In this framework, the papers of Argentine companies move in bullish territory, with rises led by Edenor (+5.9%); YPF (+4.6%); and Grupo Financiero Galicia (+4%).
In this context, the leading S&P Merval index of Argentine Stock Exchanges and Markets (BYMA) gained 0.7%, to 90,647 points, after a similar improvement in the previous round.
There is an expectation that the negotiations between the Government and the IMF are drawing to a close. The two sides have been in winding talks for more than a year to renegotiate a failed deal struck in 2018 by former President Mauricio Macri.
“Today the international financial architecture is the one that marks the imbalances and does not accompany the real economy, much less social justice”, Argentine President Alberto Fernández said during a forum of the International Labor Organization (ILO).
Argentina “It is in the process of negotiating its foreign debt and looking for balances redirected towards the spirit of the new normality”, emphasized.
Meanwhile, global financial markets continue to look in the geopolitical tension represented by the confrontation between Russia and Ukraine, with Europe and the United States at a first level of monitoring.
In the fixed income segment, bonds in dollars operate with losses of up to 1.4%, while country risk rebounded 0.4% to 1,715 basis points.
Among the bonds in pesos, those who adjust for CER (inflation) climb up to 2%, highlighting the progress of title Par.
Source: Ambito
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