gross reserves this Monday reached U $ 40,887 million and they played maximum of February 2023 after the impact of the last tender of the Bonte that captured U $ S500 million.
On the day when the conditions of the tender were known next Wednesday (neither Bontes, CER debt), the instruments in pesos ended mostly offered. In the case of the fixed rate, the LECAPS cut up to 0.8%, while the boncaps did the same by up to 1.4%.
In turn, the Bonte Ty30p backed 1.8%. On the other hand, the dual fixed/tamar rate fell up to 1.5%. Only the Lelink D16E6 closed upwards, in line with the evolution of the exchange rate, PPI reported.
On the other hand, it was known in the last hours that the province of Córdoba goes out to test the international market. After the failed attempt by the City of Buenos Aires last year, The Mediterranean province announced an repurchase offer for its expiration bonus at 2027 at a price of US $ 99.5. The offer will be concurrent with a new international issuance of which the subscription notice was not yet published but that, according to market rumors, could win in 2033 with a coupon that could approach 9.5%, they said in the City.
Source: Ambito
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