In this framework, the papers of Argentine companies move in bullish territory, with rises led by Edenor (+7.5%); Central Port (+6.2%); Macro Bank (+4.8%); and Grupo Financiero Galicia (+4%).
Pressured by the sharp drop in the CCL dollar, the leading S&P Merval index of Argentine Stock Exchanges and Markets (BYMA) lost 0.2%, to 89,875 points, after an improvement of 0.7% in the previous round.
There is an expectation in the market 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, the global financial markets were operating with strong losses due to the geopolitical tension that represents the confrontation between Russia and Ukraine, with Europe and the United States in a first level of follow-up.
In the fixed income segment, bonds in dollars operate with a majority of losses, while country risk rebounded 0.6% to 1,720 basis points.
The increases in government bonds in hard currency were led by the Global 2019 (+1.8%), while the losses were led by the Bonar 2035 (-2.5%).
Among the bonds in pesos, on the other hand, those who adjust for CER (inflation) climb up to 1.3%, highlighting the progress of title Par.
Source: Ambito
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