The ADRS of Argentine companies that are quoted on Wall Street start the week in low, when 6% sink. That fall coincides with the predominant red on the screens of the New York Stock Exchange. The imminence of the definitions on the policy of duty that the government of Donald Trumpafter the “truce” of 90 dayskeep investors in suspense.
Among the main references, the setbacks of banking papers such as those of Supervielle Group (-6.1%), followed by Grupo Financiero Galicia (-5.6%), BBVA Argentina (-5.3%) and Macro Bank (-5.0%).
In the local market, the index S&P Merval low 1.7% up to 2,044,008.72 points. Among the main falls, those of Metrogas (-3.5%), Passener (-3.1%), Bank of Securities (-3.1%), Edenor (-2.8%) and Northern Gas Transporter (-2.8%).
It occurs on a day marked by the uncertainty that the next tariff ads by Trump generate among the investors, at the end on Wednesday the 90 -day negotiation window that had decided to open with the rest of the countries, after the strong initial impact it had on Wall Street and in the US Treasury Bonds.
The main indices of the New York Stock Exchange lose up to 1.2%, headed by Dow Jones.
In parallel, this week will also be known Activity data of Argentina and will reveal the situation in which the manufacturing industries, construction, fishing and mining with the IPI corresponding to each of them. It will be the first entire report after the Starting of the stocksince they correspond to May.
The market continues to evaluate the exchange tension of the last weeks that raised the dollar And they harmed those who did “Carry Trade “ The last months. Yes ok Great games of agro -exporters remain this monththe trend seems to be upwards when the withholdings and Finish the thick harvest. In this way, the market seems not to validate the exchange rate to which the government seeks to place debt.
This Monday will be the first tender of the month and it will be known what volume the investors of the debt offered from the Treasury again take. At the end of June, the results were not expected by the Executive Power.
Bonds and Risk Country
In the fixed income segment, the sovereign bonds operate with a majority of casualties and lose up to 2.2% headed by the Bonar 2041followed by Global 2046 and the Global 2029, which falls 2.1% and 2.0%, respectively.
The country risk, meanwhile, closed Thursday around 679 basic pointsaccording to the measurement of JP Morgan.
Source: Ambito
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