The The leading S&P Merval index of Argentine Stock Exchanges and Markets (BYMA) improved by 0.7%, to 90,087.39 points, after accumulating an improvement of 1.4% last week.
“The Merval reaches the 90,000 point zone where it could find resistance”estimated Alexander Londoño of ActivTrades.
Argentina negotiates a debt restructuring with the IMF for more than 40,000 million dollars, that still must be endorsed by Congress, in the midst of controversies in the governing coalition, and by the agency’s board. “It is evident that the signing of the agreement would reduce uncertainty at the local level”Said Portfolio Personal Investments. “The volatility in the world plays against it. However, within the general weakness in the global debt markets, we highlight that Argentine bonds responded quite well”he added.
American presidents, Joe Biden, and Russian, Vladimir Putin, agreed in principle to a meeting to address the Ukraine crisis, French President Emmanuel Macron said, but the Kremlin denied there were any concrete plans for a summit.
In the fixed income segment, bonds in dollars operated with a majority of losses, although they did not show representative values to mark a firm trend given the lack of external benchmarks, operators commented. The country risk did not show movements either, given the inactivity in New York.
Among the bonds in pesos, those who adjust for CER (inflation) are listed with most increases, highlighting the progress of title Boncer 2028, which climbs 2.1%.
Source: Ambito
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