However, the country risk that JP Morgan measures remains at its highest level since mid -April, product of exchange tensions and rates.
Argentine papers that quote on Wall Street bounce after closing on Tuesday with a majority of casualties. Meanwhile, global bonds operate upwards, after the sharp fall in the last wheel.
S&P Merval increases 0.5% at 1,985,925.76 points, with a 0.8% drop so far this week. For its part, Your dollar counterpart rises 0.9%but so far in September correction is 0.8%.
From personal portfolio investors (PPI) they stated that “Merval comes from an August to forget and faces a week where volatility is the great protagonistwith the PBA elections more and closer. “
In Wall Streetthe ADRs that present the highest increases are Port Central (+2.04%), Telecom (+2%) and Edenorwith +1.04%. The only exception is Macro Bankwhich drops 0.9%.
Bonds and Risk Country
For its part, dollars in dollars operate with increases of up to 3.4% In the first movements in that place, as is the case of Global 46. At the moment, the only Argentine title that falls is the global 29, with a correction of 2%.
In PPI they stressed that “despite the strong bleeding on Tuesday, Today the global start with a more positive tone. In particular, the long sections, the most punished yesterday, They advance up to 1%. “
Anyway, they stressed that “We will have to see if this rebound manages to sustain and recover part of the lost terrainor if, on the contrary, the bearish trend that marked the beginning of September is imposed again. “
During this Tuesday’s wheel, The country risk that JP Morgan measures was 837 pointsits highest level since mid -April, in the prelude to relief to exchange rate.
In your last market comment, Aurum values He stated that “These movements would be motivated both by political uncertaintyas to the weaknesses seen in recent times in terms of rates and in the exchange level. “
Source: Ambito
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