Argentine assets live a positive day, while local market investors closely follow the evolution of the dollar and the debate in Congress.
After a wheel in which Argentine Actions on Wall Street rose up to 5.5% on Wall Streetduring the start of this Wednesday the operations of the Argentine titles of the North American Stock Exchange They advance an extension of that trend. In addition, the Merval rises in both pesos and dollars.
This Wednesday, the ADRS They operate with generalized ascents, contrary to the New York Stock Exchange. The main ones were for Supervielle (+5.5%); Macro Bank (+5%), E YPF (+4.8%). This Wednesday, that trend is maintained, with the main increases in Pampa Energía (4.1%), Banco Macro (2.91%) and Edenor (2.82%).
For its part, the S & P Merval advances 1.68% at 2,386,343 basic pointswhile measured in dollars, Salta 3.6% and is positioned at 1,757 points. So far this month, the main Argentine stock market index Write up 1.7% in pesos and 3.6% in dollars.
As for fixed income, The dollars in dollars quoted the previous wheel with generalized profits and scored their second positive day to thread. At the moment, the first operations in this sector show this Wednesday a moderate rise, between 0.2% and 0.4%. Meanwhile, The country risk measuring JP Morgan It remained on Tuesday at 761 points.
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“Despite the recent volatility in the peso market, We highlight that the sovereign in dollars showed a remarkable resilience when staying relatively immune. In our vision, the credit trajectory will continue to depend, to a large extent, on the next electoral results, “they raised from Personal Investor Portfolio (PPI).
The dollar and veto in Congress
Local market actors closely follow dollar evolution, as their possible impact on prices worries. Meanwhile, the Government fights to try to keep the price rise below 2% monthly based on its fiscal surplus objective.
In this sense, the president Javier Milei It comes from vetoing a rise in retirement and a law to ensure protection of people with disabilities sanctioned by the opposition in the Congressconsidering that they put that financial balance at risk.
News in development.
Source: Ambito
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