At the local level, the S&P Merval advances in pesos along with the increase in the dollar counted with liquidation.
The Bonds in dollars and the ADRS They fall into Wall Street this Thursday July 31while the market follows a new jump from the dollar to an increase in the coverage demand that coincides with the rise in the interest rate of the entire curve in pesos.
Among the ADRs, banks lead the losses: Banco Macro (-3.2%); Supervielle Group (-3.0%); BBVA Argentina (-2.0%); Galicia Financial Group (-1.5%).
On the other hand, at the local level the S&P Merval advances 1.4%, below the increase in dollar counted with liquidation (CCL) that does it 2.8%; The dollar counterpart from the index decoced 1.4%. Aluar (+4.3%) leads the rises, followed by Transener (+2.6%) and YPF (+2.4%).
Energy leads July the bag
At the monthly level, the S&P Merval accumulates a gain in pesos of 17.3% to 2,340,313,790 points, and from 4.8% in dollars. Balanz’s product manager, Isabel BottaHe stressed that the month closed with a mixed balance for the different Argentine assets, in a context where the slowdown in inflation was consolidated as a positive signal and investors began to recalibrate their portfolios for a second semester that will be marked by the October elections.
In the International Front, the main indices operate mixed in New Yorkwhile the market analyzes a series of economic indicators, including the decisions of the central banks, the inflation data and the commercial negotiations before the term of August 1 imposed by the US.
While the Fed maintained stable interest rates on Wednesday and its president, Jerome PowellHe said that it is necessary to expect more data before his next movement, inflation in the US increased in June because import tariffs began to raise the cost of some goods.
Bonds and Risk Country
Among the Argentine titles, Bonar 2041 loses 1.1%, followed by the Global 2046 (-0.9%) and Bonar 2029 (-0.9%). In July, sovereign bonds accumulate majority of falls. Bonar 2041 loses 2.9%; Bonar 2035 (-1.9%); Global 2035 (-1.7%); Global 2041 (-1.7%).
The last data of country risk (EMBI, prepared by JP Morgan) of July 30 showed a value of 716 basic points and yielded a 1.5% drop with respect to the previous registration.
Source: Ambito
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