In his analysis with Ámbito, Emilse Cordoba, director of Bell Bursátilmaintained that the losses of technological papers, in tune with the Nasdaq that fell to almost 3%, “responds to the sayings and questions about the conflict between Russia and Ukraine.”
“They go back with relative volume (below the volume of the last month), it is relevant to see how the week closes tomorrow, to see if it reaches support areas,” he said and expanded: “It’s important to look at the volume as it gives us an idea of whether there are massive outflows.”
Cordoba said that the day at the international level had “volatility but there is also an increase in volume in assets associated with gold.” “In this type of conflict, Although there are sectors that are falling and are more expectant, assets such as gold are becoming strong as a refuge for value”, large. Gold rose to an eight-month high on Thursday and touched $1,900 an ounce.
For its part, the S&P Merval stock index lost 0.66%, to a provisional close of 89,977.89 points, after advancing around 3.1% between Tuesday and Wednesday. The papers that fell the most were Telecom (-1.7%), Banco Macro (-1.7%), Edenor (-1.5%) and Galicia (-1.5%).
For its part, the greatest increases in the leading panel were for Cablevisión (+7), Transener (+2.7%) and Cresud (+1.9%).
“Extends the tone of greater caution on Wall Street, attentive to geopolitical tensions, before which local assets interrupt the recent recovery that was activated from investors who had been perceiving signs of progress towards the approval of the agreement with the IMF,” said Gustavo Ber in his analysis.
And he expanded: “This is how the S&P Merval returns 0.4%, within a take profit among most major ADRssince these vehicles are still the most used by operators to manage their tactical bets”.
From the Government, they hinted that rough edges are being ironed out inside the ruling party in the Chamber of Deputies, where the project will surely enter with the details of what was discussed with the IMF. The international credit organization advanced on Wednesday in dealing with the issue, in the face of the largest loan in its history.
At the international level, All eyes are focused on the G-20 meeting where a global increase in inflation is discussed and on the political tension due to Russia’s threat to invade Ukraine. Finance leaders from the Group of 20 said rising inflation poses potential risks to global economic prospects.
Bonds and country risk
In the fixed income segment, dollar sovereign bonds closed with widespread declines. The declines were led by Bonar 2041 (-1.7%) and Bonar 2030 (-1.3%). The only rise corresponded to Global 2035 (+0.2%). ANDhe country risk rises 0.9% to 1,757 basis points.
Meanwhile, dollar-linked sovereigns closed mixed, with a drop of 0.25% for TV23 and increases of 0.10% and 0.15% for TV22 and T2V2, respectively. Finally, bonds in pesos with CER adjustment closed with increases of 0.2%for the short section and 0.3% for the medium and long section, informed Grupo SBS.
Source: Ambito
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