The The leading S&P Merval index of Argentine Stock Exchanges and Markets (BYMA) improved by 0.7%, to 90,029.49 points as a provisional closing, after accumulating an improvement of 1.43% 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 closed disparate, although they did not show representative values to mark a firm trend given the lack of external benchmarks, operators commented. The country risk showed movements, given the inactivity in New York.
“Argentine debt appreciated by 5.35%, after the director of the IMF’s Western Hemisphere Department assured that the organization is close to reaching a complete agreement with the country,” said a report from Banco Mercantil.
Among the bonds in pesos, those who adjust for CER (inflation) are listed with most increases, highlighting the progress of title Boncer 2023, which climbed 2.2%.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
