The ADRS advance up to 1.6% in Wall Streetwhile local actions operate with a majority of increases in the Buenos Aires bagwith passener leading profits with 4.9% in a MERVAL S&P INDEX that earns 0.04%.
In New York, it transports from Gas del Sur it rises 1.7; Pampa Energía does it 1.6%; Loma Negra wins 1.4% and YPF (YPF) It does 0.8% after the suspension of the delivery of 51% of the shares to the vulture funds in the US.
The judges of the Court of Appeal of the Second New York Circuit suspended for “indeterminate time” the delivery of 51% of YPF’s shares to the vulture funds won US $ 16,099 million in the trial for the expropriation of the oil company in 2012.
With this decision, a brake was placed on the judicial onslaught that the judge began Loretta Preska Against the country, which included a 72 -hour ultimatum to make its order to transfer the company’s shares effective. However, according to sources linked to the case, “in principle” the decision of the Court of Appeals is “For an indeterminate time” and until a new term is set by a court, which must be summoned especially in this case.
According to sources linked to the case, the decision of the Court of Appeals is “in principle for an indeterminate time and until a new term is set by a court, which must be summoned especially in this case.
The MAIN US stock market indices They operate mixed, with the Dow Jones Losing 0.7%, the S&P 500 Rao 0.1% Russell 2000 1.3%. At the other extreme, the Nasdaq Avanza 0.6%.
In the exchange market, the dollar Scale at the local level, with the official dollar and the Blue above $ 1,300, and the wholesaler and the financial ones near that strip.
He Central Bank (BCRA) It operates in the secondary Lecaps market to put an apartment at the rate, and also does so in the wheel repo giving passive passes to the banks.
Bonds and Risk Country
The Bonds They operate with a majority of increases, bouncing after three consecutive wheels downward, with the Global 2035 and the Global 2038 leading the profits with 0.6%, followed by the Global 2029 and the Global 2030, with an advance of 0.3% each.
For its part, the last data of country risk (EMBI, prepared by JP Morgan) of July 11 showed a value of 717 basic points.
The market celebrated the June inflation data
Indec reported on Monday that there was a slight acceleration of inflation, with a monthly measurement of 1.6%. The market and government of President Milei celebrated the data as good news for the official anti -inflationary plan, after analysts foresee an index close to 2% for June.
In April, price increase had been 2.8% before falling to 1.5% in May. In the first half of the year, the measurement of the consumer price index (CPI) was 15.1%, while in the last 12 months the novelty was that it pierced 40%: gave 39.4%
From the financial point of view, The IPC of 1.6% in June “reinforces the attractiveness of the fixed rate instruments, since the expected real performance continues in positive and growing terrain. monthly inflation below 2% discourages the demand for assets, which are erossed by their relative performance against fixed rate alternatives,” Auxquiera, Commercial Manager of Sailing Investments considered.
Source: Ambito
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