The S&P Merval gains 1.4% to 2,087,642,200 units. The actions that rise most are those of South Gas Transporter (+2%), Metrogas (+1.6%) and Group Securities (+1.6%).
Argentine shares and bonds operate on the rise This Thursday, July 3, encouraged by the trend of Wall Street prior to its national holiday. In the market, a report by the British Giant Barclays on Argentina was analyzed, discarding imminence of an external crisis, but highlighting the need to add liquid reserves to the Central Bank coffers (BCRA).
He S&P Merval wins 1.4% at 2,087,642,200 units. The actions that rise most are those of South Gas Transporter (+2%), Metrogas (+1.6%) and Group Securities (+1.6%).
Also, the Adrs on Wall Street climb up to 3.1%led by Pampa Energía, IRSA (+3.1%) and Gas Transporter del Sur (+2.3%).
Juan Carlos de PabloEconomist close to President Javier Milei, valued the “pause” in the United States commercial war against the world, something that benefited the markets, while internally he recalled that “we are days after a new review of the International Monetary Fund”, in which relevant figures of their member countries will be known and, especially, the situation of the world GDP.
Within this framework, investors operate cautiously, more taking into account the Latest adverse news for the countrywhich included the non -improvement in the MSCI qualification, the unfavorable judicial ruling for the expropriation of YPF and the JP suggestion. Morgan to abandon the “Carry Trade” strategies.
Bonds and Risk Country
In the fixed income segment, the dollars in dollars operate with a majorityalthough of little magnitude. Wednesday the country risk marked the 700 unitsalmost at the same level as the two previous days.
In a recent report, JP Morgan said the Titles of emerging countries have More margin to recover that to deteriorate, provided that The risk of global recession is maintained under control.
The BCRA placed just US $ 26 million on the “Bopreal 4” bonds, used for import payment. Thus, the entity has awarded US $ 836 million, about an expected of US $ 3,000 million.
Source: Ambito
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